MENA startups raise $173 million in July 2026 as Saudi Arabia regains the lead
MENA startup funding rose modestly in July 2026, but the rebound was largely debt-driven, with equity investment remaining subdued. Startups across the Middle East and North Africa raised $172.6 million across 45 deals during the first month of the second half of 2026, up 16% from June but still 78% below the amount recorded in July last year . The monthly increase therefore offers only a partial…
MENA startups raised a total of $173 million in July 2026, with Saudi Arabia regaining the lead in the region. Debt accounted for 56% of total funding, with Saudi Arabia raising $106.6 million across 16 transactions, accounting for nearly 62% of the month's total funding. E-commerce, govtech, and super apps were the top sectors by investment, while fintech and proptech remained active despite smaller cheque sizes. Early-stage startups dominated both deal value and volume, with 33 early-stage startups raising $49 million.
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