Moove, Cargo X, And Tabby Raise $733mln Combined, Accounting For 49% Of UAE Tech’s $1.5bln In 9M 2026

Tracxn Technologies Limited, a leading data intelligence platform, today released the UAE Tech – 9M 2026 Report, covering funding, stage-wise trends, investors, exits, unicorns and city-level activity across the UAE’s technology ecosystem from Jan 1, 2026 to Sep 30, 2026.

UAE Tech companies raised $1.5B in the first nine months of 2026 (9M 2026), down 63% from $4.1B in 9M 2025 and 29% from $2.1B in 9M 2024, across 67 rounds, down 29% from 94.

 Most of the capital went to a handful of large Late Stage rounds, and Dubai companies drew a larger share of it than a year earlier. Seed was the one stage where funding grew, on fewer rounds. Acquisition volume moved lower, no company went public, and two Dubai companies became unicorns. The biggest exit was Dubai Taxi Corporation’s purchase of National Taxi.

UAE Tech Funding Falls 63% to $1.5B, Ten Largest Rounds Take 83%

Of the $1.5B raised in 9M 2026, 63% less than in 9M 2025, the ten largest rounds totalled $1.2B, or 83%. Two rounds tied for the largest at $250M each. Moove, a Dubai-based provider of vehicle financing to mobility entrepreneurs, raised a Series C in Aug 2026, and Cargo X, based in Abu Dhabi, raised a Series D in June 2026. Together they account for 33% of the total. Tabby followed with a $233M Series F in Sep 2026. Series A+ rounds fell 10% to 26, and first-time funded companies fell 35% to 34. The average round  was $22M, against $43M in 9M 2025.

Seed Funding Rises 47% to $143M, Late Stage Takes 71% of the Total 

Seed Stage funding rose 47% to $143M from $97M in 9M 2025, on 41 rounds, down 37% from 65. Comfi, based in Dubai, raised a $65M Seed round in Apr 2026, equal to 45% of Seed funding and larger than the stage’s $46M increase. Early Stage funding fell 53% to $292M from $624M, on 19 rounds against 24. Late Stage funding fell 68% to $1.1B from $3.3B, on 7 rounds against 5, and took 71% of all funding, against 82% in 9M 2025. Seed took 10% of funding and Early Stage 19%.

 On the investor side, 78 investors backed UAE Tech companies, down 27% from 107, including 55 international investors, against 77. Investors backing a UAE Tech company for the first time fell 18% to 41. 500 Global led Seed Stage investors with 3 investments, and Plus VC, Oraseya Capital and Orbit Ventures made 2 each. The UAE-based firm Further led Early Stage investors with 3 investments, in CredibleX, KAIO and Opnet.

Dubai Takes 69% of UAE Tech Funding, Up From 49% in 9M 2025 

Dubai companies raised $1.0B in 9M 2026, or 69% of all funding, up from a 49% share in 9M 2025. Abu Dhabi companies raised $444M, or 30%, against 50% a year earlier. Ras Al Khaimah followed with $9M from Sparq’s Seed round, against none in 9M 2025. The three cities account for 99% of all funding.

Ranked by segment, FinTech companies raised the most, $567M, against $2.4B in 9M 2025. Transportation and Logistics Tech companies raised $502M, against $12M a year earlier, and Enterprise Applications companies raised $319M, against $1.4B.

UAE Tech Acquisitions Fall 18% to 9 in 9M 2026 

UAE Tech companies saw 9 acquisitions in 9M 2026, down 18% from 11 in 9M 2025 and 44% from 16 in 9M 2024. National Taxi was acquired by Dubai Taxi Corporation for $395M in May 2026. Neurovia AI was acquired by Robo for $100M in May 2026, and Finergi was acquired by Optasia for $30M in Mar 2026. No public listings were recorded, against 1 in 9M 2025 and 1 in 9M 2024.

 On unicorns, Fasset, a blockchain-based platform for buying and selling crypto assets, and Moove both reached a $1B valuation in Aug 2026.

All our reports are available on our website.

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