Mubasher: Forbes Middle East unveiled the UAE’s most promising startup and awarded the top successful entrepreneurs for the second consecutive year, according to a statement.
Startups operating in the consumer services sector topped the lists, followed by businesses from ecommerce, financial services and the insurance sector.
Top venture capitalists, corporate venture arms and angel investors from the region have provided approximately $175 million of funding to these businesses.
In the “50 most promising startups” category, 28 startups gathered over $1 million of follow-on funding and 32 raised money from investors excluding friends and family. In addition, In 24 businesses are still bootstrapping in the “50 to watch” category.
