The report provides a comprehensive ranking of venture capital investors in the MENA region and explores the shifts in investor focus driven by COVID-19.
The Middle East and North African (MENA) startup scene is similarly capturing attention; not only due to the number of quality entrepreneurs, but also the significant acquisitions of eCommerce and rideshare leaders.
"We have increased the quantum of venture capital available to regional startups, creating a completely new playing field for Mena VC," said Abdulrahman Tarabzouni, chief executive of STV.
The UAE accounted 62 percent of Middle East and North Africa (MENA) private equity investment activity by value in 2016, a substantial increase from 2015 according to Private Equity & Venture Capital Annual Report of the MENA Private Equity Association.
<p>The Middle East and North Africa’s (MENA) private equity industry (PE) is poised for significant growth led by the GCC’s six member states in light of intensified MENA-wide economic diversification and development efforts. This was the key finding of the report on ‘Challenges and Opportunities: Reinforcing the Private Equity Market in the MENA Region’ released by Orient Planet Research, an Orient Planet Group venture, on the sidelines of the inaugural Private Equity Forum & Awards 2017 held on 19 April 2017 at the St. Regis Hotel, Dubai.</p>
The Middle East and North Africa’s (MENA) private equity industry (PE) is poised for significant growth led by the GCC’s six member states in light of intensified MENA-wide economic diversification and development efforts.
While other Arab VCs, such as Mena Venture Investments, have invested in U.S. startups, Silicon Badia is the first Arab venture capital firm with a fund dedicated to early stage tech startups in the U.S.
BECO Capital, a regional venture capital firm focused on technology investments in MENA (Middle East and North Africa), this week announced that it has led a new $3.5 million round of funding for Bayzat, a UAE-based technology startup that provides insurance and HR solutions. The two-year-old startup assists patients and companies in managing their health insurance in a simple, clear and accessible way through their computers and mobile devices.