Startups ranked by AI-estimated valuation
UAE’s 20 most valuable startups
A quarterly ranking of non-listed Emirati startups that have already raised funds, established by artificial intelligence from public information. The market sets the value; our AI estimates it.
The market at a glance
20companies ranked
39companies on the radar
USD 2bnraised in 2025
231rounds in 2025
UAE startups raised about USD 2bn in 2025 (231 rounds counted by MAGNiTT, 218 companies funded per Wamda), second in the region behind Saudi Arabia. In the first half of 2026 the UAE took the lead with about USD 1.2bn over 83 deals, a third of it debt. Sources: Wamda, MENA 2025 year review (2025), Khaleej Times / MAGNiTT (2025), Wamda (H1 2026). Intention counters will be shown above a threshold of amount and number of Backers.
Listed benchmarks
Talabat · Food and grocery delivery · DFM · TALABATPresight AI · AI and big-data analytics · ADX · PRESIGHTSpace42 · Satellite communications and geospatial AI · ADX · SPACE42Alef Education · AI-powered education software · ADX · ALEFEDTYalla Group · Voice-chat social and gaming apps · NYSE · YALAMicropolis · Autonomous robotics · NYSE American · MCRPSwvl · Mass-transit and mobility software · Nasdaq · SWVLAnghami · Music streaming · Nasdaq · ANGH
Not ranked: no intention is possible on a listed company.
National ranking · all sectors
Snapshot10 Oct 2026A snapshot taken on 10 Oct 2026
This ranking shows the startups as they stood on 10 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 13 Oct 2026.
Spotted a more recent round? Tell us →First edition: no movements yet.
This ranking shows the startups as they stood on 10 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 13 Oct 2026.
Spotted a more recent round? Tell us →First edition: no movements yet.
| # | Company | Sub-sector | Known funding | Estimated valuation (AI) · range | Pool of InterestsInterest: a free, non-binding declaration on a company, or on a sector within an area, made during the free phase of a pool. Pool: all the Interests declared on the same target. This column shows the number of Backers and the combined amount of their tickets. Terms for Backers → | BackBacking a startup on Uback (pronounced “you back”) can be done in two ways: Interest · free: a non-binding declaration that signals your demand for a company or a sector. You can move or withdraw it at any time, with up to 5 at once. Intention · coming soon: a paid, confirmed declaration, still non-binding. Once its pool reaches critical mass, it is presented to a company by a local partner. Neither is an order nor a commitment to invest. Terms for Backers → |
|---|---|---|---|---|---|---|
| 1 | Property FinderDubai · founded 2007United Arab Emirates Operates in the UAE, Saudi Arabia, Qatar, Bahrain and Egypt; Permira and Blackstone bought USD 525M of General Atlantic's stake in Sept 2025. |
Proptech › property portal | raised Growth round · USD 170M · Jan 2026 (Mubadala, a second UAE sovereign fund; BECO Capital), after a secondary sale at a reported USD 2bn (Sep 2025) |
Last known equity round: Growth round · USD 170M · Jan 2026 (Mubadala, a second UAE sovereign fund; BECO Capital) Published valuation: USD 2bn (Sep 2025)Method |
Be the first | Back |
| 2 | XPANCEODubai · founded 2019United Arab Emirates Deep-tech lab working on prototype smart contact lenses. |
Deeptech › smart contact lenses | USD 290M raised Series A · USD 250M · Jul 2025 (Opportunity Venture (Asia)), at USD 1.35bn |
Last known equity round: Series A · USD 250M · Jul 2025 Published valuation: USD 1.4bn (Jul 2025)Method |
Be the first | Back |
| 3 | KitopiDubai · founded 2018United Arab Emirates Operates 200+ outlets in the UAE, Saudi Arabia, Qatar, Bahrain and Kuwait; reported reaching profitability before a Feb 2026 growth financing. |
Foodtech › cloud kitchens | USD 715M+ raised Series C (with extension) · USD 720M · May 2022 (SoftBank Vision Fund 2; Chimera, DisruptAD), at USD 1.55bn |
Last known equity round: Series C · USD 715M · May 2022 (SoftBank Vision Fund 2; Chimera, DisruptAD) Published valuation: USD 1.6bn (May 2022)Method |
Be the first | Back |
