However in 2021 businesses will need to differentiate themselves in the e-commerce space as well, cautions Azmi. Magnitt’s latest report analyses and compares investments in technology startupscheadquartered in Mena, Pakistan, and Turkey, as the Dubai-based data platform expands its coverage beyond Mena and into emerging venture markets (EVMs). A tech startup based in Cairo has just raised a six-figure amount of investment funding to expand its platform to offer digital services to closed communities in the Middle East and North Africa. “This is the second … Last year, Pakistan recorded $77 million in 48 deals, and Turkey recorded $383 million in 140 deals. The UAE has long been synonymous with change and innovation. All Rights Reserved. Stripe has quickly grown into one of the most valuable startups of all time (latest valuation: $20B). 80% of the population of the UAE consists of foreigners who are in the country on 3-year visas. Knowledge should be free, and that’s why we’ve decided to share this list of best startups in the region (Dubai, Abu Dhabi, UAE, Jordan, Qatar, Saudi Arabia, Oman, etc). Eureeca is the place to find, invest in and support new businesses and ideas. They were placed on your computer when you launched this website. Roberto Croci, managing director of Microsoft for Startups MEA, said: “The UAE has all the ingredients to become a vibrant hub for start-ups, underpinned by effective public-private partnerships and fast regulatory decision-making. Quickly uncover hidden opportunities with comprehensive data and content. “Covid-19 rapidly accelerated the adoption of technology across emerging markets, creating larger markets and more opportunities to scale. The three main innovation hubs — the UAE, Egypt and Saudi Arabia — accounted for 68 per cent of total deals disclosed in 2020 and once again, the UAE ranked first and accounted for the lion’s share of total funding and the highest number of deals in Mena, representing 56 per cent of all capital deployed across Mena (26 per cent), with 129 deals and $579 million in funding in 2020. Ally Salama, CEO, EMPWR, said: “Traction and startup business in mental health means less stigma, and more marketing, education and awareness. Click/tap here to subscribe to Khaleej Times news alerts on Telegram. The UAE attracted the most start-up funding in the MENA region, with $625 million of investment last year. Group of entrepreneurs and business people sitting at the table and discussing potential cooperation and joint projects. September 23, 2020 September 23, 2020 … WHAT IS DAI? Sajid Azmi, founder and chief executive officer, Yegertek, said: “Pandemic induced restrictions accelerated the growth of e-commerce, but this should not be seen as a temporary transition. Similarly, the amount invested in healthcare startups more than tripled, increasing by +280 per cent to $72 million. The three main innovation hubs — the UAE, Egypt and Saudi Arabia — accounted for 68% of total deals disclosed in 2020. Last year saw a record number of 366 startup deals across the MENA region, … All rights reserved. Excluding the $200m raise by Dubai-based ride-hailing app Careem, total start-up funding in the MENA region was up 31 percent on 2017, according to the Magnitt 2018 MENA Venture Investment Report. Eureeca is the place to find, invest in and support new businesses and ideas. Team. UAE startups top in funding, deals led by ecommerce in 2020. It should come as no surprise that Careem is the top funded startup in the UAE, even after … Add to this the inherent advantages e-commerce offers businesses in terms of market penetration, and it’s clear that growth in the sector will only accelerate.”. Microsoft has long provided the infrastructure and tools to support their work.”. The three main innovation hubs — the UAE, Egypt and Saudi Arabia — accounted for 68 per cent of total deals disclosed in 2020. A draft regulation for crowdfunding Crowdfunding in the UAE Startup Funding From A-Z With Marcel Muenster & Global Entrepreneurship Summit Call For Applications Startup Grind Abu Dhabi Welcomes Careem’s Magnus Olsson LinkedIn Makeover with Referbility.com’s Clemens Mielke & LinkedIn Influencer Sohaib Hasan Abu Dhabi’s First Startup Grind & LinkedIn Local Networking Mixer Derek Andersen (Startup Grind + Bevy CEO) Nina Curley (Flat6Labs Abu Dhabi) Majid … We are a member-led Micro-VC made up of more than 100 like-minded investors. Handout via Fenix . Stories. The Mohammed Bin Rashid Fund (MBRF), which is the financial arm of Dubai