Total technology industry venture financing deals worth $492.3m were announced in Middle East and Africa in November 2022, led by $150m venture financing of Fenix Games, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked a decrease of 1.1% over the previous month of $497.72m and a drop of 50.2% when compared with the last 12-month average of $989.3m.

Middle East and Africa held a 5.80% share of the global technology industry venture financing deal value that totalled $8.49bn in November 2022. With a 1.88% share and deals worth $159.9m, Israel was the top country in Middle East and Africa’s venture financing deal value across technology industry.

In terms of venture financing deal activity, Middle East and Africa recorded 49 deals during November 2022, marking an increase of 13.95% over the previous month and a drop of 26.87% over the 12-month average. Israel recorded 17 deals during the month.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Middle East and Africa technology industry venture financing deals in November 2022: Top deals

The top five technology industry venture financing deals accounted for 57.9% of the overall value during November 2022.

The combined value of the top five technology venture financing deals stood at $285m, against the overall value of $492.3m recorded for the month.

The top five technology industry venture financing deals of November 2022 tracked by GlobalData were:

1) Cypher Capital and Phoenix Group’s $150m venture financing deal with Fenix Games

2) The $50m venture financing of Beekeeper by Alpana Ventures, Energize Ventures, Expara Ventures, Keen Venture Partners, Kreos Capital IV, Swisscanto Invest, Thayer Fund VI and Verve Capital Partners

3) Alpha Wave Ventures and Nokia Growth Partners’s $33m venture financing deal with Dataloop

4) The $32m venture financing of Ramani by Flexcap Ventures Management and Jared Schreiber

5) Knollwood Investment Advisory and Valar Ventures’s $20m venture financing deal with Baraka Financial