Serrari Group

Start-up investments in the Middle East and North Africa (MENA) region saw a significant decrease in the first half of 2024, amounting to $882 million. This represents a 46% drop from the $1.6 billion raised in the same period in 2023, as reported by Wamda and Digital Digest.

The ongoing conflict in Gaza has introduced substantial uncertainty, prompting many regional and international venture capital firms (VCs) to adopt a cautious approach. This hesitancy has notably impacted the overall investment climate, with many investors opting to wait for more stable conditions.

Despite the sharp overall decline, the reduction is less severe when excluding last year’s debt financing, with a year-on-year decrease of about 12%.

Monthly Investment Patterns

June 2024 presented a mixed picture for MENA start-ups, which raised $116 million. This figure is 182% higher than June 2023 but 59% lower than May 2024, highlighting the month-to-month volatility in investment activities.

The United Arab Emirates (UAE) stood out in June, with start-ups securing $82.5 million across 15 transactions. Notably, the month did not feature any large-scale deals, with the highest amount raised by a single start-up being $30 million by Tendered.

Sector Insights: Fintech Leads

The fintech sector led the way in June, attracting $38 million across 10 deals. This indicates strong investor interest in financial technology solutions, despite broader market challenges.

Future Outlook

As the second half of 2024 begins, the investment outlook for MENA start-ups remains uncertain. Geopolitical tensions continue to weigh heavily on investor confidence. However, sectors like fintech offer some optimism due to their demonstrated resilience and potential for growth.

Industry experts believe that resolving regional conflicts and stabilizing the geopolitical climate will be crucial in reviving investor interest and restoring confidence in the MENA start-up ecosystem. Until then, both start-ups and investors are expected to navigate a cautious and unpredictable landscape.

Photo source: Google

By: Montel Kamau

Serrari Financial Analyst

9th July, 2024

Share this article:
Article and News Disclaimer

The information provided on is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

In no event will be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.

The articles, news, and information presented on reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.

The content on may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.

By using, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website., reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.

Serrari Group 2023