UAE emerges top choice for local angel investors
30 March 2019 9:10 AM GMT
More than 50 per cent of local angel investors are prioritising the UAE over other global markets, said a report, thus highlighting the attractiveness of the region for startups. For investors, FinTech startups were their most significant priority.
- Around 55 per cent of local angel investors are prioritizing the UAE over other global markets according to the latest research from startAD, the Abu Dhabi-based global accelerator anchored at NYU Abu Dhabi and powered by Tamkeen.
- The research profiled the typical angel investor in the UAE, whose average age is 42, which demonstrates that the emirates has a significantly younger angel investment circle compared to other nations, such as the US (58), the UK (57), and France (60+).
- These findings reveal the importance of the UAE for angel investors globally and demonstrates the attractiveness of the region for startups.
- For investors, FinTech startups were their most significant priority, receiving 29 per cent of investments, it stated.
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