After painstaking research, many phone calls, emails and tweets, the 2016 Periodic Table of Tech in MENA is here!

[Scroll to the end to view the chart in high-res]

Some key highlights from the chart:

  • BECO Capital’s proprietary research shows that there are 116 private players operating in the VC sector in the region, up almost 24% from last year’s tally of 92. This year, there has been growth across the board in all but two classifications: Micro VCs and Tech Acquirers.
  • Last year’s acquisitions were part of a wave, but this year the growth is of a different nature as startups look to expanding into new and neighboring markets. This reduction is counterbalanced by the introduction of Family Offices, who as we see it, are now participating as strategic investors.
  • We have seen new players emerge which is exciting, with new entrants from Palestine and Saudi Arabia. The growth we are seeing is attributed to both the availability of talent and capital.
  • The number of incubators and accelerators in the region has almost doubled. With an increasingly robust platform for startups in the region to experiment, iterate quickly and establish themselves, this has facilitated a pipeline for investors across the region.
  • The updated chart features a new classification: Family Offices. The inclusion of this segment is somewhat unique to the MENA region, as these entities have typically invested in traditional asset classes.
  • International VCs have continued to converge on the region, having already started investing in some tech companies. However, our expectation will be continued interest and investment as the market matures and local VCs have established their track records with unicorns in the making and exits thereof.
  • We still believe that the market will trend to consolidation, with the best performing VCs raising the majority of future funds deployed to this sector.

Glossary

MENA VC Funds (24)
Venture capital funds based in MENA, investing or intending to invest in MENA, active in the last 12 months. (Iran and Turkey are not considered for the purposes of this chart)

Corporate VC Firms (14)
Venture Capital arms of corporate entities, investing or intending to invest in MENA, active in the last 12 months. (Iran and Turkey are not considered for the purposes of this chart)

International VC Firms (11)
Venture capital funds based outside of MENA, actively investing or intending to invest in MENA.

Family Offices (3)
Family-controlled investment groups based in MENA, investing or intending to invest in MENA, active in the last 12 months. (Iran and Turkey are not considered for the purposes of this chart)

Growth/Late Stage (5)
Investment firms providing capital at a later stage of growth, active in the last 12 months.

Incubators/Accelerators (21)
Seed investment firms providing seed capital to and accelerating batches of entrepreneurial teams in MENA, active in the last 12 months. (This classification does not include co-working spaces that do not also provide the support of an accelerator or incubator)

Micro VCs (4)
Venture capital funds investing in smaller tickets in between the seed and Series A stages, active in the last 12 months.

Angels (12)
High-net-worth individuals investing their personal money, active in the last 12 months.

Angel Groups (12)
Groups of high-net-worth individuals investing their personal money in syndicates, active in the last 12 months.

Tech Acquirers (10)
Corporations in the tech sector or with significant interests in the technology spaces acquiring startups on a regular basis, active in the last 12 months.

Entity Rebrands:

  • OT Ventures (Ot) is now A15 (A1)
  • Y Ventures (Yv) is now B&Y Venture Partners (By)

For media enquiries, corrections, or requests to interview our partners, please contact Serene Touma
.

(Click on the image below for a high-res version of the chart)

Beco-Capital-Investor-Table_September2016