Investors in North Africa and the Middle East with top 11 the biggest sum of funding rounds in Virtual Currency industry over the last 3 years

Intro

We present some on the the top 11 investors according to the total money raised in the funding rounds. These are VC funds and corporate investors in North Africa and the Middle East that have invested in Virtual Currency industry over the last 3 years.
Virtual currency is an electronic representation of value and can be traded or used as payment. It includes cryptocurrencies like bitcoin and etherium.

The amount of money raised in Virtual Currency funding rounds is $442.5M, which is 0.8% of the total amount of money raised in rounds in North Africa and the Middle East over the last 3 years.

Investors in North Africa and the Middle East with top 11 the biggest sum of funding rounds in Virtual Currency industry over the last 3 years
data provided by Unicorn Nest

Key takeaways

• Funds Geography – The most common country among top VCs is Israel which hosts 7 funds. There are also funds from United Arab Emirates, Turkey and Saudi Arabia. There is an equal amount of VCs in Tel Aviv and Herzliya which host 3 funds each. Funds from Dubai and Ramat Gan are also present on the list. These VCs tend to invest in startups from The United States, but also invest in startups from Israel, United Arab Emirates, and Turkey. For 4 funds in the sample, the country of the funds’ establishment and the country of their most frequent investments coincide.
• Industry Focus – The funds’ most common field for investments is Finance. And they also invest in Gamification, Medical Service and Insurance.
• Important Years – The oldest fund in the sample was founded in 1961 and the youngest one in 2018. most funds were founded in 2013. VCs in the sample made the most deals in the period from 2007 to 2020. For some funds, 2019 was the year that brought most amount of deals. The peak for successful exits was year 2019. 2021, 2020, and 2010 are the runner ups.
• Investments – Usually VCs take part in 2 funding rounds per year, sometimes in 7 – 12. The minimum number of funding rounds for VCs in the sample is 9, the maximum is 312. Average number of funding rounds is 81.6 while median is 47.0. The most common amount of funding rounds for VCs in the sample is 9. Minimum amount of lead investments for funds is , not surprisingly, 0 and maximum is 43. Average amount of lead investments is 9.4 while median is 3.0. The most common amount of lead investments is 0. Index of difference in percentage points of lead investments from the average is between -15.68 and 29.0 for funds in the sample. The average value for this difference is 15.12 and the median is 22.55. All that means that these funds act as lead investors more often than other funds. The most common value is 29.0.
• Typical Rounds – The most common investment stage for funds in the sample is Early stage. Seed, Late and Secondary Market stages are less common. VCs usually participate in rounds with 3 – 4 investors. Less often in rounds with 4 – 5 investors. The most common round size for VCs in the sample is 10 – 50 million. Less common range is less than 100 thousands. A Funds’ average multiplicator for portfolio companies at the last known valuation is close to zero at minimum and 7.51 at maximum. Average value for this multiplicator is 1.7 and median is 0.6. The most common multiplicator value is close to zero.