Rabat – The MENA startup scene recorded a sharp recovery in August, with startups across the region raising $375 million. Yet the headline figure hides a less encouraging reality for North Africa: Morocco, Egypt, and Tunisia did not record a single deal during the month.
According to data from Wamda and Digital Digest, 27 startups secured funding in August. The total marked a strong rebound, but most of the capital came from just a few large transactions. The biggest was a $250 million Series C round for mobility startup Moove,…
