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UAE Scaleups account for 64% of capital raised across the MENA region

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

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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