Cbinsights-风险状况2023年第3季度报告：中东和北非（英）-2023-13页

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State of

Venture

.MENA.Q3 2023

Data and analysis on dealmaking, funding, and exits by private

market venture companies in the Middle East & North Africa.

TLDR

State of Venture Q3’23: Middle East & North Africa

MENA funding continues to slow down in

Q3’23. But other indicators are looking up.

-24%

QoQ funding drop in

Q3’23 —the third

straight decrease.

Dealmaking continued to

slow down in MENA. Funding

dropped 24% QoQ to hit

$340M in Q3’23, marking the

region’s third straight

quarterly funding drop.

Despite the broader

decrease, fintech

experienced a 56% funding

jump QoQ, while digital

health saw funding rise from

$2M to $15M over the same

period.

37%

United Arab

Emirates funding

share in Q3’23.

Among evaluated countries,

the UAE secured the most

funding in Q3’23, drawing

$127M across 29 deals.

However, both totals

represent a QoQ decline.

Competition for funding

among MENA countries

remains strong. The UAE,

Saudi Arabia, and Turkey

have all taken turns leading

the region in quarterly

funding since 2022.

$30M

Median deal size

for late-stage deals

in 2023 YTD.

Late-stage deals are holding

strong in MENA. While early-

and mid-stage deal sizes are

down vs. 2022 levels, median

late-stage deal size is up

200% in 2023 YTD.

Still, late-stage deals have

only accounted for 5% of

deals in 2023 so far. The vast

majority (85%) of deals have

been early-stage in 2023 YTD

—and the median deal size

at this stage is down 17% vs.

2022.

Months from Series

B to C. Mid-stage

fundraising is

quickening.

Mid-stage companies are

raising faster in 2023 YTD vs.

2022. The median number of

months between Series B

and C rounds in MENA sits at

19 in 2023 YTD, down from

22 in 2022.

However, it’s taking longer

for startups to reach mid-

stage status. The median

number of months from

Series A to B rose from 19 to

40 over the same period.

M&A deals in Q3’23,

a 46% drop QoQ.

After holding steady in Q2’23,

M&A deals fell by 46% QoQ

to hit 13 in Q3’23. This marks

a 67% drop from its peak of

39 deals in Q1’22.

Companies in major MENA

dealmaking countries (i.e.,

Saudi Arabia, the UAE, and

Turkey) were involved in

region’s biggest M&A deals

in Q3’23. Two Turkey-based

companies secured top M&A

deals: one in HR tech and

one in online research.

$0.7B

$0.3B

$0.1B

$0.2B

$0.3B

$0.5B

$0.3B

$0.2B

$1.1B

$1.2B

$1.9B

$0.7B

$2.2B

$1.2B

$0.5B

$1.3B

$1.0B

$0.4B

Funding

$0.3B

114

139

112

113

121

170

206

182

208

247

181

146

188

176

159

Deals

110

100

150

200

250

300

$0.0B

$0.5B

$1.0B

$1.5B

$2.0B

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2019 2020 2021 2022 2023

Funding

QoQ

Deals

QoQ

24% -31%

MENA funding and deals decline for third straight quarter

Disclosed equity funding & deals

State of Venture Q3’23: Middle East & North Africa

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摘要：

StateofVenture.MENA.Q32023Dataandanalysisondealmaking,funding,andexitsbyprivatemarketventurecompaniesintheMiddleEast&NorthAfrica.TLDRStateofVentureQ3’23:MiddleEast&NorthAfricaMENAfundingcontinuestoslowdowninQ3’23.Butotherindicatorsarelookingup.-24%QoQfundingdropinQ3’23—thethirdstraightdecrease.Dealm...

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