Book a free demo with us
Book Now
|Cities Home to the Most Unicorns in MENA (Based on Verifiable Public Disclosures)
%2Fuploads%2Fdubai-vc-ecosystem%2Finfobytes%2F22.jpg&w=3840&q=75)
By Lucidity Insights Research Team • 22 July 2023
Cities Home to the Most Unicorns in MENA (Based on Verifiable Public Disclosures)
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.
Related Report
%2Fuploads%2Fdubai-vc-ecosystem%2Fcover-ent.jpg&w=3840&q=75)
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.
Social Media
© 2024 Lucidity Insights.
