In recent years, Dubai-based fast-growing startups have received more later-stage funding, as these startups have matured. From 2012, when it reached 15 funding rounds at the seed stage, pre-seed stage and angel rounds, the Emirate has consistently seen more than 100 funding rounds in the past two years.
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.