The Evolution of Dubai Venture Funding: Dubai's Maturing Scaleups and Unicorns
By Ashok Raman • 12 July 2023
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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.
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