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Top 19 Venture Capital Firms in United Arab Emirates in 2022

By 
Nicolás Cerdeira
 | 
Updated: 
October 30, 2022
 | 
Early StepsFundsPeopleProductFailureStoriesGrowthReviewsResourcesVC Firms

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The startup community has been growing in United Arab Emirates in recent years.

This has come along with an increase in the amount of money flowing from VCs into startups.

In this article, you can find a hand-picked list of venture capital firms in United Arab Emirates.

19 Venture Capital Firms in United Arab Emirates

1) 500 Startups

500 Startups

500 Global is a globally renowned venture capital firm investing in early-stage tech companies.

Details of the VC firm:

  • Country: USA, India, United Kingdom, Brazil, France, Hong Kong, Singapore, United Arab Emirates, Azerbaijan, Egypt, Bahrain, Saudi Arabia, Thailand, China, Malaysia, Cambodia, South Korea, Taiwan
  • City: San Francisco, Austin, Las Vegas, Mexico City, Miami, New York, São Paulo, Washington, Abu Dhabi, Baku, Cairo, Dubai, Manama, Riyadh, Bangalore, Bangkok, Hangzhou, Ho Chi Minh City, Jaipur, Kuala Lumpur, Nagoya, Phnom Penh, Seoul, Shanghai, Taipei, Tokyo
  • Started in: 2010
  • Founders: Christine Tsai, Dave Mcclure
  • Industries: SaaS, Media, E-Commerce, Consumer, Healthcare, Proptech & Real Estate, Hardware & Industrials, Education, Devops, Fintech, Crypto & Blockchain
  • Stages: Early Stage, Seed
  • Minimum check size: $50,000
  • Maximum check size: $250,000
  • Number of investments: 2600
  • Number of exits: 339
  • Funds raised: $67,000,000,000
  • 3 remarkable investments: Canva, Solana, Reddit

You can find their website here.

You can send them an email at info@500startups.com.

2) Plug and Play Tech Center

Plug and Play Tech Center

Plug and Play provides an array of services including accelerators, mentorships, and capital to entrepreneurs of all backgrounds.

Details of the VC firm:

  • Country: USA, Canada, Brazil, United Arab Emirates, Netherlands, Belgium, Spain, Switzerland, Morocco, Germany, Turkey, South Africa, Italy, France, China, Japan, South Korea
  • City: Chicago, Cleveland, Detroit, São Paulo, Topeka, Toronto, Abu Dhabi, Amsterdam, Antwerp, Barcelona, Basel, Ben Guerir, Cairo, Geneva, Hamburg, Istanbul, Johannesburg, Madrid, Milan, Munich, Paris, Bangkok, Beijing, Kyōto, Ōsaka, Seoul, San Francisco
  • Started in: 2006
  • Founders: Ali Safavi, Jackie Hernandez, Saeed Amidi
  • Industries: DTC, Enterprise, Fintech, Food & Beverage, Healthcare, InsurTech, IoT, Media, Transportation, Hardware, Proptech & Real Estate, Supply Chain & Logistics, Climate & Sustainability, Travel & Hospitality, Agriculture, Energy
  • Stages: Early Stage, Series A, Series B, Series C
  • Minimum check size: $50,000
  • Maximum check size: $250,000
  • Number of investments: 1447
  • Number of exits: 140
  • Funds raised: $45,500,000
  • 3 remarkable investments: Truebill, Honey, Life360

You can find their website here.

You can send them an email at investment@plugandplaytechcenter.com.

3) Global Founders Capital

Global Founders Capital

Global Founders Capital is an international early-stage investor backing founders from day 0 to IPO.

Details of the VC firm:

  • Country: USA, Canada, United Kingdom, Germany, France, Sweden, Italy, Turkey, Israel, United Arab Emirates, Singapore, Indonesia, China, Brazil, Mexico
  • City: San Francisco, New York, Los Angeles, Toronto, London, Berlin, Munich, Paris, Stockholm, Milan, Istanbul, Tel Aviv-Yafo, Singapore, Dubai, Jakarta, Beijing, Mexico City, São Paulo
  • Started in: 2013
  • Founders: Oliver Samwer
  • Industries: Consumer, SaaS, Enterprise, Internet & Mobile, IoT, E-Commerce, Productivity, Supply Chain & Logistics, InsurTech
  • Stages: Seed, Early Stage, Pre-Seed
  • Minimum check size: $1,000,000
  • Number of investments: 868
  • Number of exits: 59
  • Funds raised: $1,600,000,000
  • 3 remarkable investments: Meta, Rocket Internet, LinkedIn

You can find their website here.

