UAE leads Mena peers in start-up funding deals below $100m – The National
- Date: 13-Jun-2023
- Source: The National
- Sector:Technology
- Country:UAE
UAE leads Mena peers in start-up funding deals below $100m – The National
The UAE continues to lead over its peers in Mena markets in terms of non-mega funding for start-ups, having secured more than $150 million across 30 deals in the first quarter of the year, a report has found.
Mega funding refers to big-ticket deals in excess of $100 million.
More than 60 per cent of the total funding in the UAE came from the top three rounds recorded by FinTech company Tabby, dine-in payment disrupter Qlub and online coffee marketplace Cofe.
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