A breakdown of Mena exits in 2021
Last year, 39 startups based in the Middle East and North Africa (Mena) exited, through both acquisitions and mergers. Most were based in the UAE (17) and Egypt (11), two countries that have the more dynamic and mature eocystems. The majority of acquirers were also based in the UAE, followed by the US and Egypt. Sector-wise, it was startups in the foodtech, namely cloud kitchens, e-commerce and media sectors that were the primary targets for acquisitions.