| 4 | Dubizzle GroupDubai · founded 2015United Arab Emirates DFM IPO of ~30% planned for Nov 2025 was postponed a day before bookbuilding; company remains unlisted. |
Marketplaces › classifieds and property portals | raised Growth round · USD 200M · Oct 2022 (Affinity Partners; KCK, Acacia Partners, Prosus), raised as EMPG; IPO postponed in Oct 2025 |
Last known equity round: Growth round · USD 200M · Oct 2022 (Affinity Partners; KCK, Acacia Partners, Prosus)Method | Be the first | Back |
| 5 | FassetDubai · founded 2019United Arab Emirates Over 3 million wallets and 1,000+ enterprise clients in 125 countries; licences in the UAE, Indonesia, EU, Türkiye, Pakistan, Malaysia (Labuan sandbox). |
Fintech › stablecoin banking & digital assets | USD 150M+ raised Series C · USD 68M · Aug 2026 (SBI Group; Speedinvest), at a reported USD 1bn |
Last known equity round: Series C · USD 68M · Aug 2026 (SBI Group; Speedinvest) Published valuation: USD 1bn (Aug 2026)Method |
Be the first | Back |
| 6 | EyewaDubai · founded 2017United Arab Emirates About 150 stores across the GCC at end-2024, with at least 100 more planned for 2025. |
E-commerce › eyewear | raised Series C · USD 100M · Nov 2024 (General Atlantic; Badwa Capital, Turmeric Capital) |
Last known equity round: Series C · USD 100M · Nov 2024 (General Atlantic; Badwa Capital, Turmeric Capital)Method | Be the first | Back |
| 7 | TruKKerDubai · founded 2016United Arab Emirates Took USD 15M private credit from Ruya Partners in 2025 and a second credit line from ADCB in 2026. |
Logistics › digital freight | raised Series C · USD 100M · Sep 2022 (Investcorp, Mubadala; March Holding, Reliance Group, Riyad Taqnia Fund) |
Last known equity round: Series C · USD 100M · Sep 2022 (Investcorp, Mubadala; March Holding, Reliance Group, Riyad Taqnia Fund)Method | Be the first | Back |
| 8 | HuspyDubai · founded 2020United Arab Emirates Over USD 7bn in transactions facilitated and 25,000+ homebuyers (July 2025). |
Proptech › mortgage brokerage & home buying | USD 100M raised Series B · USD 59M · Jul 2025 (Balderton Capital (lead); Founders Fund, Peak XV Partners and others) |
Last known equity round: Series B · USD 59M · Jul 2025Method | Be the first | Back |
| 9 | UnifyAppsDubai · founded 2023United Arab Emirates Co-led by Sprinklr founder Ragy Thomas and Pavitar Singh. |
AI › enterprise AI platform | USD 81M raised Series B · USD 50M · Oct 2025 (WestBridge Capital; ICONIQ) |
Last known equity round: Series B · USD 50M · Oct 2025 (WestBridge Capital; ICONIQ)Method | Be the first | Back |
| 10 | AlaanDubai · founded 2022United Arab Emirates Over 1,500 customers including G42, Careem, Tabby and Lulu Group. |
Fintech › spend management | USD 55M raised Series A · USD 48M · Aug 2025 (Peak XV Partners (lead); 885 Capital founders, Y Combinator, 468 Capital, Pioneer Fund, angels), part secondary |
Last known equity round: Series A · USD 48M · Aug 2025Method | Be the first | Back |
| 11 | YAPDubaiUnited Arab Emirates | Fintech › digital banking app | raised Series A · USD 41M · Jul 2022 (Aljazira Capital, Abu Dawood Group, Astra Group, Audacia Capital) |
Last known equity round: Series A · USD 41M · Jul 2022 (Aljazira Capital, Abu Dawood Group, Astra Group, Audacia Capital)Method | Be the first | Back |
| 12 | iMileDubai · founded 2017United Arab Emirates Headquartered in Dubai Investment Park. |
Logistics › cross-border last-mile | USD 50M raised Series A · USD 40M · Nov 2021 (Not disclosed in sources checked) |
Last known equity round: Series A · USD 40M · Nov 2021 (Not disclosed in sources checked)Method | Be the first | Back |
| 13 | NymCardDubai · founded 2018United Arab Emirates More than 50 banks, fintechs and enterprises as clients. |
Fintech › card issuing & embedded finance | USD 60M+ raised Series B · USD 33M · Mar 2025 (QED Investors; Lunate, Dubai Future District Fund, Mashreq) |
Last known equity round: Series B · USD 33M · Mar 2025 (QED Investors; Lunate, Dubai Future District Fund, Mashreq)Method | Be the first | Back |
| 14 | StakeDubaiUnited Arab Emirates More than 2 million users from 211 nationalities; CMA-regulated in Saudi Arabia. |
Proptech › fractional real estate investing | USD 58M raised Series B · USD 31M · Feb 2026 (Emirates NBD; Mubadala, MEVP, Property Finder) |
