MENA Number of Funding Rounds, by Country, 2012-2022

MENA Number of Funding Rounds, by Country, 2012-2022

From 2012 to 2022, there have been over 4,500 funding rounds, of which more than one-third occurred in the UAE, followed by Egypt and Saudi Arabia. Among the rest of MENA countries, Jordan is the only country accounting for more than 5% of the funding rounds.

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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.