You can send them an email at contact@globalfounderscapital.com.

4) Enterprise Ireland

Enterprise Ireland

Enterprise Ireland is a government organisation that provides investment support and opportunities for founders looking to build their businesses in Ireland.

Details of the VC firm:

  • Country: Ireland, Germany, Hungary, Denmark, France, Netherlands, Italy, Sweden, Spain, Czechia, United Kingdom, Belgium, Poland, Brazil, USA, Canada, United Arab Emirates, Australia, China, Japan, Singapore, Vietnam, India, South Korea, Saudi Arabia, Nigeria, South Africa, Kenya
  • City: Dublin, Düsseldorf, Budapest, Paris, Amsterdam, Milan, Stockholm, Madrid, Prague, London, Brussels, Warsaw, São Paulo, Austin, Toronto, New York, Dubai, Sydney, Hong Kong, Tokyo, Singapore, Ho Chi Minh City, Beijing, Mumbai, Seoul, Riyadh, Lagos, Johannesburg, Nairobi, Shannon, København
  • Started in: 1998
  • Industries: Life Sciences, Industrial
  • Stages: Pre-Seed, Seed, Series A, Series B, Series C
  • Maximum check size: €50,000
  • Number of investments: 686
  • Number of exits: 78
  • Funds raised: €216,100,000
  • 3 remarkable investments: Profitero, Immersive VR Education, Invinity Energy Systems PLC

You can find their website here.

You can send them an email at equitydept@enterprise-ireland.com.

5) Venture Souq

Venture Souq

Based in UAE, VentureSouq is an investment focusing on early-stage tech companies.

Details of the VC firm:

  • Country: United Arab Emirates
  • City: Dubai
  • Started in: 2013
  • Founders: Sonia Gokhale
  • Industries: Fintech, InsurTech, Agriculture, Climate & Sustainability, Education, Healthcare, Media, SaaS, Enterprise
  • Stages: Early Stage
  • Number of investments: 216
  • Number of exits: 19
  • Funds raised: $50,000,000
  • 3 remarkable investments: Kippa, Altro, Mudrex

You can find their website here.

You can send them an email at info@venturesouq.com.

6) Heartcore Capital

Heartcore Capital

Heartcore is a consumer technology VC investing in European B2C and B2B2C companies.

Details of the VC firm:

  • Country: Denmark, Germany, France, USA, Austria, Sweden, Spain, Hungary, Poland, United Arab Emirates
  • City: Copenhagen, Berlin, Paris, Lisbon, Stockholm
  • Started in: 2007
  • Founders: Jimmy Fussing Nielsen, Christian Lindegaard Jepsen,
  • Industries: Travel & Hospitality, Education, Entertainment, Food & Beverage, Health & Wellness, Productivity, Consumer, Gaming, InsurTech, Energy
  • Stages: Early Stage, Seed, Pre-Seed, Series A
  • Minimum check size: €300,000
  • Maximum check size: €6,000,000
  • Number of investments: 210
  • Number of exits: 51
  • 3 remarkable investments: Reddit, Insight, Werlabs

You can find their website here.

You can send them an email at contact@heartcore.com.

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7) Morningstar ventures

Morningstar ventures

Morningstar Ventures seeks investment opportunities in the early-stage blockchain and digital asset sectors.

Details of the VC firm:

  • Country: United Arab Emirates
  • City: Dubai
  • Started in: 2020
  • Founders: Danilo S. Carlucci, Arut Nazaryan
  • Industries: Crypto & Blockchain, Gaming, Fintech
  • Stages: Early Stage
  • Number of investments: 93
  • Number of exits: 1
  • Funds raised: $4,200,000
  • 3 remarkable investments: Elrond, Biconomy, XLD Finance

You can find their website here.

You can send them an email at hello@morningstar.ventures.

8) BECO Capital

BECO Capital

Based in Dubai, BECO Capital is an early-stage venture capital investing in MENA entrepreneurs.

Details of the VC firm:

  • Country: United Arab Emirates
  • City: Dubai
  • Started in: 2012
  • Industries: Consumer, Enterprise, Fintech, Healthcare, Crypto & Blockchain
  • Stages: Seed, Series A, Series B, Early Stage
  • Minimum check size: $250,000
  • Maximum check size: $2,000,000
  • Number of investments: 90
  • Number of exits: 11
  • Funds raised: $100,000,000
  • 3 remarkable investments: Dukkantek, Mango Sciences, Hubpay

You can find their website here.

