Finance
Saudi, UAE Venture Capital Funding Slumps on Investor Shift
- VC funding in the Middle East fell 29% in 2024: Magnitt
- Saudi Arabia continues to lead the region in deal values
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Venture capital funding in the Middle East slumped in 2024, even as the number of deals increased, as investors shifted toward early-stage investments.
Startups in the region raised $1.5 billion, a decline of 29% compared to the previous year, according to a report from venture capital data platform Magnitt.