CHRIS­TOS MAS­TORAS I MAN­AG­ING PART­NER I ILIAD PART­NERS

Arabnet - The Quarterly - - Entrepreneurship -

The MENA startup ecosys­tem is nascent but has come a long way in the last few years. It is only nat­u­ral for this to take time. The sup­port sys­tem around star­tups is now de­vel­op­ing at a faster pace - fund­ing, in­cu­ba­tors and ac­cel­er­a­tors, men­tor­ship, and all the pieces of the puzzle are com­ing to­gether grad­u­ally. The range of exit op­tions are ex­pand­ing: global play­ers seek­ing to ex­pand their foot­print to MENA and lo­cal groups seek­ing to dig­i­tize and ac­cess in­no­va­tion, both via ac­qui­si­tion as well as via a now more ac­tive se­condary mar­ket. We have seen some sig­nif­i­cant ac­tiv­ity in re­cent years such as the ac­qui­si­tion of Souq.com by Ama­zon, and Fetchr rais­ing the largest Se­ries B round in MENA thus far led by Sil­i­con Val­ley-based VC New En­ter­prise Associates (NEA).

Newspapers in English

Newspapers from Lebanon

© PressReader. All rights reserved.