Rabat — Startup funding across the Middle East and North Africa (MENA) plummeted in October after an exceptional September, but Morocco proved it can weather the storm.
The North African country secured $12.3 million across three deals, cementing its position as a reliable player in a region where consistency often takes a backseat to mega-deals.
According to data from Wamda, MENA startups raised $784.9 million across 43 transactions in October — a staggering 77% drop from September’s $3.5 billion haul.
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