Episode 28-MENA VC Insights: Saudi surge and regional trends

The Middle East, Pakistan and Turkey secured $665 million in funding in the first half of 2024, equating to an 18% drop from last year, according to Magnitt, a Dubai-based VC data platform.

 Meanwhile, Saudi Arabia led the MENA region with $412 million in VC funding, despite a slight 7% decline. Investor numbers in the MENA increased by 33%, showing resilience in early-stage funding.

 In our 28th episode, we spoke with Ivo Detelinov, General Partner at Oryx Fund,  an early stage VC fund focused on the MENA region and managed by London-based VC firm Salica Investments.

In this episode, we spoke over several topics including:

• The current VC landscape in Saudi Arabia and the region
• Type of financing to start-ups
• VC outlook for 2H24 and 2025

Email us: hassan@majlisandmarkets.com

Intro theme song-Arab and Muslim by StockMusic via Pixabay