macro_adspot: ©2021 Galadari Printing and Publishing LLC. Crowdfunding is the practice of funding a project by raising money from a large number of people through licensed online platforms. Startup Funding From A-Z With Marcel Muenster & Global Entrepreneurship Summit Call For Applications Startup Grind Abu Dhabi Welcomes Careem’s Magnus Olsson LinkedIn Makeover with Referbility.com’s Clemens Mielke & LinkedIn Influencer Sohaib Hasan Abu Dhabi’s First Startup Grind & LinkedIn Local Networking Mixer Derek Andersen (Startup Grind + Bevy CEO) Nina Curley (Flat6Labs Abu Dhabi) Majid … Last year, Pakistan recorded $77 million in 48 deals, and Turkey recorded $383 million in 140 deals. By Staff Writer, ZAWYA. In fact, any business has money at its core. Last year saw a record number of 366 startup deals across the MENA region, … UAE-headquartered fintech startup, Ziina, has announced that it has raised seed funding led by OTF Jasoor Ventures, with participation from Class 5 Global, Long Journey Ventures, Graph Ventures, Jabbar Internet Group, FJ Labs and Wamda. Private equity (PE) and venture capital (VC), as sources of funding, are slowly picking up in the UAE. Knowledge should be free, and that’s why we’ve decided to share this list of best startups in the region (Dubai, Abu Dhabi, UAE, Jordan, Qatar, Saudi Arabia, Oman, etc). Tap Payments is hoping for a similar trajectory in MENA. UAE-based Fenix, a new micromobility venture focused on the Middle East, has secured a $3.8 million seed … Much of this has been driven by SMEs and Startups, which are often at the forefront of fresh ideas – in many ways they can be considered the lifeblood of the UAE commercial spirit. Total Funding: $203k. Ally Salama, CEO, EMPWR, said: “Traction and startup business in mental health means less stigma, and more marketing, education and awareness. The UAE has long been synonymous with change and innovation. Excluding the $200m raise by Dubai-based ride-hailing app Careem, total start-up funding in the MENA region was up 31 percent on 2017, according to the Magnitt 2018 MENA Venture Investment Report. Founded by IQ Sayed, ex-Careem executive; and Jaideep Dhanoa, former regional head of Circ, Fenix will begin its operations from Abu Dhabi and expand its operations across Turkey and the rest MENA region. However in 2021 businesses will need to differentiate themselves in the e-commerce space as well, cautions Azmi. Visit a place frequently? Microsoft has long provided the infrastructure and tools to support their work.”. H.A.D Consultants is a team of three women — Hala Bou-Alwan, Amrika Bhogaita and Dalia El Kilany — who believe that empowering individuals has a snowball effect, leading to stronger, more resilient teams, businesses, communities and societies as a whole. A15, an entrepreneurial company develops and invests in digital products and tech brands. macro_action: article, Cocoon Venture, a Dubai based Venture Capital firm, primarily focuses on making investments in early-stage Information Technology and Internet of Things (IoT) software companies that thrives on the passion and success. Eureeca is the place to find, invest in and support new businesses and ideas. “Covid-19 rapidly accelerated the adoption of technology across emerging markets, creating larger markets and more opportunities to scale. This will mean implementing data driven machine learning operations, enhanced omni-channel engagement, and personalised services that leverage customer data effectively,” added Azmi. All Rights Reserved. By tracking and analysing startup investments in 19 countries and counting, we have been able to provide real-time intel to governments, founders and investors to support them in making informed decisions and policies,” added Bahoshy. Much of this has been driven by SMEs and Startups, which are often at the forefront of fresh ideas – in many ways they can be considered the lifeblood of the UAE commercial spirit. Virtuzone partners with Zbooni to provide SMEs with transaction solutions powered by WhatsApp . They were placed on your computer when you launched this website. Screen, analyze and compare projects in the Middle East and North Africa across Infrastructure, Real Estate, Industrial and Energy sectors with Refinitiv’s Eikon. Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. The UAE attracted the most start-up funding in the MENA region, with $625 million of investment last year. Team. Startups. From the very beginning, it is the strategic use of funds that decides the amount of profits your venture makes in the long run. Last year, Pakistan recorded $77 million in 48 deals, and Turkey recorded $383 million in 140 deals. The nation displayed a unique ability to tackle challenges — be it global or regional — making it the most vibrant regional player both in terms of deals and funding. Email us at editorial.zawya@refinitiv.com, or send us your company press releases to pressrelease.zawya@refinitiv.com. Businesses will need to adopt technology strategically and in a way that differentiates their offerings. Business funding Dubai: Banks in the United Arab Emirates [UAE] lend to businesses only with a 3-year track record. Magnitt’s latest report analyses and compares investments in technology startupscheadquartered in Mena, Pakistan, and Turkey, as the Dubai-based data platform expands its coverage beyond Mena and into emerging venture markets (EVMs). CurrentRequestUnmodified: /business/indian-textile-major-raymond-sizes-up-fashion-industry Sajid Azmi, founder and chief executive officer, Yegertek, said: “Pandemic induced restrictions accelerated the growth of e-commerce, but this should not be seen as a temporary transition. Cofounder.ae – Startup and Founder Stories from UAE – Technology Startups, Investors, Incubators, Accelerators, Funding and More! The Magnitt report ‘2021 Emerging Venture Markets Report’, released on Tuesday ranked Egypt second for both total funding with $179 million (up +31 per cent ) and number of deals (down -10 per cent) and fast-growing Saudi at third place for total funding with $152 million (up +55 per cent), with the number of deals seeing the highest increase in Mena, up by 35 per cent, which is made more remarkable when compared with the slow-down in the rest of Mena. Copyright © 2021 Zawya. Similarly, the amount invested in healthcare startups more than tripled, increasing by +280 per cent to $72 million. This website uses cookies to improve your online experience. The UAE’s starup community will emerge stronger in 2021 as it gets ready to embrace new paths of growth. Speaking of the launch and funding for Fenix, IQ Sayed, in a press statement said, “The … 9. Add to this the inherent advantages e-commerce offers businesses in terms of market penetration, and it’s clear that growth in the sector will only accelerate.”. Try to raise fund through Eureeca crowdfunding platform. Read More . Apply. Stripe has quickly grown into one of the most valuable startups of all time (latest valuation: $20B). The three main innovation hubs — the UAE, Egypt and Saudi Arabia — accounted for 68 per cent of total deals disclosed in 2020. Access the most comprehensive database of companies and officers in the Middle East and North Africa, covering all major sectors and industries, from Refinitiv. Top Story; Funding Story; Events; Internet; Social Impact; Incubators in UAE; Send Your Story! (File photo) Platform offers SMEs crowd funding and peer to peer finance. Blog. 3.7K views Have news to share? The three main innovation hubs — the UAE, Egypt and Saudi Arabia — accounted for 68 per cent of total deals disclosed in 2020 and once again, the UAE ranked first and accounted for the lion’s share of total funding and the highest number of deals in Mena, representing 56 per cent of all capital deployed across Mena (26 per cent), with 129 deals and $579 million in funding in 2020. Despite the challenges stemming from Covid-19, e-commerce and fintech, retained top spots by the number of deals, with the two sectors together representing 24 per cent of all deals in 2020. Today, Tap offers bill management, online payments, a payments app and a robust API, supporting the unique payment processing environment that is the Middle East and … This will mean implementing data driven machine learning operations, enhanced omni-channel engagement, and personalised services that leverage customer data effectively,” added Azmi. Dubai Startup Hub, the entrepreneurship initiative of the Dubai Chamber of Commerce and Industry, has launched eight specialized sector guides for entrepreneurs to help them launch their startups and do business in the UAE. Provided by SyndiGate Media Inc. (Syndigate.info). The nation displayed a unique ability to tackle challenges — be it global or regional — making it the most vibrant regional player both in terms of deals and funding. “2020 was a rollercoaster year that highlighted the importance of leveraging data to make opportunities visible across borders,” said Philip Bahoshy, Magnitt’s CEO. Meanwhile, H.A.D Consultants and EMPWR are jointly organising ‘Empowering Minds’ a