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|Top 5 Markets in Terms of Fundraising, Last 5 Years (2018-2022)
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By Lucidity Insights Research Team • 21 July 2023
Top 5 Markets in Terms of Fundraising, Last 5 Years (2018-2022)
Looking at the last 5 years, the UAE has dominated the MENA funding landscape since 2018. The UAE's funding value has consistently exceeded 100% compared to other ranked countries.
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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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