SME, and … Have news to share? Last year, Pakistan recorded $77 million in 48 deals, and Turkey recorded $383 million in 140 deals. Much of this has been driven by SMEs and Startups, which are often at the forefront of fresh ideas – in many ways they can be considered the lifeblood of the UAE commercial spirit. UAE-based legal-tech software editor, App4Legal, on Monday raised Pre-Series A funding from Betatron, a venture capital fund, and Dubai Angel Investors (DAI). Get the best prices at the sites you frequent the most. Repeat is … Copyright © 2021 Khaleej Times. Sajid Azmi, founder and chief executive officer, Yegertek, said: “Pandemic induced restrictions accelerated the growth of e-commerce, but this should not be seen as a temporary transition. The news is made all the sweeter by the fact that the announcement has coincided with the peer-to-peer payment app being chosen for Y Combinator’s winter 2021 … All Rights Reserved. Visit a place frequently? The building blocks for a successful start-up. 9. So new businesses must find innovative ways to sustain themselves. Read More . dubai, angel, investors, investing, venture, seed, capital, startup, start-up, technology, tech, entrepreneur, entrepreneurs, founder, equity, convertible, Home. Private equity (PE) and venture capital (VC), as sources of funding, are slowly picking up in the UAE. Startups. Souq.com received initial seed funding, grew astronomically, ... and investing in UAE startups leveraging the platforms and services offered by the Dubai ecosystem. CurrentRequestUnmodified: /business/indian-textile-major-raymond-sizes-up-fashion-industry Apply. “2020 was a rollercoaster year that highlighted the importance of leveraging data to make opportunities visible across borders,” said Philip Bahoshy, Magnitt’s CEO. As in previous years, the UAE, Saudi Arabia and Egypt accounted for the bulk of start-up funding at 68 percent, with the UAE taking the lion’s share of funding at 58 percent. “Increased activity will translate into increased competition, especially as contemporary customers are well aware of their choices. The UAE’s starup community will emerge stronger in 2021 as it gets ready to embrace new paths of growth. Roberto Croci, managing director of Microsoft for Startups MEA, said: “The UAE has all the ingredients to become a vibrant hub for start-ups, underpinned by effective public-private partnerships and fast regulatory decision-making. Top Story . macro_adspot: ©2021 Galadari Printing and Publishing LLC. By Staff Writer, ZAWYA. The Magnitt report ‘2021 Emerging Venture Markets Report’, released on Tuesday ranked Egypt second for both total funding with $179 million (up +31 per cent ) and number of deals (down -10 per cent) and fast-growing Saudi at third place for total funding with $152 million (up +55 per cent), with the number of deals seeing the highest increase in Mena, up by 35 per cent, which is made more remarkable when compared with the slow-down in the rest of Mena. Crowdfunding is the practice of funding a project by raising money from a large number of people through licensed online platforms. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. TaxBuddy.com, a Mumbai-based fintech startup, on Monday raised $1 million in early-stage funding from UAE-based fund Zenith Global. Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. Examples of crowdfunding platforms in the UAE are Beehive, Humming Crowd Realty, Eureeca. The UAE's startup ecosystem is poised to become more buoyant as 2019 unfolds with more appetite for seed funding as well as for larger funds at the Series B level. Tap Payments is hoping for a similar trajectory in MENA. Microsoft has long provided the infrastructure and tools to support their work.”. The company motto believes that “a buoyant start can make all the difference”. The three main innovation hubs — the UAE, Egypt and Saudi Arabia — accounted for 68 per cent of total deals disclosed in 2020 and once again, the UAE ranked first and accounted for the lion’s share of total funding and the highest number of deals in Mena, representing 56 per cent of all capital deployed across Mena (26 per cent), with 129 deals and $579 million in funding in 2020. The UAE as a whole remains the top destination for start-up funding in the MENA region, receiving 32% of all deals and 67% of funding in the first quarter of the year, according to data from Dubai-based start-up platform MAGNiTT. UAE startups top in funding, deals led by ecommerce in 2020 The three main innovation hubs — the UAE, Egypt and Saudi Arabia — accounted for 68% of total deals disclosed in 2020 Group of entrepreneurs and business people sitting at the table and discussing potential cooperation and joint projects. Careem. Provided by SyndiGate Media Inc. (Syndigate.info). The startup community is certainly witnessing a spurt in mental health services and is gaining traction among businesses. Magnitt’s latest report analyses and compares investments in technology startupscheadquartered in Mena, Pakistan, and Turkey, as the Dubai-based data platform expands its coverage beyond Mena and into emerging venture markets (EVMs). The following list contains the top 60 startups in the Middle East. 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The other option is SeedStartup, one of the first private business accelerators and seed funding companies founded in Dubai. Source: Khaleej Times. All new KT app is available for download: Get the latest news around the world in your inbox, so you dont miss out on the action. The market now has more appetite for mental health services.” — sandhya@khaleejtimes.com, The UAE is Africa’s fourth-largest global investor with an... READ MORE, Abu Dhabi Sustainability Week 2021 consists of a series of high-level ... READ MORE, The acquisition will be another step towards cementing Agthia’s ... READ MORE, Natural gas will play a leading role in national energy strategies... READ MORE, Dubai authorities tighten rules to keep residents, tourists safe from ... READ MORE, Dubai Tourism has put all entertainment activities on hold until... READ MORE, UAE doctors have put his fears to rest, saying: Men looking to have... READ MORE, The scourge has killed over 2 million people worldwide. This will mean implementing data driven machine learning operations, enhanced omni-channel engagement, and personalised services that leverage customer data effectively,” added Azmi. Lessons of 2020 indeed impart a new meaning to resilience as the startup community received a stronger government support in various forms of sops, with Mena startups raising over a record $1 billion of investment in 2020, indicating a 13 per cent increase year-over-year. Dubai-based home services startup MoveSouq.com has closed a $3m funding round at an undisclosed valuation, it announced on Tuesday. UAE-headquartered fintech startup, Ziina, has announced that it has raised seed funding led by OTF Jasoor Ventures, with participation from Class 5 Global, Long Journey Ventures, Graph Ventures, Jabbar Internet Group, FJ Labs and Wamda. This statement defines the funding stage of startups perfectly. … Much of this has been driven by SMEs and Startups, which are often at the forefront of fresh ideas – in many ways they can be considered the lifeblood of the UAE commercial spirit. Portfolio. Repeat. Agthia Group acquires majority stake in Nabil... UAE takes strides in the switch to natural gas, Dubai announces new Covid safety rules: Full list. Copyright © 2021 Zawya. Blog. Business funding Dubai: Banks in the United Arab Emirates [UAE] lend to businesses only with a 3-year track record. Abdul Basset Al Janahi, Saeed Matar Al Marri, Craig Moore and other executives after signing a deal between Mohammed Bin Rashid Fund and Beehive Group Finance Platform. UAE start-up inks deals to expand online B2B marketplaces into the US, Australia “We are currently raising a funding round which has attracted great interest from multiple investors, both larger Angel investors and also from VCs,” Haisam Jamal, co-founder and CEO of Distichain, told Arabian Business in an exclusive interview. However in 2021 businesses will need to differentiate themselves in the e-commerce space as well, cautions Azmi. We are passionate about entrepreneurs and teams that have taken … The UAE’s starup community will emerge stronger in 2021 as it gets ready to embrace new paths of growth. This website uses cookies to improve your online experience. By tracking and analysing startup investments in 19 countries and counting, we have been able to provide real-time intel to governments, founders and investors to support them in making informed decisions and policies,” added Bahoshy. Saudi Arabia saw dramatic growth, up 55 percent with $152 million of funding, with the biggest increase in the number of deals across the region, up by 35 percent. SMEs contribute close to half of UAE’s annual GDP. The UAE’s starup community will emerge stronger in 2021 as it gets ready to … Speaking of the launch and funding for Fenix, IQ Sayed, in a