Morocco Climbs to Fourth Place in MENA Startup Funding Rankings
The North African country jumped to fourth place in regional entrepreneurial funding, surpassing Egypt and proving its potential as an emerging technology center.
Morocco's strategic advance came through a $7.5 million funding round raised by Ora Technologies. While modest in absolute terms, this deal pushed Morocco into the MENA top five rankings compiled by the Wamda platform and Digital Digest magazine
The country now sits ahead of Egypt, which dropped in rankings due to macroeconomic tensions and currency instability.
This performance shows Morocco's growing appeal to regional and international investors, particularly in high-potential technology sectors. The funding round signals a shift in perception: Morocco no longer sits on the periphery but actively attracts significant investment in innovative fields.
Record month for MENA Startups
July 2025 proved exceptional for startup funding across the MENA region. Fifty-seven startups raised a combined $783 million, marking a 1,411% increase from the previous month and more than double the amount recorded in July 2024. Two mega-deals drove this surge: e-commerce company Ninja and deeptech firm XPANCEO together accounted for 56% of the monthly total.
In the ranking, Saudi Arabia maintained its regional leadership position with $396.5 million raised across 16 deals. The UAE followed with $359 million spread among 22 startups. Iraq surprised observers by claiming third place through a single $15 million deal for InstaBank.
Morocco secured fourth position, while Egypt fell to fifth place with only $4 million raised across seven startups.
Seven months into 2025, MENA startup funding has already exceeded the entire 2024 total. This momentum confirms the regional ecosystem's maturation and shows investment diversification beyond traditional hubs.
The emergence of markets like Iraq and Morocco in the rankings reflects investors' evolving priorities as they balance immediate scalability with long-term potential.
Morocco's top-five positioning demonstrates its ability to integrate into this dynamic ecosystem — one that is rapidly expanding, making its way to the top 10 African startup ecosystems according to the Global Startup Ecosystem Index 2025. Tags: Moroccan startupsMoroccoStartups ecosystemStartups in Morocco
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