The state of VC funding in MENA, H1 2023
<p>In H1 2023, the total start up investment (including debt) in the MENA region <strong>dropped by more than 21%</strong> from $2 billion in the previous year to a little under $1.6 billion. The decline was even more significant at <strong>46% when considering equity investments only</strong>, indicating a slowdown in equity-based investing in the region.</p>
<p><img alt="" src="https://miro.medium.com/v2/resize:fit:770/0*tTzrla7_FVda01Oy.jpeg" style="height:431px; width:700px" /></p>
<h2>Impact of global events</h2>
<p>The consequences of the war in Ukraine, rise in interest rates, and global economic growth slowdown contributed to investor hesitancy, particularly in Q2 2022. <strong>Quarter-on-quarter investments witnessed a sharp decline of 56%</strong>, and deal count fell by 30%, with Q2 investments plummeting by a staggering 83% compared to the same period in 2021.</p>
<p><a href="https://medium.com/@kristinamelsova/the-state-of-vc-funding-in-mena-h1-2023-2964d1fe8850"><strong>Click Here</strong></a></p>