By Lucidity Insights Research Team • August 31, 2024
UAE's 10 Most Funded Startups: H1 2024 Roundup
The first half of 2024 has seen a remarkable surge in the United Arab Emirate's startup ecosystem, with the top 10 most funded startups raising a total of $2.16 billion. This roundup highlights the key players across various sectors like AI, blockchain, and real estate, with Abu Dhabi’s G42 leading the pack after securing a massive $1.5 billion funding round from Microsoft. Other sectors, including social media and proptech, also showcased impressive growth. From AI-powered startups to emerging gaming platforms, this video dives into the startups making waves in the UAE’s rapidly evolving tech landscape. Find out what’s fueling this growth!
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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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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!
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Join free founder masterclasses with top VCs from the Middle East & Africa. Learn about VC funding, perfecting pitches, and mastering fundraising strategies.