Last known equity round: Series B · USD 31M · Feb 2026 (Emirates NBD; Mubadala, MEVP, Property Finder)Method | Be the first | Back |
| 15 | 1001Dubai · founded 2025United Arab Emirates Founded by Bilal Abu-Ghazaleh; targets GCC aviation, ports and energy operators. |
AI › industrial AI | USD 39M raised Series A · USD 30M · Jun 2026 (Lux Capital; Sanabil Investments, General Catalyst) |
Last known equity round: Series A · USD 30M · Jun 2026 (Lux Capital; Sanabil Investments, General Catalyst)Method | Be the first | Back |
| 16 | QlubDubai · founded 2021United Arab Emirates Over 3,000 restaurants in nine markets. |
Fintech › restaurant payments | raised Funding round · USD 30M · Jul 2025 (Shorooq Partners, Cherry Ventures; Mubadala, e&) |
Last known equity round: Funding round · USD 30M · Jul 2025 (Shorooq Partners, Cherry Ventures; Mubadala, e&)Method | Be the first | Back |
| 17 | BayzatDubai · founded 2013United Arab Emirates | Insurtech › HR & employee insurance | USD 60M+ raised Series C · USD 25M · Dec 2022 (DisruptAD (lead)) |
Last known equity round: Series C · USD 25M · Dec 2022Method | Be the first | Back |
| 18 | ZiinaDubai · founded 2021United Arab Emirates Holds a Stored Value Facility licence from the Central Bank of the UAE. |
Fintech › SME payments | raised Series A · USD 22M · Sep 2024 (Altos Ventures; Fintech Collective, Avenir Growth, Y Combinator) |
Last known equity round: Series A · USD 22M · Sep 2024 (Altos Ventures; Fintech Collective, Avenir Growth, Y Combinator)Method | Be the first | Back |
| 19 | barakaDubai · founded 2020United Arab Emirates | Fintech › retail brokerage | raised Series A · USD 20M · Nov 2022 (Valar Ventures (lead); Knollwood) |
Last known equity round: Series A · USD 20M · Nov 2022Method | Be the first | Back |
| 20 | ekarDubai · founded 2015United Arab Emirates Operates in the UAE and Saudi Arabia. |
Mobility › car sharing | raised Series B · USD 18M · Jun 2019 (Polymath Ventures; Al Yemni Group, Audacia Capital) |
Last known equity round: Series B · USD 17.5M · Jun 2019 (Polymath Ventures; Al Yemni Group, Audacia Capital)Method | Be the first | Back |
Back · Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a local partner. · Terms
Ranking in descending order of AI-estimated valuation, based on public information, with no human intervention on the order. The valuations, ranges and brackets shown are editorial estimates produced by AI, purely indicative and imperfect by nature: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Ranking established by Claude (Anthropic) from public information, following the published rules. A consensus of several AIs will apply from 1 December 2026. Eligibility: at least $1M raised in equity, non-listed company, main operations in the UAE. Request a correction
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How to read this ranking
Rank
Companies are ranked by AI-estimated valuation, highest first. The market sets the value; our AI estimates it.
Estimate
An AI-estimated valuation, its uncertainty range and its order of magnitude. Indicative, and imperfect by nature.
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- Millions $
- Tens of M$
- Hundreds of M$
- Unicorn
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Rankings by sector
Four verticals at launch, more when the feasibility test allows.Coming soon · Top 10
Fintech
Spend management, payments, card issuing, digital assets and investing apps.
Coming soon · Top 10
Proptech & marketplaces
Property portals, classifieds, mortgages and fractional property.
Coming soon · Top 10
Consumer & mobility
Cloud kitchens, eyewear, restaurant payments and car rental.
Coming soon · Top 10
Deeptech & B2B
Smart contact lenses, enterprise AI, freight and cross-border delivery.
HealthtechHR techEdtechInsurtechClimate
The Uback partner in the UAE
Introductions made by a local partner, currently being selected
M&A boutique or capital raising adviser licensed by the DFSA, the FSRA or the SCA, the only party entitled to contact companies and structure deals. Uback remains a media: it ranks and aggregates intentions, it takes part in no transaction.