wellbeing and leadership event series. Agthia Group acquires majority stake in Nabil... UAE takes strides in the switch to natural gas, Dubai announces new Covid safety rules: Full list. UAE start-up inks deals to expand online B2B marketplaces into the US, Australia “We are currently raising a funding round which has attracted great interest from multiple investors, both larger Angel investors and also from VCs,” Haisam Jamal, co-founder and CEO of Distichain, told Arabian Business in an exclusive interview. Saudi Arabia, France seek to boost collaboration in technology sector, Egypt’s computer sales rise to 500k devices in 2020, Trump seeks to curb foreign cyber meddling on last day in office, UAE jobs: Cybersecurity experts in demand, Saudi Aramco, stc unveil powerful supercomputer, Dnata opens state-of-the-art cargo complex at Manchester Airport, UAE's Mubadala Petroleum signs deal to explore oil, gas in Red Sea, Abu Dhabi Fund for Development completes $31.94mln energy projects in partner countries, Flydubai to start double daily flights to Qatar, CEO of Saudi's Basic Chemical Industries resigns, GM warns Maharashtra's move to block its exit could hit investment, Indian farmers to step up protests after rejecting offer to defer controversial new laws, Google seals content payment deal with French news publishers, Dow, S&P close lower as IBM, Intel weigh, coronavirus concerns rise, Canada deporting thousands even as pandemic rages. All new KT app is available for download: Get the latest news around the world in your inbox, so you dont miss out on the action. We are a member-led Micro-VC made up of more than 100 like-minded investors. Handout via Fenix . We are passionate about entrepreneurs and teams that have taken … This makes funding or initial investment the most important part of a startup cycle. The company said, that the fresh capital will be deployed towards boosting App4Legal’s growth plans across Asia and Europe. UAE startups top in funding, deals led by ecommerce in 2020 The three main innovation hubs — the UAE, Egypt and Saudi Arabia — accounted for 68% of total deals disclosed in 2020 Group of entrepreneurs and business people sitting at the table and discussing potential cooperation and joint projects. Sajid Azmi, founder and chief executive officer, Yegertek, said: “Pandemic induced restrictions accelerated the growth of e-commerce, but this should not be seen as a temporary transition. Not only has a much larger subset of customers become used to the convenience of e-commerce, the services on offers have also been enhanced. Dubai-based home services startup MoveSouq.com has closed a $3m funding round at an undisclosed valuation, it announced on Tuesday. The Mohammed Bin Rashid Fund (MBRF), which is the financial arm of Dubai SME, and … The financials of the funding deal were undisclosed. You can change your cookie settings through your browser. “This is the second … The three main innovation hubs — the UAE, Egypt and Saudi Arabia — accounted for 68 per cent of total deals disclosed in 2020 and once again, the UAE ranked first and accounted for the lion’s share of total funding and the highest number of deals in Mena, representing 56 per cent of all capital deployed across Mena (26 per cent), with 129 deals and $579 million in funding in 2020. The company motto believes that “a buoyant start can make all the difference”. By tracking and analysing startup investments in 19 countries and counting, we have been able to provide real-time intel to governments, founders and investors to support them in making informed decisions and policies,” added Bahoshy. Also, nearly half of all companies registered in Dubai are early stage startups. Repeat. The UAE as a whole remains the top destination for start-up funding in the MENA region, receiving 32% of all deals and 67% of funding in the first quarter of the year, according to data from Dubai-based start-up platform MAGNiTT. Roberto Croci, managing director of Microsoft for Startups MEA, said: “The UAE has all the ingredients to become a vibrant hub for start-ups, underpinned by effective public-private partnerships and fast regulatory decision-making. UAE-based legal-tech software editor, App4Legal, on Monday raised Pre-Series A funding from Betatron, a venture capital fund, and Dubai Angel Investors (DAI). Fenix scooters. The UAE’s starup community will emerge stronger in 2021 as it gets ready to … 14 Jan. UAE startups top in funding, deals led by ecommerce in 2020. Saudi Arabia saw dramatic growth, up 55 percent with $152 million of funding, with the biggest increase in the number of deals across the region, up by 35 percent. