MAGNiTT
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Data and intelligence platform tracking startup and VC activity in MENA; source cited for regional VC figures.
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Recent News
AI start-up Mal carries Middle East FinTech in H1 with mega-funding round
Abu Dhabi-based AI start-up Mal raised a $230 million mega-round — about 37% of MENA fintech funding in H1 2026 — helping keep regional headline fintech funding robust despite a sharp drop in deal volumes. Other notable rounds included UAE-based Fasset ($51m) and Saudi rounds led by Madfu ($26m) and Stitch ($25m).
The Gulf Published Its Sports Spending Specification
Gulf sovereign capital (PIF) has refocused sports spending toward asset-backed, fee-generating projects, accelerating venue and privatisation plays while cutting discretionary club and league funding, coinciding with a wider pullback in MENA venture capital.
From founder formation to exits: where MENA’s venture capital journey needs to go next
The article analyses MENA's venture capital landscape, highlighting concentrated funding in Saudi Arabia and the UAE, heavy international participation in later rounds, and the need for deeper domestic late-stage capital and clearer exit pathways. MAGNiTT data and CEO Philip Bahoshy are cited on gaps in stage depth and capital deployment.
Regional conflict drags MENA startup funding down 22%
MENA startup funding fell 22% in H1 2026 to $1.35 billion with deal count down 41%; funding was highly concentrated in a few large rounds (notably CargoX, Mal and CNTXT AI) and early-stage activity slowed markedly.