The Evolution of Dubai Venture Funding: Dubai's Maturing Scaleups and Unicorns

By Ashok Raman, 12 July 2023

Unicorns and Soonicorns

More than 30% of the funding rounds are attributed to startups headquartered in Dubai, implying 87% of all funding rounds for UAE-based companies are for firms headquartered in the Emirate. What is more amazing though is that Dubai-based companies have raised nearly 60% of all MENA funding since 2012. Dubai is also home to the most unicorns in the region and aims to be home to 20 unicorns by 2031.

Register & Read for Free

Just login or create a free account to enjoy our content


Related Report

Dubai's Venture Capital Ecosystem

There are 749 scale-ups that have raised over US $1 million in fundraising in the Middle East and North Africa region; collectively raising over US $19.5 billion, cumulatively, as of December 2022. Over 40% of these scale-ups call Dubai home.