By Lucidity Insights Research Team • July 11, 2023
UAE Scaleups account for 64% of capital raised across the MENA region
Uncover the vibrant tech startup ecosystems in the MENA region as we explore the top ten countries (excluding Israel) boasting a significant number of scaleups, and learn which three key countries showcase strong innovation within the region
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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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H1 2024 - Top 10 Funded Startups in the UAE
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MENAPT’s H1 2024 VC funding reached $4.73B, with G42 and Telegram leading the top 10 funded startups. Discover key investments shaping the region.
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Watch the video to explore May 2024 MENAPT startup investments: 41% drop in deal value, key Proptech deals, and notable funding rounds. Discover trends!
