MAGNiTT
Dubai-based data platform covering startups, investors, funding rounds and exits in the Middle East, Africa, Pakistan, Turkey and Southeast Asia. Founded and led by Philip Bahoshy, its funding reports are widely cited in regional media.
Industry: Venture capital and startup data | Location: Dubai, United Arab Emirates | Founded: 2015 | Total Funding: USD 1M
About MAGNiTT
MAGNiTT is a data platform for venture capital and private equity in the Middle East, Africa, Pakistan, Turkey and Southeast Asia. It is based in Dubai, at the Dubai International Financial Centre. According to its LinkedIn page, its database covers more than 30,000 startups, 10,000 investment firms, 15,000 funding rounds and 900 exits, and the company has between 11 and 50 employees.
LinkedIn gives 2015 as the year MAGNiTT was founded; no other source read states a founding year. Philip Bahoshy is the founder and chief executive. Before starting the company he spent three years in the financial services practice of Oliver Wyman in Dubai and nearly three years at Barclays Wealth Management, where he was chief of staff to the chief executive. He holds an MBA from INSEAD and a BSc in economics from the London School of Economics.
In March 2018 Wamda and Entrepreneur Middle East reported that MAGNiTT.com was an investment data platform for the Middle East that sold data on a subscription model and let startups and investors connect directly. At that point Wamda reported about 5,500 startups and more than 12,000 users on the platform, including over 300 individual investors and more than 150 funding institutions, and more than 20 research reports published since inception.
MAGNiTT publishes periodic funding reports that regional media use as a reference. For the first half of 2026 its figures show $1.35 billion of venture funding across 214 deals in the Middle East and North Africa, down 22 percent year on year, according to TechScoop's September 2026 comparison with Wamda's separate count. TechScoop also reported MAGNiTT data showing $219 million across 72 deals for Saudi startups in the same half-year, down 74 percent, with fintech taking 67 percent of the total.
In March 2018 MAGNiTT announced a seed round of close to $1 million led by 500 Startups, with Middle East Venture Partners, KISP Ventures, Financial Horizon Group, iNet and other regional venture firms and angel investors taking part. No later funding round was found in the sources read.
Leadership
- Philip Bahoshy, Founder and Chief Executive Officer
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