Magnitt – MENA Venture Report, FY2023

The FY 2023 MENA Venture Investment Premium Report provides a comprehensive analysis of the venture capital landscape in the Middle East and North Africa region. It explores various aspects such as funding and deal activity, investor evolution, economic trends, and valuations throughout the year 2023. The report also highlights the changes and variations in the economic and venture capital landscape across different countries and industries in the region. In 2023, the MENA venture ecosystem faced challenges due to the global economic slowdown. The region experienced a 23% decline in total funding compared to the previous year, with a significant decrease of 35% in non-MEGA funding. The investor appetite was also restrained, leading to a 34% decrease in the number of deals compared to last year. Despite the difficult macro-environment and global trends, the MENA-based startups saw a robust increase of 65% in the SEED stage valuation compared to the previous year. The report offers deeper insights into the 2023 data through a webinar on the 17th of January. The readers can also access the suite of 2023 reports or obtain premium reports by contacting the Magnitt sales team.