Nabta is the only startup selected from the UAE and one of only two startups from the Middle East and North Africa (MENA) region.
About the Upstart 100
Every year, CNBC scans the globe looking for the top 100 venture-backed start-ups that have the potential to transform industries and become tomorrow’s household names. The 2019 Upstart 100 list showcases young start-ups that are addressing the rapidly changing technological era we live in. Selected from more than 600 nominees globally, each startup was scored on eight equally weighted quantitative metrics (read more about CNBC’s methodology here).
Each Upstart has successfully raised venture capital, which means valuations are still relatively low, while promise and potential are high. And although the unicorns of 2019 have represented at times frothy, fadlike market trends, the Upstart 100 companies present a broader picture of where venture capitalists are placing their bets in the more distant future.
The companies that made this year’s Upstart 100 list represent nearly every sector of the economy, from enterprise software and finance to insurance, health care, and retail. All of them are less than five years old, but 40 are less than three years old and 11 were founded just last year. They come from 10 different countries, 16 U.S. states, and DC. Of the 100, 25 are led by women.
We’re very proud to be flying the flag for women, the UAE, and the MENA region. 2020 is going to be a great year for Nabta Health.