Record Funding for MENA Startups in March, Q1 Reaches $429M

Monday, 1 April 2024, 02:00

With startups in the Middle East and North Africa raising $254 million in March across 54 deals, marking a significant 186% increase from the previous month, Q1 2021 saw a total funding of $429 million, showcasing the region's growing investor interest and entrepreneurial potential. The rapid rise in funding indicates a promising start to the year for MENA startups, which are attracting more capital and expanding their growth horizons.

https://store.livarava.com/ef13bcd5-f03f-11ee-8927-87cc5c87fb08.jpg — Record Funding for MENA Startups in March, Q1 Reaches $429M

MENA Startups Surge in Funding

Amidst a challenging global economic landscape, startups in the Middle East and North Africa have managed to secure record funding in March 2021.

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$254 million raised in March across 54 deals
186% month-on-month growth

This remarkable increase in funding is a positive signal for the region's startup ecosystem, highlighting the growing investor confidence.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

MENA Startups Surge in Funding

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