2022 brought Qatar new Yearly, Half-Yearly, and Quarterly record funding. We map the evolution of Qatar’s VC ecosystem over the years in our 2022 Qatar Venture Investment Report, with the support of the Qatar Development Bank (QDB).
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The VC ecosystem in Qatar continued to strengthen its ground in 2022, reporting record highs in funding and deals closed. The country which saw its third consecutive rise in funding in 2022, reported a total of QR97M in the aforementioned year.
Contrary to the overall performance in the region, the fourth quarter of 2022 reported the best performance for Qatar with nearly half the deals closed in the year and nearly two-thirds of total funding. With 45 transactions, Qatar ranked among the top ten in the MEAPT region and joined Egypt, UAE and KSA to rank fourth among the top five in the MENA region.
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With initiatives like the Visa Everywhere Initiative 2022 and the partnership between IPA Qatar and Microsoft to advance Qatar’s digital sector, FinTech maintained its lead over the deals closed in Qatar in 2022, accounting for 22% of the total transactions closed in the country. The remarkable increase from a low base pushed IT solutions and Healthcare to improve their ranking paving their way to the top five. In funding, Transport & Logistics was the most funded in 2022. The industry saw the closing of Qatar’s largest deal of the year amounting to QR44M by Snoonu.
Investors in Qatar’s VC ecosystem stood at 17 in 2022, up by 17% from the previous year and at an all-time high for the country. While three quarters of the investors were local, the share of international investors in the Qatari market inclined to account for 18% of the total.
What’s In The Report?
This annual report provides a comprehensive overview and a deep dive into the Qatari venture capital and funding investment space and includes the following:
• A 5-year analysis of Qatar's venture funding evolution
• An 8-half year analysis of Qatar's venture funding evolution
• Industry comparison by funding and deals
• Active investors by number of investments
• Top 5 startup funding rounds of 2022
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About the Sponsor
Qatar Development Bank is a development entity 100% owned by the government, established to support investment in and develop local industries, and to drive economic development and diversification in the State of Qatar with a focus on the private sector.