Egypt Has Most Start-Up Deals In MENA In July 2021

Giving More to Your Wealth
15 Aug 2021

Wamda’s recent report on start-up investments in the MENA region indicated that Egypt had the highest number of start-up funding deals in the region in July 2021. Egypt had 19 deals, followed by 16 in Qatar and 12 in the UAE. As for the value invested in start-ups, Egypt came in second place with USD70mn worth of start-up investing in July 2021. The sector that attracted the largest amount of investments by far in the MENA region was Foodtech, due largely to one mega-deal that saw USD415mn invested in a cloud kitchen operator start-up. Foodtech was followed by Mobility, e-Commerce, and Healthcare in terms of the value invested.

(Source: Wamda (English) (Arabic), al-Ahram (English))

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