FY2024 EVM Venture Investment Summary (MAGNiTT)

Summary

• Total funding across Emerging Venture Markets (EVM) dropped by 40% YoY to $9,124M in FY2024p.6
• Total deal count across EVMs decreased by 20% YoY to 1,527 deals in FY2024p.6
• FinTech remained the top industry by funding in EVMs, securing $3,976M across 322 dealsp.7
• Singapore was the top country by funding across EVMs with $3,436M, despite a 53% YoY dropp.7
• General Atlantic deployed the highest estimated capital across EVMs in 2024 at $533Mp.7
• Antler was the most active investor by deal count in EVMs, closing 75 deals in 2024p.7
• Total exits across EVMs fell by 32% YoY to 94 exits in FY2024p.7

Key insights

1. EVM venture funding and deal volume in 2024 fell below 2020 levels.p.13
2. MEGA deals across EVMs marked a 56% drop from 2023, marking the third consecutive year of decline.p.15
3. Late-stage investment slowdown was the largest driver behind the aggregate funding decline in EVMs.p.16
4. Southeast Asia registered the steepest funding decline (-45% YoY) among EVM regions, driven by a 59% drop in MEGA deal funding.p.23
5. The Middle East captured a 35% share of total EVM deal transactions, expanding its deal share by 8PP.p.24
6. Venture funding for the Philippines grew 721% YoY, driven by the $786M Mynt deal.p.32
7. Total exits across EVMs declined for a second consecutive year, dropping 32% YoY.p.48
8. The Middle East's median years to exit decreased from 7.4 years in 2023 to 6.2 years in 2024.p.49