May was a standout month for the MENA region with $289 million raised across 44 deals, marking a 25% increase from April. Egypt led the charge, followed by the UAE and Saudi Arabia.

While fintech remains dominant, the growth in Proptech and Mediatech shows that investor interest is expanding across verticals.

Sector Breakdown
Fintech — $86.5M across 14 deals. Still the most active sector, but no longer the only story.
Proptech — $75M raised, led by Nawy’s sizeable round — a breakout moment for the sector.
Mediatech — $32M raised, reflecting growing interest in digital content and monetisation platforms.
B2B startups — $157M across 29 deals, showing sustained investor appetite for enterprise tools over consumer apps.

Why It Matters
This month’s momentum shows that capital is flowing more consistently, investor confidence is stabilising, and governments are continuing to back innovation at scale. There is growing room for startups across categories — not just in fintech, but across an increasingly diverse range of verticals.