Startup Emirates: the most well-funded tech startups in the UAE in one infographic

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This article is a crosspost from CB Insights.

All of the companies in our infographic are based in the Emirate of Dubai. Collectively, these companies have raised approximately $2.3 billion.

The United Arab Emirates is making headway as a significant incubator of technology companies. The country is now home to two unicorn companies that were each valued at $1 billion in 2016. The ride hailing company Careem Networks reached unicorn status in December and the ecommerce company received a billion dollar valuation in February. Another Emirati ecommerce company,, obtained $1 billion in funding in November 2016, and has said it will begin operating in January 2017.

Using the CB Insights database, we mapped the 32 most well-funded tech startups in the UAE. We only included companies that have raised funding since 2013.

The most active investor in the UAE’s most well-funded tech startups, by number of deals, is the venture firm Wamda Capital, followed by BECO Capital and then STC Ventures.

For the complete list of companies in this brief including their individual total disclosed funding amounts and investors, see the table under the key insights section below the infographic.

Key insights about these companies:

  • Most (40 percent) have raised between $500,000 and $2 million.

  • Half of these companies are ecommerce focused.

  • All are headquartered in the Emirate of Dubai.

  • Collectively, these companies have raised approximately $2.3 billion.

  • The most active investor in these companies, by number of deals, is the venture firm Wamda Capital.

  • Track all the UAE startups in this brief and others from the MENA region on our platform

  • MENA’s tech startups are rising fast. Sign up for a free trial and look for MENA Tech Startups in the Collections tab.

The Most Well-Funded Tech Startups In The UAE 2013 – 2016


Total Disclosed Funding

   Disclosed Investors



Mohamed Alabbar; Public Investment Fund of Saudi Arabia

Careem Networks


Al Tayyar Travel Group; Arzan Venture Capital; BECO Capital; El Sewedy Group; Endure Capital; ImpulseVC; Lumia Capital; Rakuten; Saudi Telecom Company; SQM Frontier Management; STC Ventures; The Abraaj Group; Undisclosed Angel Investors; Wamda Capital


Baillie Gifford & Co.; International Finance Corporation; Naspers; Standard Chartered Mid-Market Mid-Cap Fund; Tiger Global Management

Pacific Control Systems


Ajman Bank; Dubai Islamic Bank; National Bank of Fujairah; National Bank of Oman; Sharjah Islamic Bank; United Arab Bank



Al Tayyar Travel Group



Undisclosed Investors


Catcha Media; Frontier Digital Ventures; Vostok New Ventures



Delta Partners; Endeavor Global; Mobily Ventures; New Enterprise Associates; TriplePoint Capital; Winklevoss Capital

The Luxury Closet


Arzan Venture Capital; Dubai Silicon Oasis Capital; equitrust AG; MENA Venture Investments; Middle East Venture Partners; Saned Partners; twofour54; Wamda Capital



Accel Partners; Al Sanie Group



Dubai Silicon Oasis Capital; Mulverhill Associates; Saned Partners; STC Ventures; Wamda Capital



500 Startups; iMENA Group; Jisr Venture Partners; Silicon Badia



Gulf Cooperation Council; Kingdom of Saudi Arabia; MENA Venture Investments; Silicon Badia



BECO Capital; Precinct Partners

Mini Exchange


Undisclosed Angel Investors; Undisclosed Investors



BECO Capital



STC Ventures






Funsho International



MENA Venture Investments; Silicon Oasis Investments



Dunamis Ventures; Undisclosed Angel Investors

GlamBox Middle East


Initial Capital; MBC Investments; R&R Venture Partners; STC Ventures



Hummingbird Ventures



MENA Venture Investments



Amjad Ahmad; Millennial Partners & Co; Precinct Partners



Middle East Venture Partners



500 Startups; Arzan Venture Capital; BECO Capital; Dubai Silicon Oasis Capital; Hala Fadel; Odin Financial Advisors; Womena


Jabbar Internet Group; Wamda Capital



Abed Shaheen; Arzan Venture Capital; EquiTrust; In5; Nader Museitif; Saad Mouasher; Sabah al Bader; Sheikh Hamad Jaber Al Ahamad Al Jaber Al Sabah; Wamda Capital



Undisclosed Investors



EquiTrust; Rabea Ataya; Wamda Capital



Arzan Venture Capital; Undisclosed Angel Investors; Wamda Capital


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