Are we beginning to see the impact of COVID-19 on the MENA Venture Investment space?
‘In H1, we predicted that there would be a delay in seeing the impact of COVID-19 on the VC industry, because historically, it can take between 6-12 months for a funding round to close,’ explains Philip Bahoshy, MAGNiTT’s CEO. ‘Six months on from the onset of the pandemic, the Q3 data likely reflects the impact of decisions taken by investors in Q1 and Q2.’
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