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.
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