—deals worked on
—deals closed
—average response time
M&A boutiques, capital raising advisers
Become Uback’s exclusive partner in the UAE
- Foreign investors you would not find on your own
- Your name on every ranking of the country
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- A quarterly prospecting kit for your own clients
Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call. Undisclosed amount: the round is confirmed by the press, not its amount.
- Keyper · Proptech › rent paymentsSeries A · USD 11M · Jul 2026 (Speedinvest; NeoVentures (Mashreq), MEVP, Property Finder)Back
- CargoX · Logistics › autonomous deliveryFunding · USD 250M · Jun 2026 (investor group led by BlueFive Capital); split between equity and debt not disclosedBack
- RemotePass · HR tech › global payroll and EORSeries B · USD 17M · May 2026 (EBRD Venture Capital; 500 Global, 212 VC)Back
- CredibleX · Fintech › SME embedded lendingSeries A · USD 15M · May 2026 (Mubadala (lead); Further Ventures)Back
- TruDoc · Healthtech › virtual-first carePre-Series B · USD 15M · Mar 2026 (Al Nahyan family, Al-Ketbi family; Pulsar Capital)Back
- Mal · Fintech › Islamic digital bankSeed · USD 230M · Jan 2026 (BlueFive Capital), reported as seed funding; pre-licenceBack
- Cercli · HR tech › HR and payroll platformSeries A · USD 12M · Oct 2025 (Picus Capital)Back
- Invygo · Mobility › car subscriptionSeries A · USD 10M · Sep 2025 (MEVP; Al Rajhi Partners, Arab Bank, Amana Capital, Palm Drive Capital)Back
- PRYPCO · Proptech › fractional ownership & mortgagesPre-Series A · Sep 2025 (General Catalyst); amount undisclosedBack
- Professional.me · HR tech › talent intelligenceSeed · USD 3.1M · Aug 2025 (Raha Beach Ventures)Back
- SmartCrowd · Proptech › fractional property investmentMajority stake bought by Nawy · Jul 2025 (price undisclosed)Back
- Qashio · Fintech › spend managementFunding · USD 19.8M including debt · May 2025 (Rocketship; ABN Ventures)Back
- Quiqup · Logistics › e-commerce deliverySeries B · USD 20M · May 2025 (investors not disclosed)Back
- Fuse · Fintech › cross-border payments infrastructureSeed · USD 6.6M · Apr 2025 (Northzone (lead); Flourish Ventures, Alter Global, angels)Back
- Zest Equity · Fintech › private markets infrastructurePre-Series A · USD 4.3M · Apr 2025 (Prosus Ventures (lead); Morgan Stanley Inclusive & Sustainable Ventures)Back
- Valeo Health · Healthtech › at-home careSeries B · USD 12M · Mar 2025 (Flintera; Nuwa Capital, FJ Labs, Oryx, Mindshift Capital, Oraseya, Eirad)Back
- Klaim · Fintech › healthcare claims financingSeries A · USD 10M · Mar 2025 (Mad'a Investments (lead); CDG Invest)Back
- Flow48 · Fintech › SME revenue-based financingSeries A · USD 69M including debt · Feb 2025 (Breega; 212, Speedinvest, Daphni)Back
- Pluto · Fintech › spend managementPre-Series A · USD 4.1M · Jan 2025 (not verified (Ramp reported as a backer))Back
- Ogram · HR tech › on-demand staffingUndisclosed · USD 3M · Jan 2025 (Tenami Capital)Back
- Pemo · Fintech › spend managementPre-Series A · USD 7M · Nov 2024 (Shorooq, Augmentum Fintech (co-leads); Cherry Ventures, FinTech Collective, Speedinvest, BY Venture Partners, Antler)Back
- Mamo · Fintech › SME paymentsVenture round · USD 3.4M · Jul 2024 (4DX Ventures, Dubai Future District Fund, Cyfr Capital)Back
- NOW Money · Fintech › payroll & remittancesEquity round · USD 4M · Jun 2024 (not verified)Back
- Grubtech · B2B software › restaurant operations SaaSSeries B (incl. Series A extension) · USD 15M · May 2024 (Sahm Capital (Jahez Group))Back
- Okadoc · Healthtech › doctor booking and telehealthSeries A-II · USD 10M · Nov 2022 (Bunat Ventures, iGan Partners, ADQ, Alesay Group, Bupa Arabia; others)Back
- Dukkantek · B2B software › retail POS and store managementPre-Series A · USD 10M · Aug 2022 (BECO Capital)Back
