UAE top 100 tech investors invested only 4.6% of capital on Blockchain startups
Deep Knowledge
Group, pioneers of big data analytics system and dashboard solutions have published
a report on the top 100 tech investors in the UAE of which 4.6% of their
investments are in blockchain technology while 2.9% are in Artificial
Intelligence and machine learning.
The report makes
several findings which include that 50% of the top 100 tech investors are
venture capital entities with some of the well known blockchain investors
including Crypto Oasis, Shurooq Partners, Seed Group, DisruptAD, Ghad Capital
Parners, Mubadala and Ceras Ventures.
More than 50% of
the top Tech investors are based out of Dubai UAE with 29% of their investments
going to the Middle East startups, 17% going to GCC based entities and 18% in
Africa.
74% of the top
100 tech investors have invested less than $10 million per deal, while only 11%
have invested over $50 million.
In the last 12
months, Kube VC was the most active in terms of investments which totaled 48,
followed closely by Maven Capital with 47 investments, and UAE Ghaf Capital
making 20 investments.
The data from
the report was gathered from all types of funding rounds, non-equity
assistance, investors performance and characteristics were collected and analyzed
according to various parameters set forth in Deep Knowledge Group evaluation
criteria methodology.
The top 100 Tech
investors in UAE have been selected based primarily upon the following
criteria, ● number of investments made in DeepTech Companies; potential for equity and non-equity financing
(lead investors in seed/venture rounds); Investors overall background, intangible
assets and philosophy; investor investment
activity; % of successful investments;
and Investment impact on the company.
Within the
framework of the given research, data related to over 3,000 investment deals,
concluded by top 100 UAE tech investors, were collected. The share of deals
concluded in 2022 constituted circa 20% of the total number of investment deals.
Data related to
2,600 portfolio companies, 77% of which are among active portfolio companies,
has been gather and evaluated according to the ranking framework as well.
Prior
to this report, LaraontheBlock issued a survey
in early January 2023 entitled “MENA Investor Survey 2022-2023 for crypto
Blockchain sector” found that 50% of those surveyed stated they will be
allocating more funds to blockchain and crypto projects and entities in 2023.
19% of those surveyed stated in 2022 they had invested more than 50% of
allocated capital and funds into crypto and Blockchain projects.
In
June 2023 GCC (Gulf Cooperation Council) and MENA based Investcorp, a global
alternative investment firm has led
a $15 million investment round for BitMe a Spanish crypto exchange. Included in
the list of investors was Telefonica Ventures, Stratminds VC, Cardano, and YGG
Fund.
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