Funded Blockchain and Cryptocurrency Startups in Dubai
Disclosed round sizes in this Dubai-focused blockchain/crypto list are tightly clustered below $51M, with one clear size outlier: ALLO’s $100M round dated…
Disclosed round sizes in this Dubai-focused blockchain/crypto list are tightly clustered below $51M, with one clear size outlier: ALLO’s $100M round dated 2024-12-19. Aside from ALLO, the next-largest disclosed amounts are Fasset’s $51M (2026-05-14) and Flare Network’s $35M (2024-02-23), while several entries are at $8M, $6M, $3M, or $2M. Stage labeling is also mixed: 7 of 17 rows carry “Series Unknown” and 4 of 17 are “undisclosed,” meaning disclosed amounts are missing for nearly two-thirds of entries (11/17), including PaybyBit (undisclosed, 2025-01-01) and Rewardable (undisclosed, 2024-09-12). Timing shows two dense windows: five rounds land between 2024-10-08 and 2024-12-25 (TON, Xade Finance, ALLO, Arknet, and AXON), and several more run from early 2025 into mid-2025 (Utexo 2026-03-06 is outside that cluster). Geographically, every row is listed in Dubai, with most entries using “Dubai, United Arab Emirates” and one explicitly using “Dubai, Dubai, United Arab Emirates.” The rows span 2024-01-25 (Talisman) through 2026-06-25 (AXON).
Most recent rounds
17 shownRelated listings
Frequently asked
Which disclosed rounds stand out by size, and how dominant are they versus the rest of the Dubai entries shown?
ALLO’s $100M (2024-12-19) is the largest disclosed round and meaningfully larger than the next-highest disclosed amounts: Fasset’s $51M (2026-05-14) and Flare Network’s $35M (2024-02-23). Many other disclosed rounds sit at $10M or below (e.g., TON at $10M on 2024-10-09; AXON at $1M on 2026-06-25), which keeps the overall disclosed-size range comparatively compressed.
Are there date clusters where multiple rounds close close together in this list?
Yes. Five entries fall in a short late-2024 window from 2024-10-08 to 2024-12-25 (Xade Finance 2024-10-08, TON 2024-10-09, ALLO 2024-12-19, Arknet 2024-12-25, and the earlier edge includes the 2024-10 timeframe). The second visible run is early-to-mid 2025 with Pre-Seed/Seed rounds such as Oro Labs ($2M, 2025-03-17), Asigna ($3M, 2025-05-27), and Byzanlink ($1M, 2025-06-26).
How often are rounds missing a disclosed amount or stage label, and what does that imply for using this list to compare deal sizes?
11 of 17 rows either have “undisclosed” amounts or “Series Unknown” stage labels, including PaybyBit (undisclosed, 2025-01-01) and Rewardable (undisclosed, 2024-09-12). This means size comparisons rely on only the disclosed subset; even within disclosed entries, the range is anchored by ALLO’s $100M (2024-12-19) and drops quickly to $6M and $2M levels (e.g., Pixelverse $6M on 2024-06-12; Talisman $2M on 2024-01-25).
What stage mix dominates the visible entries for blockchain and cryptocurrency rounds in Dubai?
“Series Unknown” appears in 7/17 rows (e.g., AXON on 2026-06-25 at $1M; ALLO on 2024-12-19 at $100M; TON on 2024-10-09 at $10M), while “Seed” shows up in multiple entries such as Utexo (Seed, $8M on 2026-03-06) and Arknet (Series A, $6M on 2024-12-25 is not Seed, highlighting the stage spread). “Undisclosed” is present for 4/17 entries (PaybyBit, Xade Finance, Rewardable, Marsbase, plus Coino Live), reducing the ability to compare across stages using disclosed dollars.
Are there notable outliers besides the biggest check size that would affect deal-by-deal analysis?
The other major analytic outliers are the missing-dollar entries: PaybyBit (undisclosed, 2025-01-01), Xade Finance (undisclosed, 2024-10-08), Marsbase (undisclosed, 2024-05-20), and Coino Live (undisclosed, 2024-02-14). These ‘no disclosed amount’ rows can distort median-based views unless handled separately, especially because disclosed amounts elsewhere span from $1M (AXON on 2026-06-25) up to ALLO’s $100M (2024-12-19).
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