- Pure Harvest Smart Farms · Agtech › controlled-environment farmingConvertible financing · USD 180.5M · Jun 2022 (Metric Capital Partners; IMM Investment, Olayan)Back
- Cashew · Fintech › buy now, pay laterStrategic investment · Mashreq · May 2022 (USD 10M of equity and debt)Back
- Starzplay · Media › video streamingMajority stake (about 57%) bought by e& and ADQ · Mar 2022, at USD 420MBack
- Sarwa · Fintech › retail investing & wealthSeries B · USD 15M · Feb 2022 (Mubadala (lead); 500 Startups, others)Back
- Udrive · Mobility › car sharingStrategic round · USD 5M · Feb 2022 (Cultiv8 (Dubai government SME fund); Oman Holding International)Back
- Silkhaus · Proptech › short-term rentalsSeed · USD 7.8M · 2022 (Global investors (not named in source))Back
- Telr · Fintech › payment gatewayStrategic investment · USD 15M · Dec 2021 (Cashfree Payments)Back
- Zbooni · E-commerce › conversational commerceSeries A · USD 9.5M · Sep 2021 (March Holding; Enterprise Fund, Chalhoub Group (CCVA), European private investors)Back
- Postpay · Fintech › buy now, pay laterFunding · USD 10M · Jul 2021 (Afterpay, AP Ventures)Back
- Democrance · Insurtech › digital insurance distributionFunding · Jul 2021 (Global Ventures); amount undisclosedBack
- The Luxury Closet · E-commerce › luxury resaleGrowth round · USD 14M · Jun 2021Back
- Washmen · Consumer services › laundry deliverySeries B · USD 6.2M · Jul 2019Back
- Pyypl · Fintech › mobile payments & remittancesSeries B · USD 20M (new and existing investors; date not disclosed)Back
Born in the UAE, based elsewhere
Companies of Emirati origin whose main operations are now abroad: not ranked, shown with the law governing their shares.
- Tabby · Fintech › buy now, pay later & shopping app
Founded in Dubai in 2019; HQ moved to Riyadh in 2023 (ranked in Saudi Arabia)Series F · USD 233M (primary and secondary) · Sep 2026 (Blue Pool Capital), at USD 6.5bnBack
Born elsewhere, based in the UAE
Companies founded abroad whose main operations are in the UAE.
- Wego · Travel › flight and hotel metasearch
Founded in Singapore in 2005; HQ in Singapore and Dubai (ranked in Singapore)Series E · USD 12M · Aug 2017 (MBC)
Not ranked
- Careem · Bought by Uber in 2020: a company bought entirely does not become eligible again, even after e& took control of the super app in 2023
- noon · Created by Mohamed Alabbar (Emaar) with the backing of Saudi Arabia’s PIF
- G42 · Abu Dhabi AI group created with state-linked shareholders, like its units Inception, Core42 and Khazna
- AI71 · Created by Abu Dhabi’s Advanced Technology Research Council
- Wio Bank · Digital bank created by ADQ, Alpha Dhabi, e& and First Abu Dhabi Bank
- Liv · Digital bank of Emirates NBD
- Network International · Taken private by Brookfield in 2024
- Mumzworld · Majority bought by Tamer Group in 2021
- InstaShop · Bought by Delivery Hero in 2020
- Namshi · Bought by noon in 2023
- elGrocer · Bought by e& in 2022
- BitOasis · Bought by CoinDCX in 2024
- Ounass · Created by Al Tayer Group
- Shipa · Created by the Agility logistics group
- Bustanica · Vertical farm created by Emirates Flight Catering and Crop One
- Deriv · Owned by its founders since 1999, no outside investors
- CAFU · No outside equity raised
- Zywa · Website offline in Oct 2026 and no news since its 2022 seed round: activity not confirmed
The method in the UAE
Calendar. Quarterly ranking, published on the 13th of January, April, July and October. Next edition: October 13, 2026.
Eligibility: at least $1M raised in equity, non-listed company, main operations in the UAE.
Partner sought. M&A boutique or capital raising adviser licensed by the DFSA, the FSRA or the SCA.
Sources. Gulf and international business and technology press (Wamda, MAGNiTT, Khaleej Times, Gulf News, The National, Arabian Business, TechCrunch, Bloomberg, Reuters), company and investor announcements.