Contrarily, 2020 has so far seen over 10 deals take place.Īs one of the oldest startup and venture capital ecosystems in the region, Lebanon has dealt with a tumultuous past few years, from political protests, a falling economy, social unrest, and the recent explosion in Beirut, aligning with the COVID-19 crisis, the country, as well as its startup space have been affected in a variety of ways.
MAGNiTT's 2019 Lebanon Venture Investment Report revealed that Lebanese startup deals jumped 18% from 2018 to 2019 to 45 deals and while the number of investments has gone up, they are mainly at the early-stage ( 79%), with big-ticket later-stage investments remaining stagnant.
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