- January 22, 2024
EPISODE #
#66: A deep dive into MENA venture capital trends with Philip Bahoshy
About this episode
I chat with Philip Bahoshy, the CEO of MAGNiTT, about the dynamic tech startup scene in the MENA region after a turbulent 2023. We delve into how recent economic shifts affect venture capital and discuss the current trends and 2024 predictions for venture capital in MENA, including the impact of new funding from Saudi Arabia, the resulting high demand for startups and the rise of startups like Tabby and Tamara to unicorn status. We also speculate on potential 2024 IPOs and ponder if MENA startups will pivot from the first layer of digital transformation into more ‘deep tech’, similar to trends in markets like Singapore. We discuss the context behind the numbers and share a cautious optimism for 2024.
This episode is supported by Capital.com, an award winning global investment platform. For seasoned as well as new traders, Capital.com provides competitive transparent pricing, 24 hour support, news, analysis and a knowledge hub with in-depth courses that help its customers make informed investment decisions.
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guest profile
Philip Bahoshy
Philip Bahoshy is the founder and CEO of MAGNiTT, the first venture data platform serving founders and investors across emerging markets. Raised in the UK with Iraqi origins, Philip obtained an MBA from INSEAD in 2013 and a BSc in Economics from the London School of Economics.
During his time in Dubai, Philip worked at Oliver Wyman in the Financial Services practice for three years, followed by nearly three years at Barclays Wealth working as Chief of Staff to the CEO, advising on strategic initiatives.
Philip has lived in the UAE for more than twelve years and is passionate about developing and cross-pollinating entrepreneurship ecosystems across emerging markets.