Venture Capital in the Middle East and North Africa ... - Wamda.com
Venture Capital in the Middle East and North Africa ... - Wamda.com
Venture Capital in the Middle East and North Africa ... - Wamda.com
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<strong>Venture</strong> <strong>Capital</strong> <strong>in</strong> <strong>the</strong> <strong>Middle</strong> <strong>East</strong> <strong>and</strong> <strong>North</strong> <strong>Africa</strong> Report9MENA <strong>Venture</strong> <strong>Capital</strong>Investment DataBrad Whittman, KPMGInvestmentsWhile <strong>the</strong> VC <strong>in</strong>dustry <strong>in</strong> <strong>the</strong> region is still relatively nascent, recent trends have seen a significant <strong>in</strong>crease <strong>in</strong> bothdeal activity <strong>and</strong> fund rais<strong>in</strong>g. We note that, given <strong>the</strong> nature <strong>and</strong> size of VC <strong>in</strong>vestments, a significant portion areei<strong>the</strong>r not publically announced or, if <strong>the</strong>y are announced, <strong>the</strong> value of <strong>the</strong> <strong>in</strong>vestment is not. For <strong>the</strong> purposes ofour analysis, we have focussed on transaction volume as opposed to value.Number of VC Transactions s<strong>in</strong>ce 2006Number of TransactionsSource: Zawya Private Equity MonitorThe past two years have seen a significant <strong>in</strong>crease <strong>in</strong> VC-related transactions with 33 transactions <strong>com</strong>pared tojust 16 <strong>in</strong> <strong>the</strong> period 2006 to 2008. This is <strong>in</strong> contrast to <strong>the</strong> private equity <strong>in</strong>dustry as a whole for <strong>the</strong> MENA region,which has seen a reduction <strong>in</strong> deal volume.18
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