BECO Capital has released the 2016 edition of its annual periodic table, highlighting key players in the tech and entrepreneurship scene across the MENA region.
Now in its second iteration, the chart is considered the best reference available for startups and investors in the industry.
“The BECO Capital Periodic Table of Technology Entrepreneurship in MENA made its debut last year. This year we’re excited to publish version 2.0 which we’ve updated with new players and adjusted to reflect our growing ecosystem,” Dany Farha, the CEO of BECO Capital, said in a press release .
Currently there are 115 private players operating in the regional VC sector, a 24 percent increase from 2015. International VCs are already investing in some tech startups throughout the region, however, BECO Capital believes "the market will trend to consolidation, with the best performing VCs raising the majority of future funds deployed to this sector."
The number of incubators and accelerators in the region has almost doubled.
“With an increasingly robust platform for startups in the region to experiment, iterate quickly and establish themselves, this has facilitated a pipeline for investors across the region. It will then be up to investors to find and secure the best deal flow,” Farha added.
There has also been an increase in startups expanding into markets both regionally and globally.
“We have also seen new players emerge, which is exciting, with new entrants from Palestine and Saudi Arabia. The growth we are seeing is attributed to both the availability of talent and capital,” Farha said.