You can send them an email at hello@becocapital.com.

9) BY Venture

BY Venture

BY Venture Partners is a venture capital based in UAE helping MENA companies expand to the global market.

Details of the VC firm:

  • Country: United Arab Emirates
  • City: Abu Dhabi
  • Started in: 2015
  • Founders: Gaith Yafi, Abdallah Yafi, Rami Jisr
  • Industries: Marketplace, Cybersecurity, Fintech, SaaS, DTC, E-Commerce, Enterprise, Gaming, Healthcare, Food & Beverage, Proptech & Real Estate, Big Data & Analytics
  • Stages: Early Stage, Late Stage
  • Number of investments: 81
  • Number of exits: 12
  • Funds raised: $37,000,000
  • 3 remarkable investments: Huspy, Bookme, Grubtech

You can find their website here.

You can send them an email at info@byvp.com.

10) MSA Capital

MSA Capital

Headquartered in Beijing, MSA backs Chinese tech entrepreneurs.

Details of the VC firm:

  • Country: China, Singapore, Saudi Arabia, United Arab Emirates, Bahrain
  • City: Beijing, Shanghai, Singapore, Riyadh, Abu Dhabi, Manama
  • Started in: 2014
  • Founders: Jenny Zeng
  • Industries: Health & Wellness, Consumer, Enterprise
  • Stages: Seed, Early Stage, Late Stage
  • Number of investments: 76
  • Number of exits: 13
  • Funds raised: $837,000,000
  • 3 remarkable investments: Uber, Nio, Meituan

You can find their website here.

You can send them an email at info@msacap.com.

11) Shorooq Partners

Shorooq Partners

Based in Abu Dhabi, Shorooq Partners is an early-stage venture capital backing founders in the Middle East, North Africa and Pakistan.

Details of the VC firm:

  • Country: Saudi Arabia, United Arab Emirates, Bahrain
  • City: Abu Dhabi, Riyadh, Manama
  • Started in: 2016
  • Founders: Mahmoud Adi
  • Industries: Healthcare, InsurTech, Marketplace, Big Data & Analytics, Supply Chain & Logistics, Fintech, Future of Work, AI & ML
  • Stages: Early Stage, Pre-Seed, Seed, Series A
  • Number of investments: 72
  • Number of exits: 10
  • Funds raised: $200,000,000
  • 3 remarkable investments: Tamara, ZenLedger, Colabs

You can find their website here.

You can send them an email at hello@shorooq.com.

12) Global Ventures

Global Ventures

Based in Dubai, Global Ventures focuses on growth-stage tech companies in emerging markets.

Details of the VC firm:

  • Country: Egypt, United Arab Emirates
  • City: Dubai, Cairo, Abu Dhabi
  • Started in: 2018
  • Founders: Noor Sweid
  • Industries: Fintech, Healthcare, Education, InsurTech, Cybersecurity, Crypto & Blockchain, Supply Chain & Logistics, Future of Work, E-Commerce, Agriculture
  • Stages: Early Stage, Growth
  • Number of investments: 48
  • Number of exits: 4
  • Funds raised: $100,000,000
  • 3 remarkable investments: Paymob, Remedial Health, teamapt

You can find their website here.

You can send them an email at Info@global.vc.

13) Endure Capital

Endure Capital

Headquartered in the US, Endure Capital is a founder-focused early-stage investor.

Details of the VC firm:

  • Country: Egypt, Netherlands, USA, United Arab Emirates
  • City: Cairo, Amsterdam, Palo Alto, Dubai
  • Started in: 2015
  • Founders: Tarek Fahim
  • Industries: Healthcare, E-Commerce, Marketplace, SaaS
  • Stages: Early Stage, Seed
  • Maximum check size: $14,000,000
  • Number of investments: 46
  • Number of exits: 4
  • Funds raised: $80,000,000
  • 3 remarkable investments: Dapi, Breadfast, Tribal

You can find their website here.

You can send them an email at contact@endurecap.com.

14) Arzan

Arzan

Since 2014, Arzan is a venture capital firm primarily investing in entrepreneurs in the MENA region.

