UAE-based startups lead MENA region in funding in June, securing

Investment activity in MENA’s startup space slowed down in June 2024, as 38 tech startups raised $116 million, bringing the half-year total to $882 million, a new report suggests.

According to a Wamda research, the amount raised in June declined 59 percent month-on-month, but rose 182 percent when compared to the same period last year. UAE-based startups led the region in funding last month, securing $82.5 million across 15 deals. Egyptian startups followed…