VC does it for startups in the UAE
- Date: 18-Jul-2021
- Source: Zawya
- Sector:Technology
- Country:UAE
VC does it for startups in the UAE
The UAE is building a strong foundation to create a secured, innovative and futuristic startup ecosystem led by policies that complement macroeconomic growth. The outbreak of Covid-19 only proved the nation's resilience and prompted tech startups to accelerate their game and book windfalls.
Sectors like fintech, eductech, e-commerce, entertainment, delivery and logistics, and food and beverage have proved to be stellar performers.
With $1.2 billion in investment and 254 deals, VC funding during the six-month period also saw a 64 per cent increase year on year.
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