The singer-songwriter expressed her annoyance at the persistent association of her identity with her father, actor Keith Allen
The UAE has maintained its dominance thanks to continued government support, corporate venture interest and growing investor appetite for startups. The report states that 30 per cent of all transactions were made in to UAE-headquartered startups in 2018, while it also accounted for 70 per cent of total funding.
Egypt was the fastest growing ecosystem in 2018 - receiving the 2nd highest number of deals at 22 per cent of all deals, up 7 per cent from 2017. Lebanon, ranked third by number of transactions with 10 per cent, saw the highest fall in deal flow compared to 2017, with a 4 per cent drop.
MAGNiTT, Mena's leading data platform tracking the region's startup ecosystem, today released their annual 2018 Mena Venture Investment Report, which provides an in depth analysis of startup funding across the Mena. The report highlights strong growth with a record number of transactions and an increase in total funding across Mena-based startups, up 31 per cent from 2017.
Philip Bahoshy, MAGNiTT founder and CEO, said: "This is an extremely positive signal. 2018 saw more international investors enter the foray than before, new accelerator programs created the region, multiple government initiatives spurring innovation and established regional Venture Capital firms closing out new funds to deploy further capital. The 2018 has seen more later stage investment deals at Series B and beyond than ever before and we expect this trend to continue into 2019 as startups scale to get closer to exits."
FinTech overtakes E-commerce
The singer-songwriter expressed her annoyance at the persistent association of her identity with her father, actor Keith Allen
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