Dubai's Venture Capital Ecosystem

Saudi Arabia

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

Infobytes

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.

Tech Venture Funding in the Middle East and North Africa Region (2012-2022)

Tech Funding in MENA from 2012 to 2022

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.

UAE's Top 5 Disclosed Funding Rounds in 2022

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