One in three startups in the Cohort is based in the UAE, showcasing the nation’s growing status as a global entrepreneurship hub
tech startup
Latest in tech startup
Funding
Amplify Growth Partnership launches $100mn debt fund for tech and SMEs in MENAT
It also announced its first financing deal in Saudi Arabia
fundraising
Middle East startup funding is overheating: It’s time to slow down
The region’s tech and startup ecosystem today is more sober, compared to the feverish market environment as recent as the start of 2022 when the world was coming out of the pandemic
Edtech
‘Twitter’s loss is Dubai’s gain’: Mass firing by tech firms to trigger surge in tech talent movement to UAE
Fintech, edtech and healthtech ventures are the most sought after sectors for techies moving from India and other parts of the world to the Gulf country
Abu Dhabi
Abu Dhabi’s Hub71, GetFundedAfrica launch partnership programme to help startups to make cross-border expansion
Under the tie-up, the duo will assist startups in various areas such as getting local company setup assistance, licensing, bank account opening and customer and investor referrals
Adobe
Adobe to buy software design startup Figma for $20 billion
Figma’s Dylan Field will continue to operate as the startup’s chief executive officer, following the acquisition
AgTech startups
Revealed: 30 Rising Startups from the Middle East 2022
The Middle East startup sector is heating up, with small businesses innovating rapidly today to solve the problems of tomorrow. In celebration of the innovators and entrepreneurs driving the future, Arabian Business is introducing its 30 Rising Startups of 2022
business funding
Unlocking the digital economy towards a resilient startup ecosystem
The pandemic accelerated the digital transformation of many sectors, and put a greater emphasis on innovation
AB In Focus
Video: Why Dubai offers entrepreneurs ‘unique’ opportunities
Comparatively nascent to the startup ecosystem, the UAE is less competitive than North America with more chances of success
business opportunities
Why the UAE is the future of startups and tech
Founded in Toronto, ConvrtX moved its headquarters to Dubai in response to the UAE’s coronavirus response and the city’s ‘unique’ opportunities
Al Waha Fund of Funds
Bahrain’s Al Waha to invest $85mn in Israel-based digital health-focused fund
Al Waha’s Fund of Funds’ partnership with LionBird will also seek to aid Bahraini and GCC startups in navigating the complex US healthcare market
Abu Dhabi
A look at the 16 new startups that are bolstering Hub71’s growing tech ecosystem in Abu Dhabi
The new cohort of startups, which include fintech, healthtech, edtech firms, have already collectively raised more than $62.8 million in funding
MENA startups
Revealed: 10 initiatives that help UAE startup owners with funding, long-term visas, and talent acquisition
Looking for more information on the region’s startup scene, including funding and venture capital opportunities? Here are 10 startup initiatives you need to learn more about.
Abu Dhabi
Abu Dhabi’s ADQ, Turkey Wealth Fund support high-growth potential firms with $300mn venture capital fund
The fund will invest in companies developing emerging technologies or improving existing technologies in significant sectors such as energy and utilities, healthcare, life sciences, food, agriculture, mobility, logistics, financial services, and education
Abu Dhabi
Hub71 witnesses $8.16mn in investments for Abu Dhabi startups in 2021 with over 20 corporate deals
The aggregate valuation of Hub71 startups soared to $1.59 billion (AED 5.87 billion), with close to 1,000 jobs created since its inception in 2019
Abu Dhabi
Second cycle of Ignite Accelerator Programme for innovative startups launched by Flat6Labs, DisruptAD
In addition to offering seed funding of up to$149,740, and subsequent funding of up to $544,500, the programme gives selected start-ups tailored support, world-class mentorship, and considerable access to ADQ’s network and resources
AI infrastructure
Mohammed Bin Rashid Innovation Fund provides $1.36mn in funding to q-commerce tech startup Quiqup
The guarantee for a loan from MBRIF enables Quiqup to access affordable debt finance to continuously invest in their research and development capabilities and strengthen their innovative technology solution, as they plan to scale across the region
