MENA startup investment approaches $2 bn
Published 15 Nov,2021 via Daily News Egypt - According to MAGNiTT’s October 2021 Investment Information Report covering venture capital activity in the MENAP region, you notice a very significant closing of a massive year.
Investment in the MENA region is approaching the $2bn mark with nearly $150m raised in October.
Significantly, it appears that fourth-quarter funding is just getting started in this ecosystem as startups like Egypt-based Rabbit, UAE-based Immensa, Bahrain-based coinMENA, and Jordan-based EonDental have closed multi-million dollar rounds, resulting to increase the deployment of capital in the Middle East and North Africa region by more than $50 m this week alone.
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