Egypt leads MENA in startups' raised funds in December: Wamda

Egypt was followed by the UAE and Saudi Arabia, which secured $31.8 million and $31.7 million, respectively, according to the report.

In total, MENA’s startups raised $125 million over 38 deals in December, bringing the total amount raised in 2022 to $3.6 billion with a growth of 13 percent compared to 2021 over 628 deals, added the report.