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Lucidity Insights Research Team

Dubai's Venture Capital Ecosystem

Saudi Arabia

<p>Dubai-based startups have achieved unicorn status through various funding rounds from&nbsp;2021 to 2022, including notable instances such as Careem, Noon, Vista Global Holdings, Telegram, EMPG (Dubizzle Group), Yalla, stc pay, Fawry, Jahez, Zeta, Kitopi, Aleph Holding, and MNT-Halan.</p>

<p>It is not just VC money that Dubai-based startups are attracting, Dubai-based scale-ups also enjoy a lion&rsquo;s share of Private Equity rounds, corporate rounds and &ldquo;others,&rdquo; which is categorised by fundraising vehicles such as debt financing, equity crowdfunding, grants and convertible notes.</p>

MENA Total Funding 2012-2022, US$ Million

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