Overview of MENA Tech Venture Funding and the Evolution of Venture Funding in Dubai
By Ashok Raman • 31 July 2023
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Funding rounds go around
From 2012 to 2022, there have been over 4,500 funding rounds, of which more than one-third occurred in the UAE, followed by Egypt and Saudi Arabia. Among the rest of MENA countries, Jordan is the only country accounting for more than 5% of the funding rounds.
Infographic: MENA Number of Funding Rounds, by Country, 2012-2022
In terms of capital raised, the last decade has seen US$19.7 billion in funding, by all startups, on a disclosed value basis. The UAE shines once again, accounting for nearly two-thirds of all the ca
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