Saudi Arabia, UAE Lead MENA VC Funding to Highest Since 2023

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By Yassmin Jabri

April 22, 2025 at 4:30 AM UTC

Venture capital investment in the Middle East and North Africa surged in the first quarter as interest rate cuts boosted sentiment.

Startups in the region raised $678 million, the strongest quarter since the end of 2023, according to data platform Magnitt. The median deal size rose, reflecting an increase in the capital flowing to larger startups.