MAGNiTT
About
Data and intelligence platform tracking startup and VC activity in MENA; source cited for regional VC figures.
Founders
Recent News
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.
UAE Startup Ecosystem Guide: Funding & Growth in 2026
The UAE attracted over $3.5 billion in VC in 2026 with hubs like Hub71 and DIFC FinTech Hive scaling support for startups; government incentives, free-zone tax treatments and accelerator pilots are driving selective scaling.