A total of 118 Private Equity/Venture Financing deals (pending and completed) were announced in the Technology, Media and Telecom of the Middle East and Africa region, driven by ECommerce, in the last twelve months resulting in a total deal value of over $1,819.4 million. In the LTM period, December 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $258.4 million, resulting in an average deal value of $32.3 million during that month. On the other hand, the month of June 2021 was the most prolific in terms of deal volume, recording a total of 14 deals, resulting in an average deal value of $13.4 million during that month.
Of the 118 deals, the deal secured between Endeavor Catalyst; Prosus NV; Sequoia Capital India; STV - Saudi Arabia and Foodics, was the largest Private Equity/Venture Financing deal in the Middle East and Africa Technology, Media and Telecom sector driven by ECommerce, which was valued at $170.0 million and was completed on April 20, 2022. The second-largest deal was between 4DX Ventures; Avenir Growth Capital; Binny Bansal; Jam Fund; Quona Capital Management, Ltd.; Sujeet Kumar; Tiger Global Management LLC; VNV Global AB and Sokowatch Inc., while the third-largest deal was between Cadenza Ventures; CDC Group Plc.; CMT Digital Ventures LLC; Coinbase Ventures; Endeavor Catalyst; Global Founders Capital Management GmbH; International Finance Corp; JIMCO Technology Fund; Kleiner Perkins; Middle East Venture Partners LP; MSA Capital; Novastar Ventures Limited; Paradigm Ventures; ParTech (France); Sahel Capital and Rain Management WLL; TradeDepot Inc.. The 4DX Ventures; Avenir Growth Capital; Binny Bansal; Jam Fund; Quona Capital Management, Ltd.; Sujeet Kumar; Tiger Global Management LLC; VNV Global AB-Sokowatch Inc. deal and the Cadenza Ventures; CDC Group Plc.; CMT Digital Ventures LLC; Coinbase Ventures; Endeavor Catalyst; Global Founders Capital Management GmbH; International Finance Corp; JIMCO Technology Fund; Kleiner Perkins; Middle East Venture Partners LP; MSA Capital; Novastar Ventures Limited; Paradigm Ventures; ParTech (France); Sahel Capital-Rain Management WLL; TradeDepot Inc. deal were valued at $125.0 million and $110.0 million, respectively. The fourth-largest deal was between AfricInvest Group; Chuangshi Capital; Trust Capital; Yunshi Capital-Palm Pay Ltd valued at $100.0 million, whereas the deal between Endeavor Catalyst; MSA Capital; Raed Ventures; Rocketship VC; Sanabil Investments; STV - Saudi Arabia; VentureSouq; Wafra International Investment Company-Sary Information Technology Co valued at $74.8 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $615.0 million and accounted for nearly 33.80% of the total deals (by value) announced during the last twelve months. The Middle East and Africa region accounted for 2.11% of the total Private Equity/Venture Financing deals done globally, and accounted for 6.73% of the total deal size on a global scale.
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