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.
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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