Thanks to MENABytes amazing review of the previous year’s Venture activity in the Middle East, we have observed an increased exit activity especially within e-commerce and logistics (local services). According to their report, there has 134 deals of 123 startups in 1 countries across the region that brought in approximately $445 million worth of investments.
The UAE has secured the first place by accounting to the 84% (approx. $400 million) of the whole deal value within the region, followed by Saudi Arabia and Egypt. About 30% of the deals are within E-Commerce, Logistics and Financial Services.
According to the deal count, here are the top 9 industries
- Local Services
- Financial Services
- Food & Beverage