International investors and venture capitalists showed significant interest in technology startups based in Pakistan in 2021 with record investment totaling upwards of approximately USD 300 million.1
The momentum continues in 2022 with announcements of large funding rounds in the first quarter of 2022. The Securities and Exchange Commission of Pakistan (SECP), the main companies regulator and the State Bank of Pakistan (SBP), the regulator for the financial services industry, both combined have introduced initiatives and legal and regulatory reforms to facilitate the new and changing needs of technology start-ups.
For a quick understanding of some of the recent changes in the law geared towards creating a more enabling ecosystem for technology start-ups please click here.
As per publicly available information, notable funding rounds and investments in Pakistani technology start-ups in 2021 and the first quarter of 2022 include:
**2022 Rounds highlighted in yellow.
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