The Top 10 Most Funded Startups in UAE (H1 2024)

The UAE’s startup ecosystem continues to demonstrate robust innovation and growth, with startups raising nearly $2.4 billion in the first half of 2024, reflecting strong investor confidence. Notably, the top 10 most funded startups accounted for over 90% of this total, driven by G42's massive $1.5 billion corporate round with Microsoft and Telegram's $330 million debt financing.

The proptech sector also saw significant activity, with Property Finder and Keyper securing a combined $120 million in debt financing.

Here are the other notable fundraisers in the top 10 for H1 2024:

• Avail raised a total of $75 million, first in a Seed round in February, followed by Series A funding in June.
• True Gamers secured $45 million in an undisclosed funding round.
• Tumodo raised $35 million in an impressive pre-seed round in January, just a year after its founding.
• Flare garnered $35 million in February, boosted by Google Cloud's announcement of joining Flare Network as a validator, which sparked a 5% increase in its token value.
• Tenderd closed $30 million in Series A funding.
• Hunch secured $23 million in Series A funding.