Dubai start-ups’ funding doubled in 2022 to $2 billion – The National
- Date: 19-Jun-2023
- Source: The National
- Sector:Technology
- Country:UAE
Dubai start-ups’ funding doubled in 2022 to $2 billion – The National
Start-ups in Dubai raised more than $2 billion collectively last year, double the financing secured in 2021, as the emirate sets its sights on becoming the global destination of choice for digital entrepreneurs.
More than 30 per cent of funding rounds in the Middle East and North Africa region are attributed to start-ups headquartered in Dubai, according to a new report by Dubai Chamber of Digital Economy on the emirate's venture capital landscape.
It said 87 per cent of all funding rounds for UAE-based companies are for start-ups based in the emirate.
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