Egyptian startups collecting largest number of investment deals reflect market opportunities: ITIDA

Egyptian startups collecting largest number of investment deals reflect market opportunities: ITIDA

Comments Off on Egyptian startups collecting largest number of investment deals reflect market opportunities: ITIDA. According to MAGNiTT's " 2019 MENA Venture Investment Report" report, Egypt saw a new record of 564 investments in startups in the MENA region, totalling $704m.. According to the report, 2019 saw $15m in funds in 5 deals, which means that total financing increased at a compound annual growth rate (CAGR) of 47% and deals increased at a CAGR of 60% over the past decade.. The region made a quantum leap in just 10 years.. MAGNiTT provides a deep analysis of the entrepreneurial climate and emerging projects in the MENA region..