Q1 2018 Analytics Report
April 2018

The Q1 2018 Analytics Report summarises and analyses investments in MENA-based startups, including funding trends in countries, industries and funding stages, as well as comparisons and gap analyses. Q1 2018 saw $35.54M invested in 62 deals. Q1 2018 saw 14 less deals compared to Q1 2017. The total disclosed investments in Q1 2018 ($36M) was also down by $25M from Q1 2017 ($61M).

 

What is included in this report:

Executive Summary: Snapshot including the key takeaways from the report.

All Deals in Q1 2018: All MENA-based startups that received investment in Q1 2018, including country, industry, funding amount, funding stage, and investors.

- Q1 2018 Funding Overview: High-level overview and analysis of all MENA-based startup funding over time (monthly, quarterly, and yearly), including a gap analysis to the previous year.

Funding Stage Breakdown: Analysis of the different stages of funding, such as early stage, Series A, Series B, and how they compare and change over time.

Industry Breakdown: Analysis of the most popular industries by number of deals and funding amount in Q1 2018 and YTD, as well as how they change over time.

Country Breakdown: Analysis of the most popular countries by number of deals and funding amount in Q1 2018 and YTD, as well as any trends over time.

Top News in Q1 2018: Highlight of the top news of Q1 2018

 

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Q1 2018 - $36M in disclosed funding, 62 # of deals

Q1 2018 comparison

Deals: 62 in Q1 2018
Disclosed Amount Invested: $35.54M in Q1 2018
 
Q1 2018 vis-à-vis Q4 2017:
• Deals: -14 fewer deals in Q1 2018 (62) compared to Q4 2017 (74)
• Disclosed Amount Invested: -$33M less invested in Q1 2018 ($36M) compared to Q4 2017 ($69M)
 
Q1 2018 vis-à-vis Q1 2017:
• Deals: +12 more deals in Q1 2018 (62) compared to Q1 2017 (50)
• Disclosed Amount Invested: -$25M less invested in Q1 2018 ($36M) compared to Q1 2017 ($61M)
 

Q1 2018 Investment Breakdown

Investment stage:
• 47 of the 62 deals took place at the Early Stage (i.e. SEED or Angel) (76%)
• 10 disclosed at Series A (16%)
• 3 disclosed at Series B (5%)
 
Geography:
• Highest number of deals: UAE (18)
• Highest amount of funding: UAE ($26M)
• Other notable investments: Egypt (15 deals) and Lebanon (10 deals)
 
Industry:
• Highest number of deals: E-Commerce (10)
• Highest amount of funding: Travel & Tourism ($12.5M)
• Number of industries: 20 different industries

MAGNiTT Q2 Predictions

       Investment:

• See an uptick in investments leading up to and during Ramadan (before the summer lull)
• Expect Q2 to have an increase in activity in number of deals and amount invested across the MENA Region
• Await confirmation of VCs to close their new funds to start deploying
• Await public disclosure of several deals that have been closed, but not disclosed
• Discuss whether CAREEM is doing a $500M late stage fundraise. This would put MENA firmly on course for a record year of funding.
 
Venture Capital Firms
• We have noted the emergence of new family offices playing in the VC space
• Existing VCs in KSA, Egypt & UAE are actively looking for opportunities to invest
• TechStars Demo day, ArabNet competition, MiT Finals to take place in Q2
 
 

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Data Insights