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|Increasing Number of Dubai Scaleups: 2021 to 2022
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Published date : 21 June 2023
Increasing Number of Dubai Scaleups: 2021 to 2022
The number of scaleups in Dubai has increased considerably, growing 26% between 2021 and 2022. While Riyadh and Cairo had higher growth rates, in terms of absolute numbers, Dubai saw an increase of 64 scaleups between 2021 and 2022 growing from 242 to 306 scaleups.
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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.
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