{"id":673669,"date":"2025-10-16T00:00:00","date_gmt":"2025-10-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/16\/local-startup-funding-dips-37-y-o-y-during-9m-2025\/"},"modified":"2025-10-16T00:00:00","modified_gmt":"2025-10-16T00:00:00","slug":"local-startup-funding-dips-37-y-o-y-during-9m-2025","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/16\/local-startup-funding-dips-37-y-o-y-during-9m-2025\/","title":{"rendered":"Local startup funding dips 37% y-o-y during 9M 2025"},"content":{"rendered":"

Startup funding in Egypt fell 37% y-o-y in 9M 2025, coming in at just USD 202 <\/strong>mn<\/strong>, according to Magnitt\u2019s 3Q 2025 Emerging Venture Markets report seen by EnterpriseAM. The fall in value was also reflected in a fall in transaction count, down 24% over the same period to 53.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

But it was a different story for our Gulf neighbors<\/strong>, with the UAE seeing the total value of funding increasing 188% to USD 1.4 bn and Saudi Arabia seeing a 158% y-o-y jump in funding to USD 1.3 bn. <\/p>\n

Driving the fall in Egypt was a fall in big ticket funding rounds<\/strong>, with the USD 157.5 mn<\/a>Halan<\/a>round<\/a> during 9M 2024 having an important impact on the numbers, Magnitt CEO Philip Bahoshy told EnterpriseAM. If you exclude big-ticket rounds, funding is actually up 25% y-o-y, he explained. Egyptian series A rounds had a good start to the year,<\/strong> rising 76% to 67.7 mn in 9M 2025. Driving this was USD 52 mn raised by Nawy<\/a> and another USD 15.7 mn raised by Sylndr<\/a>. Excluding big rounds, funding has risen consistently over the last three 9M periods, Bahoshy added.<\/p>\n

Weighing on VC activity is \u201cpersistently high inflation and continued currency <\/strong>depreciation<\/strong>,\u201d which is limiting USD returns for those abroad and reducing liquidity in early-stage rounds \u2014 the primary market for the local VC scene \u2014 Bahoshy told us. This resulted in 11 less early stage transactions from the year before, with once active local investors now reducing their activity significantly, which illustrates the \u201csector-wide caution.\u201d<\/p>\n

Across the region as a whole, MENA startups raised over USD 3 bn across 469 <\/strong>transactions by the end of <\/strong>September <\/strong>\u2014 that\u2019s more than double last year\u2019s total and, for the first time, surpassing the longtime emerging market leader Southeast Asia, which trailed with USD 2.5 bn, according to a statement (pdf)<\/a> from Magnitt. The third quarter was MENA\u2019s strongest on record, with USD 1.2 bn raised, up 259% y-o-y. This suggests a \u201cpotential shift in global capital allocation,\u201d though a longer period is needed to confirm a permanent trend, Bahoshy told us. <\/p>\n

The UAE commanded the top spot for total funding<\/strong>, soaring 188% y-o-y to USD 1.43 bn across 164 transactions. KSA and the UAE together accounted for more than 90% of total regional funding. Meanwhile, Turkey\u2019s funding grew 50% to USD 428 mn.<\/p>\n

Mega rounds \u2014 over USD 100 mn \u2014 drove more than half the total value in the third <\/strong>quarter<\/strong>, led by the UAE\u2019s XPANCEO (USD 250 mn), Airalo (USD 220 mn), and Saudi Arabia\u2019s Hala (USD 157 mn). Still, non-mega activity has been showing sustained quarterly growth since 3Q 2024, signaling \u201ca deepening pipeline rather than short-term concentration,\u201d Bahoshy told us. This was underscored by a maturing mid-stage, with series A and B funding surging 205% y-o-y to USD 1.4 bn in the first nine months. The early-stage pipeline also remains robust, with pre-seed deals rising 30% y-o-y, signaling a healthy influx of new founders.<\/p>\n

The fintech sector remains in the lead<\/strong>, attracting USD 965 mn (up 97% y-o-y) and representing over a quarter of all transactions. Growth was supported by open banking frameworks, major regional events, and large Saudi tickets. Enterprise software also gained momentum, rising to USD 320 mn across 52 transactions, up from USD 70 mn across 44 in the same period last year.<\/p>\n

Merger and acquisition activity doubled to 40 transactions in the first nine months of <\/strong>2025<\/strong> \u2014 a three-year high and a sign of a \u201chealthier, more liquid ecosystem,\u201d Bahoshy said. Exits were concentrated in the UAE (15) and Egypt (13), due to their mature buyer bases and ecosystems. However, \u201cthe exit challenge is more acute in the UAE and Egypt than it is in Saudi Arabia,\u201d as the more mature startups in both countries are on the search for liquidity to survive the global extension of the average 7-year path to an exit, according to Bahoshy.<\/p>\n

