RIYADH: Startup investment across the Middle East and North Africa accelerated sharply in July, with total funding reaching $783 million across 57 deals.
The rise marks a 1,411 percent increase from June and more than double the amount raised in July 2024, positioning the third quarter of 2025 for robust regional growth, according to Wamda’s monthly report.
The increase was driven primarily by two megadeals, highlighting sustained investor appetite for later-stage, high-growth opportunities.
Saudi Arabia led regional funding activity, securing $396.5 million across 16 deals, while the UAE followed with $359 million raised in 22 startups.
The Kingdom’s performance was boosted by three major rounds, including Q-commerce platform Ninja’s $250 million raise led by Riyad Capital, propelling it to unicorn status, foodtech startup Calo’s $39 million series B extension, and SaaS provider Lucidya’s $30 million series B.
