Funded Blockchain and Cryptocurrency Startups in United Arab Emirates
Among the 16 most recent rounds tracked for blockchain and cryptocurrency companies in the UAE, Dubai accounts for the overwhelming majority — 14 of the 16…
Among the 16 most recent rounds tracked for blockchain and cryptocurrency companies in the UAE, Dubai accounts for the overwhelming majority — 14 of the 16 companies — with Abu Dhabi represented by Shiga Digital and Credbull. The data spans January 2024 through late June 2025, with three rounds closing in Q2 2025 alone: Byzanlink's $1M pre-seed, Shiga Digital's undisclosed raise, and Asigna's $3M seed.
Seed-stage rounds form the largest cohort, with eight companies at that stage, including Pixelverse ($6M, June 2024) and Credbull ($5M, August 2024). The largest disclosed round belongs to ALLO at $100M in December 2024, followed by Flare Network's $35M raise in February 2024 — both classified as Series Unknown. Arknet is the only company carrying a confirmed Series A label, closing $6M in December 2024.
Most recent rounds
16 shownRelated listings
Frequently asked
What are the largest disclosed funding rounds among UAE blockchain startups in this data?
ALLO leads with $100M raised in December 2024, though its round is classified as Series Unknown. Flare Network follows with $35M in February 2024, and TON raised $10M in October 2024 — both also Series Unknown. Among rounds with explicit stage labels, Arknet (Series A) and Pixelverse (Seed) each closed $6M rounds, in December and June 2024 respectively.
Where are most funded blockchain and cryptocurrency companies in the UAE located?
Dubai is the dominant hub by a wide margin — 14 of the 16 companies are headquartered there. Abu Dhabi accounts for the remaining two: Shiga Digital, which closed an undisclosed round in June 2025, and Credbull, which raised $5M at seed stage in August 2024.
What funding stages are most common in this segment?
Seed is the most prevalent stage, covering eight of the sixteen companies, including Asigna ($3M), Pixelverse ($6M), Credbull ($5M), and Talisman ($2M). Five rounds carry a Series Unknown classification — often indicating token sales, strategic raises, or undisclosed structures. Arknet is the only company with a confirmed Series A, and there are two pre-seed rounds: Byzanlink ($1M) and Oro Labs ($2M).
How has deal activity been distributed across 2024 and 2025?
Eleven of the sixteen rounds closed in calendar year 2024, with activity spread across all four quarters. Five rounds have closed in 2025 through late June, including Byzanlink's pre-seed (June 26), Shiga Digital's undisclosed raise (June 5), and Asigna's $3M seed (May 27) — suggesting the pace has continued into mid-2025.
What do typical early-stage round sizes look like for UAE crypto startups in this dataset?
Among pre-seed and seed rounds with disclosed amounts, sizes range from $1M (Byzanlink) to $6M (Pixelverse). Credbull raised $5M, Asigna $3M, Talisman $2M, and Oro Labs $2M at those stages. Several seed rounds — PaybyBit, Rewardable, Marsbase, and Coino Live — did not disclose amounts, so the observed range reflects only a subset of the cohort.
Are there any Series A or later-stage companies visible in this segment?
Arknet is the only company in the dataset with a confirmed Series A label, raising $6M in Dubai in December 2024. The five Series Unknown rounds — including ALLO's $100M — may represent later-stage or non-traditional raises, but their exact structure is not specified in the available data.
Know which startups just got funded. Every week.
Fresh funding rounds, new companies, and the sectors moving fastest — in your inbox every Monday morning.
Free. Sent every Monday. Unsubscribe anytime.