Magnitt expects the remaining months of 2025 to see \u201csustained momentum and <\/strong>measured optimism<\/strong>,\u201d bolstered by continued public-private collaboration and institutional capital flowing into emerging markets.<\/p>\n

The region as a whole bucked global trends<\/strong>, as emerging venture markets saw a 6% y-o-y decline in funding to USD 6.56 bn. Southeast Asia was hit hard with a 48% decline to USD 2.5 bn, logging its weakest quarter in seven years.<\/p>\n","protected":false},"excerpt":{"rendered":"

Across the region as a whole, MENA startups raised over USD 3 bn across 469 transactions<\/p>\n","protected":false},"author":1,"featured_media":673670,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7258],"tags":[72,125,699,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-673669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-investment-watch","tag-magnitt","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"44b94de4-2351-4f39-a73a-74fc9e0f206a","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/505.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian startup funding dips 37% y-o-y during 9M 2025","related_issue":[673650],"teaser":"Across the region as a whole, MENA startups raised over USD 3 bn across 469 transactions","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.42e8237e-418c-41e8-b3a9-8f7de27d70ba.mp3"},"yoast_head":"\nLocal startup funding dips 37% y-o-y during 9M 2025 - 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Egypt\u2019s VC funding inflows jumped 31% y-o-y in 2020, helping it to increase\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/144.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566712,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/08\/eight-egyptian-startups-raise-usd-52-mn-in-june\/","url_meta":{"origin":673669,"position":1},"title":"Eight Egyptian startups raise USD 52 mn in June","author":"enterpriseam admin","date":"8 July 2021","format":false,"excerpt":"Egyptian startups were the second highest recipients of funding in MENA in June, with eight businesses raising USD 52 mn, according to Wamda. The majority of that figure comes from Trella\u2019s USD 42 mn funding round co-led by Maersk Growth that was closed late last month. The Trella financing was\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568717,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/02\/egypt-leapfrogs-south-africa-nigeria-in-startup-funding-transactions\/","url_meta":{"origin":673669,"position":2},"title":"Egypt leapfrogs South Africa, Nigeria in startup funding transactions","author":"enterpriseam admin","date":"2 February 2020","format":false,"excerpt":"Egypt leapfrogs South Africa, Nigeria in startup investments: Total startup funding in Egypt in 2019 rose 215% y-o-y to hit USD 211 mn, according to Partech Africa\u2019s 2019 report (pdf). Egyptian startups attracted the third-highest number of investments in Africa in terms of volume and value. Egypt surpassed South Africa\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\/2020\/2\/11.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594273,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/egypt-is-the-second-most-active-fintech-startup-hub-in-mena-but-still-receives-little-funding-report\/","url_meta":{"origin":673669,"position":3},"title":"Egypt is the second most active FinTech startup hub in MENA, but still receives little funding -report","author":"enterpriseam admin","date":"24 October 2019","format":false,"excerpt":"STARTUP WATCH- Egypt is the second most active FinTech startup hub in MENA, but still receives little funding: Egypt\u2019s share of 51 disclosed fintech startup funding agreements closed in the MENA region in the first nine months of the year grew to 27%, or about 13 agreements, from only 13%\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\/10\/55.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567102,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/13\/mena-startups-break-records-in-2019-egypt-top-country-by-number-of-agreements\/","url_meta":{"origin":673669,"position":4},"title":"MENA startups break records in 2019, Egypt top country by number of agreements","author":"enterpriseam admin","date":"13 January 2020","format":false,"excerpt":"Egypt was the most active venture capital market in MENA last year with 25% of all transactions in the region, according to startup platform Magnitt\u2019s 2019 MENA Venture Investment Report. Egypt\u2019s share of total number of seed funding agreements fell 1% y-o-y, but the UAE, which topped the ranking in\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\/2020\/1\/583.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560798,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/nowpay-joins-us-accelerator-y-combinators-winter-2021-cycle\/","url_meta":{"origin":673669,"position":5},"title":"NowPay joins US accelerator Y Combinator\u2019s winter 2021 cycle","author":"enterpriseam admin","date":"14 March 2021","format":false,"excerpt":"Egyptian fintech startup NowPay has joined US startup accelerator YCombinator\u2019s Winter 2021 funding cycle, Digital Boom reports. The startup will receive USD 125k as well as three months of intensive mentoring, culminating in a demo day to an audience of potential investors and collaborators.The payroll management company was created by\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/673669","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=673669"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/673669\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/673650"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/673670"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=673669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=673669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=673669"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=673669"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=673669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}