The startup ecosystem in the Middle East and North Africa (MENA) experienced a significant slowdown in December 2024, securing $279 million across 42 deals.
While this represents an 8% increase from the previous month (November 2024), it represents a steep 76% YoY decline compared to the same period last year [2023].
FUNDING | #MENA Startups Raise $258 Million Funding in November 2024, $1.5 Million in #Web3
E-commerce emerged as the top-performing sector with seven startups collectively raising $104 million.https://t.co/dRyny4Pdqx pic.twitter.com/kMhghKcnBV
— BitKE (@BitcoinKE) December 10, 2024
The majority of…
