VC BACK IN ACTION? 🔍
💰 It has just been a little over a week since we got back from Eid and it looks like the VC space sprang right back into action. We saw announcements from Tarabut Gateway that closed a $32M Series A round, Qatar’s Snoonu raised $12M, SquatWolf secured $30M in funding, and over in Africa, FinTech Nomba announced that it has raised $30M in a Pre-Series B round.
🚀 This is a welcome round of announcements for the VC ecosystem after a very soft entry into 2023. To put things into perspective, at least for the MENA region, these past few days of May have raised more than 265% of all the funding raised in the entire month of April!
🤔 But as we venture into the peak summer months, it is likely that VC activity will slow down again...
📊 This Week's Insights and Charts:
🚨 We write more about how previous downturns and recessions have impacted startups and some similarities & differences with the current slowdown.
🇸🇬 This piece covers some of the key reflections from Philip Bahoshy's latest trip to Singapore.
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🤖 In this article, we cover how individual nations in MENA are impacted by AI and which startup industries are expected to adopt AI at a faster pace.
🧲 MAGNiTT Highlights
🎙️ Our Business Development Executive, Kapil Ramani , is here to showcase the various features that MAGNiTT offers to help legal firms achieve their goals. From comprehensive directories to invaluable contact details, exports to advanced analytics, and geo-benchmarking tools to industry analysis.
Aaand that's a wrap 🌯! Reach out on social media with your feedback, suggestions, and love: Twitter ◌ Instagram ◌ Facebook
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Sales Associate at American Airlines
1yGreat opportunity