50 Most Active Investors In The Middle East – 2018

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The Middle East’s startup ecosystem continues to mature as entrepreneurs look to tap innovative business opportunities across the region. Investors too have an increased appetite for funding as they invest in MENA-based startups that fix transit systems, insure people, facilitate e-payments and even offer robo-backed investment advisory solutions.
For the second consecutive year, Forbes Middle East reveals its annual list of Top 100 Startups In The Middle East that rounds up companies offering innovative solutions to some of the challenges that the region’s businesses and consumers face. The list highlights the 100 startups in the region that have bagged most funding—with the startup’s age not exceeding six years. These startups possess the potential to scale-up into bigger businesses in the near future.
In order to qualify for the list, startups should be no more than six years old. While many young companies do not qualify for the list in 2018, they still continue to bag the highest amounts of funding from the region’s investors. We have formed a separate list called 12 Up And Coming Companies that compiles these high achievers.
The U.A.E. remains the hub for entrepreneurial activity in the Middle East, with the majority of startups based out of the country.  However, startup ecosystem in Egypt, Lebanon and Jordan also showed signs of growth with many catching the investors’ fancy through their innovative solutions.
This year 2018 has also been significant for startups within our lists since many have secured funding from regional and international investors. More funding deals can be expected since many are just finishing the formalities as the year ends.
Within the two lists we have 217 founders from 35 different nationalities. The startups and companies bagged $610.3 million in total funding from external investors, with 93% of them securing more than $1 million each.
In this edition, we also list the 50 Most Active Investors who have been successfully identifying entrepreneurial talent across the region and helping them grow by injecting funds.
ImageRankInvestorType of InvestorCountryFME Startups
1500 StartupsVenture CapitalistU.S.A.22
2MEVPVenture CapitalistU.A.E15
3Wamda CapitalVenture CapitalistU.A.E12
4RAED VenturesVenture CapitalistSaudi Arabia9
5Arzan VCVenture CapitalistKuwait7
6Jabbar Internet GroupVenture CapitalistU.A.E7
7Dubai Silicon OasisIncubatorU.A.E6
8Beco CapitalVenture CapitalistU.A.E5
9Silicon BadiaVenture CapitalistJordan5
10Precinct PartnersVenture CapitalistU.A.E5
11Riyad Taqnia FundVenture CapitalistSaudi Arabia5
12Endeavor CatalystVenture CapitalistU.S.A.4
13Saned PartnersVenture CapitalistLebanon4
14EquitrustVenture CapitalistUAE4
15Endure capitalAcceleratorEgypt4
16Algebra VenturesVenture CapitalistEgypt4
17Twofour54AcceleratorU.A.E4
18MBC VenturesVenture CapitalistU.A.E3
19Shorooq InvestmentsVenture CapitalistU.A.E3
20WOMENAAcceleratorU.A.E3
21B&Y Venture PartnersVenture CapitalistLebanon3
22Cairo AngelsAngel InvestorEgypt3
23Phoenician FundsVenture CapitalistLebanon3
24Venture SouqVenture CapitalistU.A.E2
25Leap VenturesVenture CapitalistLebanon2
26Mena Venture InvestmentsAngel InvestorU.A.E2
27Siraj FundPrivate EquityPalestine2
28Berytech FundVenture CapitalistLebanon2
29Saudi Aramco’s Wa’edAcceleratorSaudi Arabia2
30Oasis500AcceleratorJordan2
31Mobily VenturesCorporateSaudi Arabia2
32DASH VenturesVenture CapitalistJordan2
33IM CapitalVenture CapitalistLebanon2
34Glowfish CapitalVenture CapitalistU.A.E.2
35Swicorpprivate equitySaudi Arabia2
36Vostok New VenturesVenture CapitalistSweden2
37honeybee tech ventureVenture CapitalistU.A.E.2
38Accel PartnersVenture Capitalistunited States2
39Kingsway Capitalinvestment FirmU.K2
40Eureeca CrowdfundingCrowdfundingU.A.E2
41Oman Technology FundAcceleratorOman2
42Hummingbird VenturesVenture CapitalistBelgium2
43KISP VenturesVenture CapitalistKuwait2
44iNetAcceleratorLebanon2
45KADI HoldingCorporateSaudi Arabia2
46Hala VenturesVenture CapitalistSaudi Arabia2
47iSMEAcceleratorSaudi Arabia2
48Prime Venture PartnersVenture CapitalistIndia2
49STC VenturesVenture CapitalistSaudi Arabia1
50Sadara VenturesVenture CapitalistPalestine1