“$1.031bn was plowed into MENA-based startups in 2020, marking a 13 per cent increase from 2019.”
-In 2020 more capital was deployed but in fewer, larger deals. The UAE ranked 1st and accounted for the lion’s share of total funding and the highest number of deals in MENA. Egypt ranked 2nd for both total funding and number of deals, and the fast-growing KSA ranked 3rd for both. [Magnitt]
