MENA start-ups received more than $1 bln in VC funding in 2020 – study
For the first time ever, start-ups in the Middle East and North Africa received more than $1 billion in venture capital last year, says a new study.
Start-up data platform Magnitt said VC funding in the MENA region reached $1.031 billion last year, up 13% from 2019. Funding volumes were bigger as total deal count decreased by 13% to 496, said the Dubai-based company.
$1.031 billion:
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