The Top 10 Most Funded Startups in the UAE in 2023

By Nazmia Nassereddine • 23 July 2024

The UAE is increasingly establishing itself as a vibrant hub for innovative technology companies, drawing substantial venture capital investment across diverse sectors. In 2023, the top-funded companies highlight the region's dynamic and multifaceted tech ecosystem, encompassing fintech, social media, augmented reality, and virtual reality gaming. This strategic focus on fostering a favorable business environment and strong governmental support for digital transformation is significantly bolstering the UAE's position as a key player in the global tech landscape.

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Mentioned Startup & VC Profiles

Qlub

Qlub develops a fast and secure payment solution for consumers in restaurants.

Tarabut Gateway

Tarabut Gateway is the MENA region’s first and largest regulated Open Banking platform that connects a regional network of banks and FinTechs via a universal application programming interface (API). Tarabut Gateway's platform provides connectivity for data to flow between banks & fintechs, enabling collaboration and accelerated innovation,better products, services, and experiences for consumers.

Telegram is a cloud-based instant messaging app that allows users to securely send messages, photos, videos, and other files to individuals or groups with over 500 million active users worldwide.

Nümi

Nümi is an online entertainment ecosystem that offers a new level of immersion for user-generated content, gaming, streaming, and more---to discover and explore the virtual world in a completely new way.

XPANCEO

Founded in 2021, XPANCEO is developing the next generation of computing via an invisible and weightless smart contact lens.

Zeebu

Zeebu is the world’s first on-chain invoice settlement platform, specifically designed for the Telecom Carrier industry. Powered by the ZBU Loyalty token, the platform incentivizes and rewards telecom carriers for successful invoice settlements. By utilizing cutting-edge blockchain technology and smart contracts, Zeebu provides a secure andcompliant platform that streamlines invoice settlements, facilitates instant global transactions, and enhances efficiency. This fosters trust and transparency within the industry, enabling telecom carriers to transact with ease and confidence.

Alpheya

Alpheya offers a full suite of cloud-native, AI-powered wealthtech solutions designed to strip away the complexities of wealth management and deliver differentiated experiences, insights, and new opportunities for your business.

Cadena

Cadena is a hybrid solution for overseas growth. Cadena combines local sales, AI-driven prospecting tools and CadenaPay invoice factoring.

HyperSpace

Hyperspace is a permanent ticketed experiential attraction developer that creates, builds, operates, and funds attractions. Founded in 2020 and is based inDubai, AE.

Sabre56

Sabre56 is a digital asset management consultant. It offers management consultancy, crypto mining, digital asset mining, datacenter operation, cryptocurrency, digital currency, data infrastructure, data centers, data security, risk management, and computational hardware procurement.

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