Highlights:
- Total funding into UAE Tech startups dropped 65% to $638M in 2023, compared with $1.83B in 2022
- Only company reported a $100M+ funding round in 2023
- In 2023, 16 acquisitions were recorded, as against 18 in 2022
- No new Unicorns emerged in this space in 2023
- Dubai took the lead in terms of city-wise funding
- FinTech, Environment Tech and Blockchain Technology were the top-performing sectors in 2023
UAE: Tracxn, a leading global…