During 2020, Pakistani startups succeeded to raise a whopping $47 million in pre-seed, seed, pre-Series A, Series B and Series B funding rounds in 23 transactions, which was a 26 percent increase from 2019 in the midst of a global economic downturn due to the Coronavirus pandemic. In 2019, from 19 transactions, Pakistani companies received $37 million.
According to Techshaw, 23 deals were signed last year, most in the transport category, with the average contract worth more than $2 million.
In terms of funding received in each quarter of 2020, 8 deals worth $1,265 million were signed during Q1 while 3 deals worth $13.1 million were detected during Q2.
Eight deals worth $16 million were finalized during Q3, while 8 deals worth $16.3 million were signed during Q4 last year.
Here is a full list of all the 2020 enterprises and funds raised.
Company Name | Funding Raised | Company Name | Funding Raised |
Screen-IT | $250,000 | Social Champ | $225,000 |
InstaCare | $140,000 | GrocerApp | $1,000,000 |
MandiExpress | $725,000 | Baby Planet | $250,000 |
Tajir | $3,300,000 | Safepay | $150,000 |
Bazaar | $1,300,000 | Byte | $150,000 |
Airlift | $10,000,000 | Aimfit | $1,000,000 |
Emeds.pk | $250,000 | Bykea | $13,000,000 |
Healthwire | $700,000 | Conatural | $825,000 |
MedznMore | $2,600,000 | Clicky | $700,000 |
FindMyAdventure | $600,000 | Roomy | $1,000,000 |
Bagallery | $900,000 | Finja | $9,000,000 |