VC ecosystem deals in MEAPT amass $5.1bn in H1 2022
MAGNiTT has released its H1'22 Emerging Venture Markets (EVMs) VC Report which covers venture activities from the Middle East, Africa, Pakistan, and Turkey (MEAPT). According to the report, the VC ecosystem for this region amassed $5.1Bn in H1 2022 over 754 deals, aggregating 70 percent of the total investment raised in FY 2021.
The VC ecosystem in EVMs, exit activity across MEAPT reached a new half-yearly record in 2022. Over the first 6 months, the ecosystem recorded 67 exits, 20 less than that closed last year, yet 18 more than FY 2020. Mega deal prominence this year was not only another funding highlight, but also attracted over $2bn in funds across Bahrain, KSA, UAE, Kenya, Nigeria, and Turkey accounting for more than 40 percent of total capital raised across EVMs over H1 2022.
The MENA region recorded $1.68Bn in VC funding in MENA in H1 2022 that includes 300 deals in H1 2022 including 3 mega deals ($100M+). 33 total exits were logged in H1, which is just 2 exits short of 2021’s record-high number.
Africa was able to set a new record in Q1 funding this year, led by the fintech industry which aggregated almost 60 percent of the total funding in H1'22, managing to cross the $2Bn mark in the first six months of the year.
A slowdown in VC activity as a result of global market pressures, however, has surfaced over Q2 2022 and is expected to continue through the next 2 quarters of the year.
EVM H1 2022 Venture Investment Report is one of MAGNiTT’s flagship productions. This report provides a comprehensive overview and a deep dive into the MEAPT venture capital and funding investment space including provides a comprehensive overview and a deep dive into the MEAPT VC and funding investment space and includes a five-year analysis of VC evolution; a two-year quarterly funding breakdown and comparison of all EVM; the top ten investor ranking; the top ten and top five startup funding rounds that were closed during the analyzed period, as well as the ticket size split of the entire deal flow and the top exit evolution across all the EVMs.