{"id":564705,"date":"2021-02-22T13:47:39","date_gmt":"2021-02-22T13:47:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/mena-startups-break-records-in-2020-with-256-active-investors\/"},"modified":"2021-02-22T13:47:39","modified_gmt":"2021-02-22T13:47:39","slug":"mena-startups-break-records-in-2020-with-256-active-investors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/mena-startups-break-records-in-2020-with-256-active-investors\/","title":{"rendered":"MENA startups break records in 2020 with 256 active investors"},"content":{"rendered":"

<\/a> A record number of venture capital investors provided finance to MENA-based <\/strong>startups last year<\/strong>, despite the disruption caused by the covid-19 pandemic, according to Magnitt\u2019s 2021 MENA Investor Ranking Report (pdf)<\/a>. Last year saw 256 active investors provide capital to startups in the region, up 19% from 2019, the report said.<\/p>\n

In detail:<\/strong> UAE hosted in 2020 about 22% of active investment companies in MENA, followed by Saudi Arabia with a 19% share. The most active MENA-focused investor in 2020 was 500 Startups<\/a> which is backed by the Bahrain-based 500 Falcons<\/a> fund, taking part in 42 agreements across various industries in the region.<\/p>\n

Fintech was a favorite in 2020:<\/strong> Fintech saw the biggest uptick in demand as a result of the pandemic, with 63 VCs investing in mobile and online payment solutions.<\/p>\n

Accelerators decelerated:<\/strong> Accelerators comprised only 10% of investors in the region last year, down 28% from 2019.<\/p>\n

Corona didn\u2019t disrupt MENA VC flows last year:<\/strong> Venture capital inflows into MENA startups climbed to USD 1 bn in 2020, up from USD 700 mn<\/a> the year before, despite the economic damage and market volatility caused by the pandemic, the startup data platform said in January<\/a>. Egypt held the second-biggest share of venture capital investment, falling behind the UAE, which accounted for a whopping 56% of the total funding amount last year, Magnitt said.<\/p>\n

Egypt accounted for almost a quarter (24%) of the region\u2019s venture capital transactions<\/strong>, coming just short of the UAE\u2019s 26% and ahead of third-placed Saudi Arabia at 18%.<\/p>\n

What does the Enterprise Startup Tracker\u2122 have to say?<\/strong> Our math says nearly 50% more transactions were closed in Egypt last year and that the average transaction was worth about 2x in 2020 it was the year before. Fintech and e-commerce accounted for almost half the 49 transactions we picked up last year. Tap or click here to read our 2020 Review: The year in startups.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A record number of venture capital investors provided finance to MENA-based startups last year, despite the disruption caused by the covid-19 pandemic, according to Magnitt\u2019s 2021 MENA Investor Ranking Report (pdf). Last year saw 256 active investors provide capital to startups in the region, up 19% from 2019, the report said. In detail: UAE hosted […]<\/p>\n","protected":false},"author":1,"featured_media":564706,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10043],"tags":[4184,633,699,345,219,95,123,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-startup-watch","tag-500-startups","tag-enterprisepm","tag-magnitt","tag-mena","tag-saudi-arabia","tag-startup-watch","tag-startups","tag-uae","wpautop","entry"],"acf":{"mongo_id":"e45efd5b-a675-46dd-8121-37255bd413b3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/2\/491.jpg","photo_position":"above","related_issue":[564701],"teaser":"","voice_url":""},"yoast_head":"\nMENA startups break records in 2020 with 256 active investors - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/mena-startups-break-records-in-2020-with-256-active-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MENA startups break records in 2020 with 256 active investors\" \/>\n<meta property=\"og:description\" content=\"A record number of venture capital investors provided finance to MENA-based startups last year, despite the disruption caused by the covid-19 pandemic, according to Magnitt\u2019s 2021 MENA Investor Ranking Report (pdf). Last year saw 256 active investors provide capital to startups in the region, up 19% from 2019, the report said. 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Paymob raised USD 15 mn from existing investors in the second tranche of its series A led by UAE-based Global Ventures, A15, and the Dutch entrepreneurial development bank (FMO). Paymob\u2026","rel":"","context":"In "SPEED ROUND: STARTUP WATCH"","block_context":{"text":"SPEED ROUND: STARTUP WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/374.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599781,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/egypt-fastest-growing-startup-market-in-mena-which-raised-usd-893-mn-in-2018\/","url_meta":{"origin":564705,"position":5},"title":"Egypt fastest growing startup market in MENA which raised USD 893 mn in 2018","author":"enterpriseam admin","date":"10 January 2019","format":false,"excerpt":"Is Egypt the fastest growing startup market in MENA? Egypt is the fastest growing startup ecosystem and the second largest after the UAE, according to start-up platform MAGNiTT\u2019s 2018 Mena Venture Investment Report \u2014 summary (pdf) and full report (paywall). Egypt\u2019s share of total number of seed funding agreements grew\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/1\/2835.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=564705"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564705\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/564701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/564706"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=564705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=564705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=564705"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=564705"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=564705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}