Details of the VC firm:

  • Country: Kuwait, United Arab Emirates
  • City: Kuwait City, Dubai
  • Started in: 2013
  • Founders: Hasan Zainal, Laith Zraikat
  • Industries: E-Commerce, Internet & Mobile, SaaS
  • Stages: Early Stage, Seed, Pre-Seed, Series A
  • Maximum check size: $6,000,000
  • Number of investments: 43
  • Number of exits: 9
  • 3 remarkable investments: Careem, Fatura, Onfleet

You can find their website here.

You can send them an email at info@arzanvc.com.

15) EQ2 Ventures

EQ2 Ventures

Based in Dubai, EQ2 Ventures is a corporate venture capital firm investing in Seed to Series B startups.

Details of the VC firm:

  • Country: United Arab Emirates
  • City: Dubai
  • Started in: 2015
  • Founders: Patrick Thiriet
  • Industries: Advertising, E-Commerce, Fintech, Healthcare, Education, Marketplace
  • Stages: Seed, Series A, Series B
  • Number of investments: 32
  • Number of exits: 1
  • Funds raised: $5,100,000
  • 3 remarkable investments: Alsoug.com, Inyygo, Abwaab

You can find their website here.

You can send them an email at info@eq2ventures.com.

16) Kraken Ventures

Kraken Ventures

Kraken Ventures, a corporate venture fund, partners with fintech and crypto companies in their early stages.

Details of the VC firm:

  • Country: USA, Canada, United Kingdom, Israel, United Arab Emirates
  • City: San Francisco
  • Started in: 2021
  • Founders: Brandon Gath
  • Industries: Fintech, Crypto & Blockchain, SaaS, Cybersecurity, Developer Tools, Big Data & Analytics, AI & ML, Enterprise
  • Stages: Series A, Seed
  • Minimum check size: $500,000
  • Maximum check size: $2,000,000
  • Number of investments: 22
  • Funds raised: $65,000,000
  • 3 remarkable investments: LimeWire, Presail, Hashflow

You can find their website here.

You can send them an email at info@krakenventures.com.

17) GE Ventures

GE Ventures

GE Ventures is a German-focused venture capital firm investing in technology start-ups.

Details of the VC firm:

  • Country: Liechtenstein, United Arab Emirates
  • City: Dubai, Fürstentum
  • Started in: 2020
  • Founders: Dominik A. Lener, Shailesh Nair
  • Industries: E-Commerce, Fintech, Food & Beverage, Crypto & Blockchain, Proptech & Real Estate, Enterprise, DTC, SaaS, Travel & Hospitality
  • Stages: Late Stage
  • Number of investments: 14
  • Number of exits: 2
  • 3 remarkable investments: Klarna, Kraken, Incard

You can find their website here.

You can send them an email at contact@ge-ventures.com.

18) Y Soft Ventures

Y Soft Ventures

Y Soft Ventures is a corporate venture capital financing enterprise hardware and software companies in CEE.

Details of the VC firm:

  • Country: Czechia, Hungary, United Kingdom, France, USA, Israel, United Arab Emirates, China, Japan, Singapore, Australia
  • City: Brno, Budapest, London, Paris, Grapevine, Tel Aviv-Yafo, Dubai, Shanghai, Kōbe, Singapore, Sydney
  • Started in: 2016
  • Founders: Václav Muchna, Martin De Martini
  • Industries: Internet & Mobile, Cybersecurity, AR & VR, IoT, Big Data & Analytics
  • Stages: Early Stage, Seed
  • Minimum check size: $350,000
  • Maximum check size: $2,000,000
  • Number of investments: 11
  • Number of exits: 1
  • Funds raised: $4,500,000
  • 3 remarkable investments: Dronetag, Nenovision, Sensoneo

You can find their website here.

You can send them an email at info@ysoft.com.

19) Iliad Partners

Iliad Partners

Headquartered in Dubai, Iliad Partners is a venture capital fund for early-stage tech companies in the MENA region.

Details of the VC firm:

  • Country: United Arab Emirates
  • City: Dubai, Abu Dhabi
  • Started in: 2014
  • Founders: Christos Mastoras
  • Industries: Fintech, Proptech & Real Estate, Supply Chain & Logistics, Mobility, Education, Enterprise
  • Stages: Seed
  • Minimum check size: $300,000
  • Maximum check size: $1,000,000
  • Number of investments: 5
  • Funds raised: $23,000,000
  • 3 remarkable investments: Fetchr, TruKKer, Oseven

You can find their website here.

You can send them an email at info@iliad-partners.com.

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