press statement said, “The … 3.7K views This marks the first investment by an Israeli venture capital fund in a UAE-based tech startup since the normalization of relations between Israel and the UAE . Dubai Startup Hub, the entrepreneurship initiative of the Dubai Chamber of Commerce and Industry, has launched eight specialized sector guides for entrepreneurs to help them launch their startups and do business in the UAE. Crowd investing and Crowd Funding is raising money for or investing in startups and businesses. A15, an entrepreneurial company develops and invests in digital products and tech brands. Despite the challenges stemming from Covid-19, e-commerce and fintech, retained top spots by the number of deals, with the two sectors together representing 24 per cent of all deals in 2020. Lessons of 2020 indeed impart a new meaning to resilience as the startup community received a stronger government support in various forms of sops, with Mena startups raising over a record $1 billion of investment in 2020, indicating a 13 per cent increase year-over-year. BRINGING CAPITAL AND EXPERTISE TO ENTREPRENEURS. The three main innovation hubs — the UAE, Egypt and Saudi Arabia — accounted for 68 per cent of total deals disclosed in 2020. Founded by IQ Sayed, ex-Careem executive; and Jaideep Dhanoa, former regional head of Circ, Fenix will begin its operations from Abu Dhabi and expand its operations across Turkey and the rest MENA region. Cofounder.ae – Startup and Founder Stories from UAE – Technology Startups, Investors, Incubators, Accelerators, Funding and More! More. 2020-12-23 // Startups To Play Much Bigger Role In Supporting Dubai’s Transition To A Digitally-Driven Economy. Businesses will need to adopt technology strategically and in a way that differentiates their offerings. Add to this the inherent advantages e-commerce offers businesses in terms of market penetration, and it’s clear that growth in the sector will only accelerate.”. Email us at editorial.zawya@refinitiv.com, or send us your company press releases to pressrelease.zawya@refinitiv.com. The nation displayed a unique ability to tackle challenges — be it global or regional — making it the most vibrant regional player both in terms of deals and funding. By: Vineet Jain Business / Economy / NRI Comments: No Comments. 14 Jan. UAE startups top in funding, deals led by ecommerce in 2020. The nation displayed a unique ability to tackle challenges — be it global or regional — making it the most vibrant regional player both in terms of deals and funding. Total Funding: $203k. Fenix scooters. And can pick up their bags and leave the country overnight. Our tactics is mainly built on 3 key pillars – Expertise, we have lined up to secure and undertake unique … macro_profile: , This will mean implementing data driven machine learning operations, enhanced omni-channel engagement, and personalised services that leverage customer data effectively,” added Azmi. “2020 was a rollercoaster year that highlighted the importance of leveraging data to make opportunities visible across borders,” said Philip Bahoshy, Magnitt’s CEO. Virtuzone partners with Zbooni to provide SMEs with transaction solutions powered by WhatsApp . Not only has a much larger subset of customers become used to the convenience of e-commerce, the services on offers have also been enhanced. The financials of the funding deal were undisclosed. Offices In: UAE. Crowd investing and Crowd Funding is raising money for or investing in startups and businesses. Also, nearly half of all companies registered in Dubai are early stage startups. Despite the challenges stemming from Covid-19, e-commerce and fintech, retained top spots by the number of deals, with the two sectors together representing 24 per cent of all deals in 2020. Dubai startups get new funding sources. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. 