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Lucidity Insights Research Team

Dubai's Venture Capital Ecosystem

Saudi Arabia

<p>There are 2,654 startups that reported a fundraising round, however 27% have not disclosed any funding value. Of the remaining 73% (startups which have disclosed any funding value at all), 44% have raised less than US$1 million till date while 28% are scaleups, which have raised US$ 1 million and above.</p>

Tech Funding in MENA from 2012 to 2022

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