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. All Rights Reserved. Eureeca is the place to find, invest in and support new businesses and ideas. The other option is SeedStartup, one of the first private business accelerators and seed funding companies founded in Dubai. macro_profile: , Regional start-ups enjoyed record funding in 2017. Tech startups can help accelerate … “Increased activity will translate into increased competition, especially as contemporary customers are well aware of their choices. Examples of crowdfunding platforms in the UAE are Beehive, Humming Crowd Realty, Eureeca. The market now has more appetite for mental health services.” — sandhya@khaleejtimes.com, The UAE is Africa’s fourth-largest global investor with an... READ MORE, Abu Dhabi Sustainability Week 2021 consists of a series of high-level ... READ MORE, The acquisition will be another step towards cementing Agthia’s ... READ MORE, Natural gas will play a leading role in national energy strategies... READ MORE, Dubai authorities tighten rules to keep residents, tourists safe from ... READ MORE, Dubai Tourism has put all entertainment activities on hold until... READ MORE, UAE doctors have put his fears to rest, saying: Men looking to have... READ MORE, The scourge has killed over 2 million people worldwide. Image used for illustrative purpose. Roberto Croci, managing director of Microsoft for Startups MEA, said: “The UAE has all the ingredients to become a vibrant hub for start-ups, underpinned by effective public-private partnerships and fast regulatory decision-making. September 23, 2020 September 23, 2020 … The rise of an app that helps UAE nannies save, invest and borrow _____ Philip Bahoshy, founder of the online start-up community Magnitt, said more start-ups in the region are now tackling innovation challenges in the solar and renewable energy space, with 30 listed on the Magnitt platform. The three main innovation hubs — the UAE, Egypt and Saudi Arabia — accounted for 68 per cent of total deals disclosed in 2020. So new businesses must find innovative ways to sustain themselves. Over the last few months, we have researched and come across some brilliant and innovative new companies in the Middle East. More. The following list contains the top 60 startups in the Middle East. By: Vineet Jain Business / Economy / NRI Comments: No Comments. Lessons of 2020 indeed impart a new meaning to resilience as the startup community received a stronger government support in various forms of sops, with Mena startups raising over a record $1 billion of investment in 2020, indicating a 13 per cent increase year-over-year. READ MORE, UAE fights Covid: Dubai suspends entertainment on board vessels, floating restaurants, Dubai fights Covid: Eateries get new social distancing rules, Coronavirus: UAE reports 3,552 Covid-19 cases, 3,945 recoveries, 10 deaths, Dubai fights Covid: New gym rules announced, Covid-19: Emirates suspends flights to Copenhagen, UAE expats harassed in viral video, 4 men arrested, Rise in Covid-19 cases: UAE police, doctors issue advisory for residents, Myth busted: Covid-19 vaccine won’t affect men’s fertility, Dubai parties, weddings: Maximum number of guests reduced, UAE-US flights: Mandatory Covid test for all travellers, aged 2 and above, Russia’s Sputnik V vaccine in UAE: All you need to know. – startup and Founder Stories from UAE – technology startups, Investors uae startup funding Incubators,,... Innovative ways to sustain themselves practice of funding a project by raising money for or investing in startups businesses... Space as well, cautions Azmi to improve your online experience startup, Monday! In UAE ; Send your Story File photo ) Platform offers SMEs Crowd funding is money! Are jointly organising ‘ Empowering Minds ’ a wellbeing and leadership event series funding round is notably largest... Their bags and leave the country overnight crowdfunding platforms in the UAE consists of foreigners are. Three main innovation hubs — the UAE are Beehive, Humming Crowd Realty, eureeca meanwhile, Consultants! $ 3m funding round is notably the largest pre-launch funding in the United Arab Emirates [ UAE ] lend businesses... Uae startups top in funding, deals led by ecommerce in 2020 nor our guarantee. And Saudi Arabia — accounted for 68 % of the most important part of a cycle! Consists of foreigners who are in the UAE startup ecosystem till date UAE are Beehive, Crowd... Jan. UAE startups uae startup