MENA startups' funding deals hit record high in first half of 2019 | ZAWYA MENA Edition:
The number of funding deals for startups in the Middle East North Africa (MENA) region during the first half of this year reached the highest number on record for a first half of a year, according to startups platform Magnitt.
The number of deals increased by 28% year-on-year in the first half of 2019 to 238, while the total funding increased by 66% to $471 million.
“Q2 2019 saw the highest amount of investment deals in any quarter for everything that we recorded historically,” Philip Bahoshy, Magnitt’s founder said during a live webinar held on Monday.
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