Startup wrap — Early stage funding momentum, IPO plans continue in MENA region

RIYADH: Startups operating in the Middle East and North Africa witnessed multiple funding rounds across various sectors last week, even as the conflict in Iran continued to rattle the market. This momentum builds on the record $7.5 billion funding received by startups in 2025, representing a 225 percent increase compared to the previous year, according to Wamda data. In February, startups across the MENA region raised a combined $326.6 million across 62 deals, reflecting rising investor appetite despite global economic uncertainties.

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