Dubai's Venture Capital Ecosystem

Saudi Arabia

Dubai&rsquo;s allure as a startup hub is prominent in the country, since the top 10 disclosed funding rounds of all time are all from startups headquartered in the emirate.

Ranking the UAE's Top Ten Startup Fundraising Rounds to Date (as of 2022)

Infobytes

In 2022, the top four funding rounds were all from Dubai-based startups, including Astra Tech, Advanta Seeds, Kitopi, and EMPG (Dubizzle Group). The fifth came from an Abu Dhabi-based agtech startup, Pure Harvest Smart Farms.

Ranking the UAE's Top Five Disclosed Startup Funding Rounds in 2022

UAE's Top 5 Disclosed Funding Rounds in 2022

The UAE, with <a href="https://lucidityinsights.com/articles/uaes-tech-scaleups-prominence-among-mena">its sheer number of scaleups</a> has tipped the MENA average to a higher value of 0.2% Scaleup Investing ratio and 0.16% for Scaleup Density ratio. While a number of countries in the region have a lower Scaleup Investing ratio than MENA average, countries like Jordan, Saudi Arabia, Qatar, Lebanon and Kuwait all have above regional ratios, showing preference for startups to operate from these countries.

UAE's Top 10 Startup Fundraising Rounds to Date (2022)

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