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MENA STARTUP FUNDING FLAT AT $799M IN Q1

Startup funding across the Middle East and North Africa remained flat year-over-year at $799 million in the first quarter, as regional conflict disrupted investment flows. Saudi venture capital firms are continuing fundraising efforts despite the headwinds.

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Magnitt: startup funding in the Middle East and North Africa was flat YoY at $799M in Q1 amid the Iran war; Saudi VC firms are pressing ahead with fundraising (Yassmin Jabri/Bloomberg)

Yassmin Jabri / Bloomberg: Magnitt: startup funding in the Middle East and North Africa was flat YoY at $799M in Q1 amid…

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