Dubai-based startups have attracted investments from not only local investors but also regional ones. Some of the key investors who are based in Dubai are Wamda Capital, Middle East Venture Partners, BECO Capital, Global Ventures and VentureSouq, to name a few.
Those active in corporate rounds and based in Dubai include Emaar, MBC Ventures, EMPG and Kitopi. Among the institutional investors within the UAE, except for Dtec, DFDF and ICD, the remaining are based in Abu Dhabi.
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.