The entrepreneurial culture has grown massively in the United Arab Emirates over the past few years. This has led to a never-before seen wealth of capital available for investment. Here is a list of the top 9 VC investors in the United Arab Emirates that are shaping the future of tech innovation in the Middle East.
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 Dubai.
Top Venture Capital Firms in United Arab Emirates
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's 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's most notable exits include Souqalmal, Hoss, and Cloosiv.
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, Mumzworld, and MUNCH:ON.
4. Shorooq Partners
Shorooq Partners invests in early stage technology startups with a focus on the MENAP region. Based in Abu-Dhabi, the fund strives to invest in areas of technology that are specific to the region, with a particular interest in FinTech, Platforms, Software, and Tech-enabled business services. In 2021, Shorooq also launched the region’s first venture debt fund. Today their portfolio companies have generated more than $1.5bn of equity value, with world’s top sovereign wealth funds, corporates, families and individuals as partners.
Total fund size: $200M
Shorooq Partners's most notable exits include Melltoo, MUNCH:ON, and Spry Health.
5. Middle East Venture Partners
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 large stand 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 Melltoo, Anghami, and Volt Lines.
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.
BECO Capital was founded on February 1, 2014, by Dany Farha and Amir Farha, and it is headquartered in Dubai.
Total fund size: $150M
BECO Capital's most notable exits include Careem, Swvl, and JadoPado.
7. 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 Zomato, Reddit, and Rigetti Computing.
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's most notable exits include Mumzworld and MUNCH:ON.
9. Jabbar Internet Group
The exit of Souq to Amazon is the largest tech transaction of the region, and Souq continues to pave the way in e-commerce in the region. Souq was built from the ground up by the same team at Jabbar, who built the Maktoob portal before that. Maktoob was born out of a simple idea but with a vision that the Arabic Internet will grow and become an integral part of everybody's life, and grew to become the largest Arabic Internet property before Yahoo acquired it.
Both the Souq and Maktoob stories have become inspiring success stories in the region, where budding entrepreneurs and VC's alike, look to our team for inspiration and new ideas.
Today Jabbar continues to grow and pave the way for tech in the region. It is in this spirit that we embrace any entrepreneur who is willing to innovate and take risks in order to create something great. Jabbar nurtures such individuals and supports nascent ideas that are in line with its mission. So join our journey :-)
Lists Featuring This Company
Jabbar Internet Group's most notable exits include Souq and POSRocket.