TITANS OF TECH - MIDDLE EAST

The Middle East has historically served as a crossroads for trade and cultural exchange. Today, it has evolved into an important player in the global technology ecosystem.?The first Middle East edition of the marquee Titans of Tech report aims to provide an overview of the tech landscape in the region and the road ahead for?growth.

MENA TECH STARTUP LANDSCAPE

The startup ecosystem is continuing to evolve rapidly, with an increasing number of tech companies securing substantial funding from both local and international investors. Notably, the region has witnessed significant growth in the number of scaleups – defined as startups that have raised $1 million in capital or more. Last year alone, 158 new scaleups brought the number across the region to 749, which together have raised a cumulative total of more than $19.5bn.

DID YOU KNOW?

As forecasted by Titans of Tech MENA - G.P Bullhound, UAE-Based Tabby became the MENA's First Fintech Unicorn after having raised US$200 Million in A Series D Round. Read more about it here.

• The region generated 10 Unicorns with an aggregate valuation of $11.7bn in just 10 years.
• Total funding and deal count in the Middle East grew by 40x and 60x respectively over the past decade.