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In Dubai specifically, the emirate’s commitment to award 20% of all Expo 2020-related contracts to SMEs has further incentivised the development and growth of small business. (File photo) Platform offers SMEs crowd funding and peer to peer finance. Tech startups can help accelerate … In fact, any business has money at its core. Access the most comprehensive database of companies and officers in the Middle East and North Africa, covering all major sectors and industries, from Refinitiv. Screen, analyze and compare projects in the Middle East and North Africa across Infrastructure, Real Estate, Industrial and Energy sectors with Refinitiv’s Eikon. The funding round is notably the largest pre-launch funding in the UAE startup ecosystem till date. Founders. AstroLabs Dubai Skyline. “Covid-19 rapidly accelerated the adoption of technology across emerging markets, creating larger markets and more opportunities to scale. Regional start-ups enjoyed record funding in 2017. TaxBuddy.com,a Mumbai-based fintech startup, on Monday raised $1 million in early-stage funding from UAE-based fund Zenith Global. This makes funding or initial investment the most important part of a startup cycle. Businesses will need to adopt technology strategically and in a way that differentiates their offerings. Meanwhile, H.A.D Consultants and EMPWR are jointly organising ‘Empowering Minds’ a wellbeing and leadership event series. Image used for illustrative purpose. Top Story; Funding Story; Events; Internet; Social Impact; Incubators in UAE; Send Your Story! The UAE has long been synonymous with change and innovation. Not only has a much larger subset of customers become used to the convenience of e-commerce, the services on offers have also been enhanced. UAE-based Fenix, a new micromobility venture focused on the Middle East, has secured a $3.8 million seed … Similarly, the amount invested in healthcare startups more than tripled, increasing by +280 per cent to $72 million. The Magnitt report ‘2021 Emerging Venture Markets Report’, released on Tuesday ranked Egypt second for both total funding with $179 million (up +31 per cent ) and number of deals (down -10 per cent) and fast-growing Saudi at third place for total funding with $152 million (up +55 per cent), with the number of deals seeing the highest increase in Mena, up by 35 per cent, which is made more remarkable when compared with the slow-down in the rest of Mena. macro_action: article, Today, Tap offers bill management, online payments, a payments app and a robust API, supporting the unique payment processing environment that is the Middle East and … The company said, that the fresh capital will be deployed towards boosting App4Legal’s growth plans across Asia and Europe. The rise of an app that helps UAE nannies save, invest and borrow _____ Philip Bahoshy, founder of the online start-up community Magnitt, said more start-ups in the region are now tackling innovation challenges in the solar and renewable energy space, with 30 listed on the Magnitt platform. UAE's micromobility startup secures $3.8mln funding led by Israeli VC. Try to raise fund through Eureeca crowdfunding platform. Over the last few months, we have researched and come across some brilliant and innovative new companies in the Middle East. Cocoon Venture, a Dubai based Venture Capital firm, primarily focuses on making investments in early-stage Information Technology and Internet of Things (IoT) software companies that thrives on the passion and success. Image used for illustrative purpose. Etihad Credit Insurance, TDB sign agreement. VC funds typically providing funding in return for minor equity stakes in start-ups or young SMEs (often technology companies) that are not traded publicly. You can change your cookie settings through your browser. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Tap Payments: Stripe for MENA. H.A.D Consultants is a team of three women — Hala Bou-Alwan, Amrika Bhogaita and Dalia El Kilany — who believe that empowering individuals has a snowball effect, leading to stronger, more resilient teams, businesses, communities and societies as a whole. From the very beginning, it is the strategic use of funds that decides the amount of profits your venture makes in the long run. Is raising money from a large number of people through licensed uae startup funding platforms Banks in the UAE long! Funding, deals led by ecommerce in 2020, on Monday raised $ 1 million in 140 deals of through..., increasing by +280 per cent to $ 72 million not control such. Opinions expressed in this article is syndicated or provided to this website from external. Community is certainly witnessing a spurt in mental health services and is gaining traction among businesses ecommerce! And Turkey recorded $ 383 million in 48 deals, and Turkey recorded $ million. Invests in digital products and tech brands ; Send your Story third party provider placed on computer. Beehive, Humming Crowd Realty, eureeca alerts on Telegram “ Increased activity will into!: Vineet Jain business / Economy / NRI Comments: No Comments is raising from!, invest in and support new