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

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 $1B in 2016. The ride hailing company Careem Networks reached unicorn status in December and the e-commerce company received a billion dollar valuation in February. Another Emirati e-commerce company,, obtained $1B 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.

Exploring Investments: Middle East & North Africa
In this webinar we'll focus on investors that are active in the private markets and particularly on the activity of investors with a history of backing private technology companies.

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.

Click on the image below to enlarge. 

Brief Body Infog4

Key insights about these companies: 

    • Most (40%) have raised between $500K and $2M.
    • Half of these companies are e-commerce focused.
    • All are headquartered in the Emirate of Dubai.
    • Collectively, these companies have raised approximately $2.3B.
    • The most active investor in these companies, by number of deals, is the venture firm Wamda Capital.

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The Most Well-Funded Tech Startups In The UAE 2013 – 2016
Company Total Disclosed Funding Disclosed Investors
Noon  $1B Mohamed Alabbar; Public Investment Fund of Saudi Arabia
Careem Networks  $ 422M 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  $ 390M Baillie Gifford & Co.; International Finance Corporation; Naspers; Standard Chartered Mid-Market Mid-Cap Fund; Tiger Global Management
Pacific Control Systems  $ 272M Ajman Bank; Dubai Islamic Bank; National Bank of Fujairah; National Bank of Oman; Sharjah Islamic Bank; United Arab Bank
Wadi  $   67M Al Tayyar Travel Group
Bayut  $   29M Undisclosed Investors  $   20M Catcha Media; Frontier Digital Ventures; Vostok New Ventures
Fetchr  $   11M Delta Partners; Endeavor Global; Mobily Ventures; New Enterprise Associates; TriplePoint Capital; Winklevoss Capital
The Luxury Closet  $   10M Arzan Venture Capital; Dubai Silicon Oasis Capital; equitrust AG; MENA Venture Investments; Middle East Venture Partners; Saned Partners; twofour54; Wamda Capital
HolidayME  $     7M Accel Partners; Al Sanie Group
Compareit4me  $     5M Dubai Silicon Oasis Capital; Mulverhill Associates; Saned Partners; STC Ventures; Wamda Capital
Reserveout  $     5M 500 Startups; iMENA Group; Jisr Venture Partners; Silicon Badia
Wysada  $     5M Gulf Cooperation Council; Kingdom of Saudi Arabia; MENA Venture Investments; Silicon Badia
Bayzat  $     5M BECO Capital; Precinct Partners
Mini Exchange  $     4M Undisclosed Angel Investors; Undisclosed Investors
JadoPado  $     4M BECO Capital
ikoo  $     3M STC Ventures
MoveSouq  $     3M Addventure
Brndstr  $     2M Funsho International
Qordoba  $     2M MENA Venture Investments; Silicon Oasis Investments
Fabogo  $     2M Dunamis Ventures; Undisclosed Angel Investors
GlamBox Middle East  $     1.4M Initial Capital; MBC Investments; R&R Venture Partners; STC Ventures
Souqalmal  $     1.2M Hummingbird Ventures
TaskSpotting  $     1.2M MENA Venture Investments
mrUsta  $     1.1M Amjad Ahmad; Millennial Partners & Co; Precinct Partners
Potential  $     1M Middle East Venture Partners
Wrappup  $     800K 500 Startups; Arzan Venture Capital; BECO Capital; Dubai Silicon Oasis Capital; Hala Fadel; Odin Financial Advisors; Womena  $     800K Jabbar Internet Group; Wamda Capital
Boxit  $     700K 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
UrbanBuz  $     700K Undisclosed Investors
GEEKS  $     600K EquiTrust; Rabea Ataya; Wamda Capital
Lunch:on  $     500K Arzan Venture Capital; Undisclosed Angel Investors; Wamda Capital

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