According to "Forbes Middle East" for the year 2022

The UAE is home to 18 emerging companies among the "most funded in the Middle East"

The ranking included 112 founding partners, 10 of whom lead their companies alone.

From the source

Forbes Middle East has revealed its annual list: “The 50 Most Funded Emerging Companies in the Middle East and North Africa” for the year 2022, to highlight the emerging companies that have attracted huge investments to expand their business.

According to Forbes Middle East, the top 50 startups raised about $3.2 billion in financing in 2022, compared to $3 billion in 2021.

List 2022

The 2022 list includes companies from nine countries in the region, while the UAE is the most represented for the third year in a row with 18 startups, financing amounting to $964 million, followed by Saudi Arabia with 12 companies that raised $946.7 million, then Egypt, which included 11 companies with financing amounting to $508.5 million. The most prominent companies

The list of 2022 was topped by the agricultural technology company (Pure Harvest Smart Farms), based in the UAE, after raising financing of $ 387 million, up from second place in the 2021 classification.

In June 2022, the company formed an alliance with Al Dahra Group, which raised the total operating capacity area under its management to more than 22 hectares.

In turn, the financial technology companies “Tabby” and “Tamara” ranked second and third, with financings of $ 275 million and $ 216 million, respectively.

The financial technology sector dominated the list this year with 21 companies that collected $1.3 billion, followed by the e-commerce sector with 10 companies that collected $576.7 million, then four companies in the transport and delivery sector that collected $299.6 million.

Founding partners

The classification included 112 founding partners, 10 of whom lead their companies individually, including the founder of the (Yassir) platform for transportation, delivery and payments services, Noureddine Tibi, which is the most funded in North Africa after occupying fifth place with a total financing of $193.25 million.

Also, 19 new companies joined the list for the year 2022, with one of them advancing within the top 10 positions in the classification, which is the cryptocurrency trading platform (Rain Management), which occupies the sixth position with a total funding of $ 118 million.

 Eligibility criteria

Forbes Middle East presented the criteria for qualifying for the 2022 list, as it determined the age of the company not to exceed seven years, and that the minimum amount of funding it obtained was $20 million until November 10, 2022. The list excluded startups that were acquired or merged. With other companies, or offered for public subscription, as well as those that did not announce their investors, or disclose sufficient information about the financing.

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