MENA Startup Funding Falls to $337.5 Million in August
August saw MENA startup funding drop to $337.5 million amid fewer mega-rounds, yet overall investment remains up 74% compared to the same month in 2024, reflecting continued regional growth.
Startup funding across the Middle East and North Africa fell to $337.5 million in August, a 57% decrease compared to July’s record levels, according to Wamda's monthly report. Despite the monthly slowdown, investment remained 74% higher than the same period in 2024, indicating continued long-term growth momentum.
Saudi Arabia and the UAE led the region, attracting $166 million and $154 million respectively, while Egypt secured $14.7 million across eight deals. The top-funded sectors were proptech with $96 million, fintech with $68.3 million, and construction tech, which recorded a notable $50 million round.
Later-stage investments dominated activity, with Series B rounds contributing $112 million and Series A deals raising $82 million. Debt financing accounted for $60 million, while early-stage startups secured a comparatively modest $22 million across 31 deals.
Business-to-business startups attracted $180 million, compared to $116.9 million for B2C ventures. Female-led startups stood out, raising $72.3 million across two deals, while mixed-gender teams collected $1.6 million.
