A Decade of MEGA Deals ??

?? A major driving factor for the UAE has been the Mega Deals ($100M+). 2022 is the 10th consecutive year of Mega Deals for the region with $100M+ rounds accounting for as high as 75% of the total funding accumulated in one?year.

?? In the context of H1, a look at the granular data shows that while?H1 funding?is on par with the capital accumulated over the past two halves, in quarterly terms Q2 would have seen a dip in funding for the first time since a record Q4’21 if?Pure Harvest’s $180.5M round is removed.

?? Funding & Acquisition Announcements:

• Omnibiz raises $15M Pre-Series A: Nigeria-based E-commerce and Retail Platform,?Omnibiz, connecting FMCG manufacturers to retailers by digitizing the supply chain stakeholders, has raised $15M Pre-Series A.?
• AgriTech iProcure raises $10.2M Series B: Kenya-based agricultural technology company,?iProcure, has raised $10.2M in a Series B round to grow its input supply network.
• Ghana’s Float acquires Nigeria’s Accounteer: Ghanaian FinTech startup?Float?acquires Nigeria’s?Accounteer?to provide accounting services to small businesses.

???MAGNiTT Spotlight:

?? With the contact details feature, you can get access to contact details of founders of over 80%?of funded?startups?and 85% of investors on the MAGNiTT platform.

?? "Law Firms: The Value of Working with Startups"

?? ICYMI: MAGNiTT's new feature, "Venture Market Map": Navigate the United Arab Emirates (UAE) venture landscape in real-time, and discover the trends of startups and venture funding over the last 6 years.

?? Have a pleasant start to the week, and see you on the next one! (And if you got anything you'd like to share, share with us your stories on our social media:?Twitter???Instagram???Facebook)

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