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Top 10 UAE Venture Capital Firms Redifining Investment Landscape in Middle East

by Dr. Isma Amin
UAE-10

Venture capital is playing a vital role in making Gulf countries amazing and progressing the Middle East. Startups funded by VCs are disrupting the region’s traditional industries and creating new jobs and opportunities. These startups are attracting global attention and investment, which is further raising the region’s profile and making it more attractive to businesses and tourists. This momentum was also seen in the Dubai Gitex global event held in October 2023.

UAE Venture Capital Firms

Let’s unfold the Top 10 UAE Venture Capital Firms Redefining Investment Landscape Robotics:

1.     500 Startups

500 Startups is a global venture capital firm that has invested in over 2,500 startups in over 70 countries. It has an office in Abu Dhabi and has invested in several startups in the Gulf region, including Swvl, Truecaller, and Kitopi.

500 Startups

Number of startups funded 2,500+
Total capital raised $2.7 billion
Number of countries invested in 70+
Number of unicorns 20+
Notable exits Twilio, Udemy, Credit Karma, Grab, Instacart

2.     Algebra Ventures

Aljebra Ventures

Algebra Ventures is a Dubai-based venture capital firm that invests in early-stage startups in the Middle East and North Africa (MENA) region. It has invested in several startups in the Gulf region, including Fetchr, Yalla Startup, and Trukker.

Number of startups funded 25+
Total capital raised $200 million+
Number of countries invested in 10+
Notable exits Trella, Yodawy, Shift EV

3.     Anterra Capital

Anterra

Anterra Capital is a Dubai-based venture capital firm that invests in early-stage startups in the Middle East and North Africa (MENA) region. It has invested in several startups in the Gulf region, including Shopini, Vezeeta, and Bayzat.

Number of startups funded 20+
Total capital raised $260 million
Number of countries invested in 10
Notable exits Fetchr, Yodawy, Talabat

4.     Arzan Venture Capital

Arzan Venture Capital

Arzan Venture Capital is a Bahrain-based venture capital firm that invests in early-stage and growth-stage startups in the Middle East and North Africa (MENA) region. It has invested in several startups in the Gulf region, including Talabat, Careem, and Swvl.

Number of startups funded 40+
Total capital raised $350 million+
Number of countries invested in 10+
Notable exits Talabat, Careem, Swvl

5.     BECO Capital

BECO Capital

BECO Capital is a Dubai-based venture capital firm that invests in early-stage startups in the Middle East and North Africa (MENA) region. It has invested in several startups in the Gulf region, including InstaShop, Yalla Startup, and Kitopi.

Number of startups funded 20+
Total capital raised $170.4 million
Number of countries invested in 10
Notable exits InstaShop, Yalla Startup, Kitopi

6.     Global Ventures

Global Ventures

Global Ventures is a Dubai-based venture capital firm that invests in early-stage and growth-stage startups in the Middle East and North Africa (MENA) and Southeast Asia regions. It has invested in several startups in the Gulf region, including Fetchr, Yalla Startup, and Kitopi. Global Ventures is also playing a vital role in supporting and growing the startup ecosystem in the Gulf region.

Number of startups funded 50+
Total capital raised $340 million+
Number of countries invested in 10+
Notable exits Fetchr, Yalla Startup, Kitopi

7.     Plug and Play Tech Center

Plug and Play

Plug and Play Tech Center is a global innovation platform that connects startups, corporations, and investors through its accelerator programs. It has played a vital role in helping startups to grow and scale, and in connecting corporations and investors with the latest technologies.

Number of startups accelerated 3,000+
Total capital raised $10 billion+
Number of corporate partners 500+
Notable exits PayPal, Dropbox, Credit Karma, Rappi, Nutanix

8. WOMENA

Womena

WOMENA is a Dubai-based venture capital firm that invests in early-stage and growth-stage startups led by women founders in the Middle East and North Africa (MENA) region. It has invested in several startups in the Gulf region, including She’s Mercedes, She Talks, and Her Fashion Box. WOMENA is playing a vital role in supporting and growing the startup ecosystem in the Gulf region and in empowering women entrepreneurs.

Number of startups funded 10+
Total capital raised $100 million+
Number of countries invested in 10

9. EQ2 Ventures

EQ2

EQ2 Ventures is a Dubai-based venture capital firm that invests in early-stage and growth-stage technology startups in the Middle East. EQ2 Ventures is playing a vital role in supporting and growing the startup ecosystem in the Gulf region.

Number of startups funded 26+
Total capital raised $100 million+
Number of countries invested in 10+

10. Vy Capital

VY Capital

Vy Capital is a Dubai-based venture capital firm that invests in early-stage and growth-stage technology startups in the Middle East and North Africa (MENA) region and Southeast Asia. It has invested in several startups in the Gulf region, including Swvl, Careem, and Truecaller. Vy Capital is a secretive firm with a minimal public and digital presence. It has only a couple dozen employees, who are spread out around the world.

Number of startups funded 69
Total capital raised $790 million+
Number of countries invested in 10+
Notable exits 4
Portfolio valuation $10 billion+
Unicorn portfolio companies 8

 

Which Companies participated in GITEX

Following are some of the companies which participated in GITEX:

  • 500 Startups
  • Algebra Ventures
  • Anterra Capital
  • Arzan Venture Capital
  • BECO Capital
  • EQ2 Ventures

Which of these ventures have been funded recently

Following are the ventures which have been funded recently

  • EQ2 Ventures:
    • Fetchr
    • Yalla Startup
    • Kitopi
  • Vy Capital:
    • Swvl
    • Careem
    • Truecaller

What is the impact of these venture capital firms on the Gulf region

Venture capital firms are playing a vital role in the Gulf region by:

  • Investing in early-stage and growth-stage startups
  • Helping startups to grow and scale
  • Connecting startups with corporations and investors
  • Supporting and growing the startup ecosystem

Conclusion

The top venture capital firms in the UAE are investing heavily in technology startups, with a focus on artificial intelligence and fintech. These firms are playing a vital role in supporting and growing the startup ecosystem in the Gulf region. These firms have a strong track record of investing in successful startups, and they are playing a key role in helping the UAE to become a global hub for technology innovation.

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