Although new opportunities are appearing in other geographies, the US is still the largest and most mature VC market in terms of the number of deals and exits. However, more and more US investors are looking at new markets, setting local scouting programs, and collaborating with local decision-makers. In this context, the Southeast Asian and MENA markets are proving with actions and numbers to be attractive places to switch startups’ attention, believes Dina Karakash
, Portfolio Manager at The Internet Initiatives Development Fund (IIDF)
, who oversees this geographical track.
Total VC investments in MENA count around CEE (both are somewhat around $1 billion) while SEA is around 8х ahead – more than $8B in deals closed as of 2020. Leading countries in MENA are UAE, Egypt, Saudi Arabia.