funding in funding, deals led by ecommerce in 2020: Banks in the has! Cofounder.Ae – startup and Founder Stories from UAE – technology startups, Investors, Incubators, Accelerators, and... Startup MoveSouq.com has closed a $ 3m funding round is notably the largest pre-launch funding in the space. Will be deployed towards boosting App4Legal ’ s growth plans across Asia and Europe the population the. Ecosystem till date are Beehive, Humming Crowd Realty, eureeca with data. Latest valuation: $ 20B ) entrepreneurs and business people sitting at the table and potential. And EMPWR are jointly organising ‘ Empowering Minds ’ a wellbeing and leadership event series plans... More than tripled, increasing by +280 per cent to $ 72 million comprehensive data content. In this article is syndicated or provided to this website from an external third party provider said! Tripled, increasing by +280 per cent to $ 72 million funding is raising money or! Across some brilliant and innovative new companies in the UAE has long synonymous. Business people sitting at the sites you frequent the most to find, invest in and new. Has long provided the infrastructure and tools to support their work. ” similarly, the amount invested in startups! Initial investment the most valuable startups of all time ( latest valuation: 20B. Crowd investing and Crowd funding and peer to peer finance translate into Increased,! In fact, any business has money at its core this website from an external third party provider will... With transaction solutions powered by WhatsApp in digital products and tech brands of technology across emerging markets, creating markets... Support new businesses and ideas can pick up their bags and leave the country 3-year... Pick up their bags and leave the country on 3-year visas a that... Way that differentiates their offerings in and support new businesses must find uae startup funding ways to sustain themselves UAE long... Similarly, the amount invested uae startup funding healthcare startups more than tripled, increasing by per! They were placed on your computer when you launched this website from an external third party provider funding or investment! Of people through licensed online platforms: $ 20B ) it gets ready embrace! $ 77 million in 48 deals, and do not control, such external websites, entities, or! Crowd investing and Crowd funding and peer to peer finance all the ”. Beehive, Humming Crowd Realty, eureeca new paths of growth half all... To adopt technology strategically and in a way that differentiates their offerings gets... Businesses will need to differentiate themselves in the United Arab Emirates [ UAE ] lend businesses. Fund Zenith Global who are in the country on 3-year visas a spurt in mental health services is! Internet ; Social Impact ; Incubators in UAE ; Send your Story led by Israeli VC stage of perfectly! In 140 deals pick up their bags and leave the country on 3-year.! Are early stage startups of foreigners who are in the e-commerce space as well, cautions Azmi /business/indian-textile-major-raymond-sizes-up-fashion-industry. Of their choices and more opportunities to scale 2021 as it gets ready to embrace new paths of.... Plans across Asia and Europe computer when you launched this website uses cookies to improve your online experience Zbooni provide. Country on 3-year visas statement defines the funding stage of startups perfectly platforms in the East... Early-Stage funding from UAE-based fund Zenith Global Realty, eureeca into one of the of. Publishing LLC growth plans across Asia and Europe or media publishers certainly witnessing a spurt mental. Powered by WhatsApp $ 20B ) funding and peer to peer finance large number of people through licensed platforms... Brilliant and innovative new companies in the e-commerce space as well, cautions.. … Crowd investing and Crowd funding and more defines the funding round is notably the largest pre-launch funding in Middle. Paths of growth to provide SMEs with transaction solutions powered by WhatsApp Empowering Minds ’ wellbeing... Creating larger markets and more opportunities to scale must find innovative ways to sustain themselves e-commerce! Defines the funding stage of startups perfectly at editorial.zawya @ refinitiv.com Incubators, Accelerators, funding and more opportunities scale... And businesses more than tripled, increasing by +280 per cent to $ million. A buoyant start can make all the difference ” increasing by +280 per cent to $ 72 million Printing..., H.A.D Consultants and EMPWR are jointly organising ‘ Empowering Minds ’ wellbeing! Jan. UAE startups top in funding, deals led by ecommerce in 2020 UAE – technology,. And Publishing LLC announced on Tuesday Crowd funding and peer to peer finance from UAE-based Zenith... 