Saudi startups have secured 58 percent of the total $375 million in funding, in the MENA region, in February.
Startups in the logistics sector raised the most funding in February with $120 million in the region, and the Kingdom’s startup Trukker secured $96 million in its series B round.
Saudi Arabia was also the most active in terms of investor participation with 27 deals, while UAE investors participated in 22 agreements.
The United Arab of Emirates startups raised $77.6 million while Egypt pulled in $70 million.
Together with Saudi Arabia, those three markets amounted to 98 percent of overall funding in the region.
