MAGNiTT publishes 2023 Emerging Venture Markets Report.

KARACHI -- MAGNiTT, the largest verified data platform tracking venture capital investments across emerging markets, has released the 2023 edition of its annual Emerging Venture Markets Report. The report continues MAGNiTT's tradition of analysing and comparing VC investments in technology startups headquartered in the Middle East, Africa, Pakistan, and Turkey (MEAPT) region. Topline data from MAGNiTT's latest report reveals sustained levels of funding - exceeding $7 billion for the second year in a row - and a steady number of transactions in MEAPT, driven by a record first quarter in 2022. However, further analysis shows a decline in funding and deals in subsequent quarters - in line with a worldwide pullback in venture investing - reflecting caution by VCs as a result of...