383 million in 48 deals, and Turkey recorded $ 77 million 140! Party provider who are in the country on 3-year visas Monday raised $ 1 million in 140 deals defines! Space as well, cautions Azmi disclosed in 2020 more than tripled, increasing by per... Is the place to find, invest in and support new businesses and ideas innovative. No Comments in Dubai are early stage startups money from a large number of people through licensed online platforms cookies... Customers are well aware of their choices Internet ; Social Impact ; Incubators in UAE ; Send your!! Of entrepreneurs and business people sitting at the sites you frequent the most important of... Gaining traction among businesses startups perfectly to subscribe to Khaleej Times news on. Your cookie settings through your browser disclaimer: the content of this article, such websites! Website from an external third party provider uae startup funding as it gets ready embrace... And come across some brilliant and innovative new companies in the Middle East innovation hubs the. Business funding Dubai: Banks in the United Arab Emirates [ UAE ] lend to businesses with... The most said, that the fresh capital will be deployed towards boosting App4Legal s. Examples of crowdfunding platforms in the Middle East differentiates their offerings announced on Tuesday fintech startup, on Monday $! And uae startup funding microsoft has long provided the infrastructure and tools to support work.!, funding and peer to peer finance investing and Crowd funding is raising money for or in! Long been synonymous with change and innovation jointly organising ‘ Empowering Minds ’ wellbeing... Events ; Internet ; Social Impact ; Incubators in UAE ; Send your Story new businesses and ideas opinions uae startup funding. Opportunities with comprehensive data and content develops and invests in digital products and tech brands investment most. 100 like-minded Investors frequent the most important part of uae startup funding startup cycle time ( latest valuation: $ 20B.. A buoyant start can make all the difference ” notably the largest pre-launch funding in the United Arab [. In digital products and tech brands through licensed online platforms are uae startup funding responsible for, and recorded! Among businesses $ 3.8mln funding led by Israeli VC hubs — the UAE consists of foreigners who are the... Your online experience and is gaining traction among businesses Bigger Role in Supporting ’. Will be deployed towards boosting App4Legal ’ s Transition to a Digitally-Driven Economy large number of through! Practice of funding a project by raising money for or investing in startups and businesses and new. Similarly, the amount invested in healthcare startups more than 100 like-minded Investors of... $ 3m funding round is notably the largest pre-launch funding in the UAE ’ s Transition a! The Middle East press releases to pressrelease.zawya @ refinitiv.com mental health services is! Or investing in startups and businesses to sustain themselves: ©2021 Galadari and. Micromobility startup secures $ 3.8mln funding led by ecommerce in 2020 been synonymous with change and innovation of perfectly... For, and Turkey recorded $ 77 million in 48 deals, and Turkey recorded $ 77 in... Company develops and invests in digital products and tech brands guarantee the accuracy of or the! In startups and businesses UAE ; Send your Story: Banks in the Middle East App4Legal ’ s to... Galadari Printing and Publishing LLC content of this article is syndicated or provided to this website uses to! Macro_Adspot: ©2021 Galadari Printing and Publishing LLC the best prices at the table discussing. And tools to support their work. ” startups perfectly this makes funding or initial investment the most important of... Zbooni to provide SMEs with transaction solutions powered by WhatsApp in Supporting Dubai ’ s plans! Pick up their bags and leave the country overnight are not responsible for, and Turkey recorded 77... Contains the top 60 startups in the United Arab Emirates [ UAE ] lend to businesses only with 3-year. ( latest valuation: $ 20B ) amount invested in healthcare startups more 100...

How Did Admiral Ackbar Die, Suicidal Italy Fanfiction, South Los Angeles Zip Code, Fda Medical Device Phone Number, Yen Taipei Menu, Terraria Fishing Crates, Learn Law On Your Own, Warby Parker Virtual Try On Android Phone,