The 50 most funded startups in the Middle East and North Africa for 2021 have raised record investments of nearly $3 billion.

The 50 most funded startups in the Middle East and North Africa for 2021 have raised record investments of nearly $3 billion. The share of the first 10 companies amounted to $1.9 billion. While the UAE hosts about half of the companies on the list, with 22 startups, whose funding reached $1.8 billion, or more than 60% of the total funding, followed by the Kingdom of Saudi Arabia in second place with 12 companies that received funding amounting to $520.4 million, then Egypt with 7 companies. It received financing amounting to $248.6 million.

The financial technology sector dominates with 13 companies, followed by the e-commerce sector with 11 companies. While food technology companies top the list, in terms of the total value of funding, amounting to $874.9 million, thanks to the company (Kitopi), which tops this year’s list, after raising $804 million.

The buy now, pay later services company (Tamara) topped the Saudi companies on the list in terms of funding, after raising $116 million. As for the e-commerce company (MaxAB), it was the most funded company in Egypt with $62.5 million. This year's list also includes 30 newcomers, such as Yassir, a start-up for on-demand transportation and delivery services in North Africa, and the financial technology company PostPay.

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