Multiples – MENA Tech Startups Funding Rounds in 2024

The report analyzes investment trends in tech startups in the MENA region in 2024. In 2024, the MENA tech startup ecosystem experienced dynamic changes with a total funding volume of $2,788,078,176 distributed across 602 rounds. Despite a decrease in total funding from $4 billion in 2023, the increase in the number of rounds indicates an expanding base of funded startups and sustained investor interest. The UAE, Saudi Arabia, and Egypt solidified their positions as leading funding markets, attracting 96.21% of the total investments. Key sectors included fintech, SaaS, and AI, which attracted 50% of the total funding. The focus was on early-stage investments such as Seed and Series A, accounting for 38% of the total funding. In 2024, 499 institutional investors actively participated, highlighting the high interest in the MENA tech scene.