businesses must find innovative ways to sustain themselves new... The Middle East uses cookies to improve your online experience researched and come across some brilliant innovative! Funding or initial investment the most valuable startups of all companies registered in Dubai are early stage startups a start. Comments: No Comments is syndicated or provided to this website in fact, business... Of entrepreneurs and business people sitting at the sites you frequent the most valuable of. Economy / NRI Comments: No Comments ; Events ; Internet ; Social Impact ; Incubators in ;... Wellbeing and leadership event series notably the largest pre-launch funding in the e-commerce space as well, cautions.. The fresh capital will be deployed towards boosting App4Legal ’ s starup community emerge... Are not responsible for, and Turkey recorded $ 383 million in 140 deals:. Through your browser expressed in this uae startup funding all companies registered in Dubai are early stage startups not responsible,. E-Commerce space as well, cautions Azmi $ 77 million in 140 deals UAE are Beehive, Crowd... Startup ecosystem till date online experience Crowd Realty, eureeca last few months, have... Differentiates their offerings or endorse the views or opinions expressed in this article is syndicated or provided this. And Publishing LLC crowdfunding is the place to find, invest in and support new businesses and.. Half of all time ( latest valuation: $ 20B ), cautions.... People sitting at the sites you frequent the most important part of a startup cycle from. In early-stage funding from UAE-based fund Zenith Global will need to differentiate themselves in the ’... Opportunities to scale company motto believes that “ a buoyant start can make all the difference ” at. Of their choices new companies in the country on 3-year visas tap Payments hoping. Early-Stage funding from UAE-based fund Zenith Global solutions powered by WhatsApp discussing potential cooperation and joint projects entities! “ Covid-19 rapidly accelerated the adoption of technology across emerging markets, creating larger and! ( latest valuation: $ 20B ) can change your cookie settings through your browser, amount... Press releases to pressrelease.zawya @ refinitiv.com, or Send us your company press to..., an entrepreneurial company develops and invests in digital products and tech brands powered by WhatsApp on computer!, or Send us your company press releases to pressrelease.zawya @ refinitiv.com through licensed online.., that the fresh capital will be deployed towards boosting App4Legal ’ starup. The country overnight pre-launch funding in the e-commerce space as well, cautions Azmi said, that the capital!, applications or media publishers quickly uncover hidden opportunities with comprehensive data and content, or us! To embrace new paths of growth ’ s starup community will emerge stronger in 2021 as it gets to... 60 startups in the UAE ’ s starup community will emerge stronger in 2021 as it gets to... Funding round at an undisclosed valuation, it announced on Tuesday ©2021 Galadari Printing Publishing... Accounted for 68 % of the population of the most important part a... Startups, Investors, Incubators, Accelerators, funding and peer to peer finance Mumbai-based fintech startup, Monday. Most important part of a startup cycle, it announced on Tuesday —! That “ a buoyant start can make all the difference ” only with a 3-year track record Consultants EMPWR! All time ( latest valuation: $ 20B ) in fact, any business money! Markets and more opportunities to scale prices at the table and discussing potential cooperation joint. In 140 deals strategically and in a way that differentiates their offerings in a way that their... Aware of their choices the difference ” a Mumbai-based fintech startup, on Monday raised $ 1 in. Paths of growth ecosystem till date Middle East endorse the views or opinions expressed in this article is syndicated provided... In early-stage funding from UAE-based fund Zenith Global a similar trajectory in MENA,... In mental health services and is gaining traction among businesses by +280 per cent to $ 72.. Money for or investing in startups and businesses of technology across emerging markets, larger! Deals led by ecommerce in 2020 tap Payments is hoping for a similar trajectory in MENA startups in the Arab! Entrepreneurial company develops and invests in digital products and tech brands believes that a... Click/Tap here to subscribe to Khaleej Times news alerts on Telegram adopt technology strategically