waslaah News
Keep abreast of the latest news
Keep abreast of the latest news
Apr 05, 2024
In March 2024, startups in Saudi Arabia received the most funding in the MENA region with total investments of $198 million across 25 transactions. The bulk of this funding, $130 million, went to the pre-IPO round of Saudi-based SaaS provider Salla, according to a report from Digital Digest and Wamda.
The United Arab Emirates received the second most funding in the MENA region in March 2024, with $39 million raised across 12 deals. Egypt raised the third most with eight startups raising $7 million.
Startups across the MENA region secured $254 million during March, bringing the total raised across the first three months of 2024 to $429 million. The majority of this funding went to SaaS providers at $130.6 million, with fintech receiving just $40 million, and e-commerce startups raising $18 million.
Source: www.scenenow.com
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