GEOPOLITICS | Magnitt: Middle East Venture Funding Fell 22% in 1H, Deal Count Down 41%

Middle East venture funding fell 22% in the first half of the year, while the number of deals dropped 41%, private capital data platform Magnitt said, according to Bloomberg. Many of the deals were signed before the US-Israel attacks on Iran. Magnitt Chief Executive Officer Philip Bahoshy said the “real test” will come this summer.