Investment recap for November 2023

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In November 2023, global startup funding saw significant activity across various regions, with notable increases in investment amounts and the number of deals. Here’s a recap of the major funding deals and trends observed during the month:

Middle east and north africa (mena)

  1. Total funding: Startups in MENA raised $764 million across 42 rounds, marking a 390% increase month-on-month and a 74% increase year-on-year.
  2. Key deals:
  • Tamara: $250 million in a debt round.
  • Tabby: $200 million in Series D funding.
  • MNT-halan: $130 million in securitized bonds.
  1. Top fundraising countries:
  • Saudi Arabia: $338 million from nine deals.
  • UAE: $284 million across 22 deals.
  • Egypt: $130.5 million from five rounds.
  1. Sector highlights: Fintech led the funding landscape, followed by SuperApps and edtech, which received $41.4 million primarily from Noon.

asia-pacific

  1. General trends: The Asia-Pacific region experienced a pullback in VC investment, with both the number of deals and total investment declining significantly due to rising interest rates and economic challenges.
  2. Notable deals:
  • Changxin Xinqiao: $2 billion funding round for semiconductor manufacturing.
  • Lazada: Another $1 billion round for e-commerce.
  1. Sector focus: Key sectors attracting investment included semiconductors, cleantech, and AI, despite overall declines in funding activity across the region.

europe

  1. Trends: European startups continued to attract significant funding, although specific figures for November were not detailed in the available data. The focus remained on early-stage investments, particularly in tech sectors.

Top funded startups in november 2023

In November 2023, several startups across various regions received significant funding. Here are some of the highest funded startups:

Middle east and north africa (mena)

  1. Tamara: $250 million in a debt round.
  2. Tabby: $200 million in Series D funding.
  3. MNT-halan: $130 million in securitized bonds.

asia-pacific

  1. Changxin Xinqiao: $2 billion funding round for semiconductor manufacturing.
  2. Lazada: Another $1 billion round for e-commerce.

europe

  1. Aakash+Byju’s: Secured the largest funding round of the month, raising a significant sum from billionaire investor Ranjan Pai.
  2. XpressBees and Incred Finance: Also received notable funding.

united states

  1. Vivodyne: $38 million in seed funding from investors including Bison Ventures, CS Venture Opportunities Fund, Kairos Ventures, Khosla Ventures, and MBX Capital.
  2. Dream Security: $33.6 million in startup capital from investors including Michael Eisenberg and Dovi Frances.

The MENA region saw a significant increase in funding, with startups raising $764 million across 42 rounds, a 390% increase month-on-month and a 74% increase year-on-year. Fintech and SuperApps were the top funded sectors in the region.

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