MANAMA: Global seed investments in startups have dropped by nearly 50 per cent, with accelerators and venture capital (VC) funds adjusting their priorities and startups re-evaluating their fundraising strategies, an online panel discussion of investment experts revealed earlier this week.
The HexGn-organised funding webinar noted that as a result of the economic uncertainty during the Covid-19 pandemic, investors have shifted priorities from speculative technology and luxury items to optimisation of basic needs and services delivery .