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Global Venture Funding Shows First Signs of Recovery in Q3 2023, up 11% QoQ
In 2023, a 51% dip in first-half VC investments marked a transformative period for the global VC ecosystem, with Q2 being particularly bleak.
The VC Winter had taken root in early 2022, but did not seem to lose any steam going into 2023.
Q2 2023 global venture funding fell to the lowest level in 3 years, since Q2 2020.
But a 11% Quarter on Quarter (QoQ) rebound was witnessed in Q3 2023, when global venture funding jumped to US $64.6 Billion... leavings investors and startup founders alike to ask, "is the VC Winter finally bottoming out?"
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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.
