GCC startup funding drops 38.6% as mega-rounds dry up
GCC venture capital funding fell sharply in Q2 2025, with YTD deal value dropping to $1.45 billion — a 38.6% decline from $2.36 billion the prior year. Deal count nearly halved from 178 to 97. The absence of any mega-rounds in April 2025 contrasts with G42's $1.5 billion outlier in April 2024, though excluding that deal, 2025 actually shows growth. UAE startups led four of the top five deals. Average deal size climbed to $15 million, signaling more selective but larger bets.