Thursday, June 8, 2017

Investment in digital startups soars eight times in four years. Growth driven by Circular 331


The value of investments in digital startups surged eightfold from just $7 million in 2013 to $56 million in 2016, and the number of deals more than tripled to 37 from 11 deals in 2013, according to 'State of Digital Investments in MENA', a report recently published by ArabNet in collaboration with Dubai SME.

Tech startups benefited from 100 investments with an aggregate value of $119 million in the past four years, according to the report.

The average investment size has also bee...

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