Dubai-based VC investors are a new and dynamic type of an entrepreneur, which have evolved over the past few years. Therefore, it is no surprise that several of them have been among the top ten investors in the world during the past years. As this trend continues with the Gulf's expansion, the region attracts more high profile entrepreneurs to Dubai with their innovative business ideas and unique approaches to capital raising. It is interesting to follow their paths to success as they set new records in business in UAE and other gulf states.
This article is part of a series where we present you the best Venture Capital firms across different cities and countries. Here you can view the ranking for United Arab Emirates.
Top Venture Capital Firms in Dubai
FasterCapital is an online incubator, accelerator, and service provider. We help startups and small businesses worldwide and invest in them in a work-per-equity model. We provide either technical development per equity or business development per equity. We help startups and SMEs that are raising capital from angel investors, VCs, micro VCs, and other funding sources.
FasterCapital most notable exits include Huddle, RightNow Technologies, and Timios National Corp..
VentureSouq operates a large co-investment platform with a global investment portfolio.
Total fund size: $50M
VentureSouq most notable exits include Souqalmal, Cloosiv, and Hoss.
3. Wamda Capital
Wamda Capital is the MENA region's leading venture capital firm investing in exceptional entrepreneurs building the region's most promising high growth technology businesses. We invest both at the growth and seed stages with the aim of taking portfolio companies through successive rounds of financing through to exit.
Total fund size: $125.7M
Wamda Capital's most notable exits include Careem, MUNCH:ON, and Mumzworld.
4. Middle East Venture Partners (MEVP)
MEVP is a Middle East-focused venture capital firm that invests in the early and growth stages of innovative companies run by talented entrepreneurs in the Middle East Region with a focus on the GCC and Levant countries.
With offices in Beirut, Dubai, Bahrain and Riyadh and more than USD 260 million in Assets Under Management, MEVP is the largestand most established VC firm in this region, with clear cross border investment appetite.
Total fund size: $327M
Middle East Venture Partners (MEVP)'s most notable exits include Anghami, Volt Lines, and TreasuryXpress.
5. Vy Capital
Vy Capital is an investment firm that focuses on the internet and software industry. It was founded in 2013 by Alexander Tamas and is headquartered in Dubai, United Arab Emirates.
Total fund size: $354.1M
Vy Capital's most notable exits include Reddit, Zomato, and Rigetti Computing
6. BECO Capital
BECO Capital provides growth capital and hands-on operational support for early-stage technology companies. It is a technology-focused venture capital that supports entrepreneurs and financial sectors to raise funds. The company helps small companies with growth capital and hands-on operational mentorship in their early stage of development. Itwas founded in 2012 and is based in Dubai, United Arab Emirates.
Total fund size: $150M
BECO Capital's most notable exits include Careem, Swvl, and JadoPado.
7. Empede Capital
Empede Capital is a Venture Capital investor, founded by a team of highly skilled professionals with deep expertise across Cyber, Technology, Construction & Investment Banking. With a clear focus on innovation & industry disruption, Empede invests in direct and indirect opportunities globally. Leveraging off the founders’ domain expertise, the opportunity to provide value-add strategic advice & deploy “smart capital”, is a key factor in investment selection.
Empede Capital's most notable exits include BlockFi, Unity, and Ginkgo Bioworks.
8. Global Ventures
Global Ventures is an international venture capital firm, investing in founders and ideas across emerging markets. The Global Ventures team is a diverse, collaborative, talented, and curious group of professionals who, combined, have years of experience and expertise building and scaling companies.
Total fund size: $1.5M
Global Ventures most notable exits include MUNCH:ON and Mumzworld.
9. Morningstar Ventures
Morningstar Ventures is an investment firm backing ambitious ideas by early-stage founders. Based in Dubai, Morningstar Ventures focuses primarily on the blockchain and digital assets space and is led by Chief Investment Officer Danilo S. Carlucci. The firm is active in both token investments and equity investments and has a particularly strong focus on the Elrond ecosystem. In October 2021 Morningstar Ventures launched the Elrond Dubai Incubator to support projects building with Elrond technology.
10. Woodstock Fund
Woodstock Fund is a multi-asset investment fund that focuses on early and growth-stage Distributed Ledger Technology (DLT) startups.