Venture capital funding in the Middle East and North Africa (MENA) region reached US$3 billion in the first nine months of 2025, overtaking Southeast Asia for the first time, according to data platform Magnitt.

The total was raised across 469 deals, more than doubling year-on-year and already exceeding the region’s full-year 2024 tally.

Q3 2025 marked MENA’s strongest quarter on record, with US$1.2 billion invested, supported by large rounds such as XPANCEO’s US$250 million and Airalo’s US$220 million, both based in the UAE.

Saudi Arabia recorded the highest number of deals at 173, while the UAE received the most capital at US$1.4 billion.

🔗 Source: Magnitt