The MENA startup scene has undergone a true transformation over the last 4 years – both in the number of deals and the amount invested. According to our 2017 Analytics report, the Compound Annual Growth Rate (CAGR) of investment (excluding investments in both Souq and Careem) was almost 75% between 2014 and 2017, indicating a boom in activity in the region’s startup ecosystem. Last year alone saw $579M investment made in 284 startups across MENA. In fact, 2017 turned out to be a record year for the region’s startup ecosystem in terms of the total number of transactions and total amount of disclosed funding (excluding investments in Souq & Careem).
With such an increase in activity, it is sometimes hard to keep track of all the information about the MENA startup ecosystem. At MAGNiTT, we understand that, which is why our brand new Analytics package allows you to manipulate our up-to-date funding data based on your needs and interests, including a top 10 Investment breakdown against industry, country and year. This way, it becomes extremely easy to find the exact data that you are looking for within minutes, clearing up your day for other (more important) tasks.
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