The Q3 2019 MENA Venture Investment Report provides a full deep dive into the funding state of the MENA startup ecosystem, providing you with the insights of MAGNiTT's dedicated venture capital data team on the state of startup funding in the MENA region, including trends and key developments.
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For the first time in 2019, Egypt surpassed the UAE by number of deals in the MENA region, accounting for 27% of all deals. The top 5 is completed by Lebanon, Saudi Arabia and Tunisia, which have all seen an increase in their percentage of total deals. The report delves deeper into the funding trends in industries, top investors, top funding rounds, and stage of funding trends across the region and in Egypt, the United Arab Emirates, Saudi Arabia and Lebanon.
In 2019 YTD, there have been 163 institutions that invested in MENA-based startups, more than any year before. In the entire year of 2018, there had been 159 investors, 4 less than in 2019 thus far. This in-depth report looks at the origin of these investors, the type of investors (e.g. VC, Accelerator, Angel Group), new investors and funds being set up across the region, as well as the most active investor by funding stage.
Another key trend that the report looks into is exits. In 2019 YTD, there have been 20 startup exits, which have all been named in the report – this equals the previous all-time high of 2017, during which there were also 20 startup exits. However, mainly due to Careem's $3.1B exit to Uber, 2019 has seen the highest cumulative exit amount of any year in recorded history. Learn more about the top industries for exits, the individual exits and their acquirers, as well as the countries that rank highest in terms of exits in the full report.