Late-stage funding tumbles for UAE tech startups

Late-stage funding tumbles for UAE tech startups

Late-stage funding for UAE technology startups has declined sharply in recent months as the region’s risk-averse venture capitalists shy away from larger, high-stakes investments. The latest report by Indian market intelligence platform Tracxn showed only $25 million was allocated to late-stage startups in Q3 2023, a year-on-year drop of 75 percent. It reflects investors’ growing […]