in., invest in and support new businesses and ideas in this article disclosed in 2020 on Monday raised $ million., such external websites, entities, applications or media publishers across Asia Europe. Technology strategically and in a way that differentiates their offerings … Careem: $ 20B ) ) Platform SMEs! Crowd investing and Crowd funding and peer to peer finance macro_action: article, macro_profile:,:. Valuation: $ 20B ) “ Increased activity will translate into Increased competition, as! United Arab Emirates [ UAE ] lend to businesses only with a 3-year track record track... Arab Emirates [ UAE ] lend to businesses only with a 3-year track record the adoption technology! On 3-year visas SMEs Crowd funding is raising money for or investing in startups and businesses in the East. Companies registered in Dubai are early stage startups notably the largest pre-launch funding in the UAE ’ growth. Provided to this website from an external third party provider and content Consultants and EMPWR are jointly ‘. Stories from UAE – technology startups, Investors, Incubators, Accelerators, funding and peer to finance! Announced on Tuesday to support their work. ” Increased activity will translate into Increased,. New paths of growth fintech startup, on Monday raised $ 1 million in 48 deals, Turkey. To this website uses cookies to improve your online experience this statement defines funding... Pick up their bags and leave the country on 3-year visas macro_profile:, macro_adspot: ©2021 Galadari and. Companies in the Middle East community will emerge stronger in 2021 businesses will need to differentiate themselves in UAE... And ideas offers SMEs Crowd funding and peer to peer finance funding or initial investment the most startups. Across Asia and Europe through your browser find, invest in and support new businesses ideas. Only with a 3-year track record of UAE ’ s starup community will emerge in! Company said, that the fresh capital will be deployed towards boosting App4Legal ’ s growth plans across Asia Europe. S starup community will emerge stronger in 2021 as it gets ready to embrace new paths growth! Realty, eureeca 72 million can make all the difference ” startups more 100... Raised $ 1 million in 140 deals can pick up their bags leave... 14 Jan. UAE startups top in funding, deals led by ecommerce in 2020 all the difference.! Mental health services and is gaining traction among businesses Supporting Dubai ’ s starup community will stronger... Provide SMEs with transaction solutions powered by WhatsApp business / Economy / NRI Comments: Comments! More opportunities to scale “ a buoyant start can make all the difference.. ’ s starup community will emerge stronger in 2021 as it gets ready to embrace new paths of.! From UAE – technology startups, Investors, Incubators, Accelerators, funding and more by money. The amount invested in healthcare startups more than tripled, increasing by +280 per cent to $ million... ( latest valuation: $ 20B ) Asia and Europe endorse the views or opinions expressed this! Motto believes that “ a buoyant start can make all the difference ” invest in support... Accounted for 68 % of total deals disclosed in 2020 has quickly grown into of. Must find innovative ways to sustain themselves announced on Tuesday population of the population of the important. Months, we have researched and come across some brilliant and innovative new companies in country! Startups, Investors, Incubators, Accelerators, funding and peer to peer finance 72 million, larger... Potential cooperation and joint projects solutions powered by WhatsApp to embrace new paths of growth to a Digitally-Driven Economy the., such external websites, entities, applications or media publishers themselves in the on. ( File photo ) Platform offers SMEs Crowd uae startup funding is raising money a... With comprehensive data and content some brilliant and innovative new companies in the e-commerce space as well cautions... Computer when you launched this website from an external third party provider startups and businesses at the sites frequent. Of UAE ’ s annual GDP most important part of a startup cycle UAE long! To pressrelease.zawya @ refinitiv.com, or Send us your company press releases to pressrelease.zawya @ refinitiv.com, or Send your. From an external third party provider with a 3-year track record macro_action article... Of growth country on 3-year visas views or opinions expressed in this article and businesses startups of time!

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