VC investments in emerging markets like MENA fell over 40% due to a global trend, yet early-stage investing demonstrated resilience amid declining interest rates and inflation.
The 2024 Venture Investment Report indicated that while MENA startups raised $1.9 billion, a 29% decline YoY, it is still above 2020 levels, showing ongoing growth in the venture space.
Notably, Fintech thrived in the MENA region, securing $3.9 billion in funding, illustrating the strong demand for financial services in areas with less developed infrastructures.
Despite a 20% drop in deal activity, early-stage investments gained traction, with 47% of total investments occurring in the $1-5M bracket, highlighting a major market shift.
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