Bahoshy: Mideast Venture Funding Plunges in 1H
Bloomberg 2026-07-13 06:20:18
Context: Middle East venture funding experienced a significant decline in the first half of the year, with a substantial drop in deal count. According to data from Magnitt, a private capital data platform, the region saw a 22% decrease in venture funding. This downturn occurred before the US-Israel attacks on Iran.
Key Facts
- Middle East venture funding fell by 22% in the first half of the year, as reported by Magnitt, a private capital data platform.
- The actual deal count in the region plunged by 41% during the same period, indicating a substantial decline in venture activity.
- The CEO of Magnitt, Philip Bahoshy, warned that the real test for the region's venture funding will come during the summer, in an interview with Abeer Abu Omar on Horizons Middle East and Africa.