One thing no one will disagree on is that 2020 was quite some year. And while the consensus would be because of how quickly and radically the world has changed, for some, 2020 will be the year that opportunities presented themselves and they reached out and grabbed them. One of the groups that have had cause to celebrate the last year are Pakistani startups, which according to various estimates, have raised between $65 million to $66 million in disclosed and undisclosed funding during the year 2020.
The $65.7 million in disclosed funding number comes from the Islamabad-based invest 2 innovate (i2i) Ventures, a venture capital firm that invests in early-stage startups. Whereas according to Data Darbaar, an up and coming platform providing insights on startups, the total raised by startups in 2020 was as high as $66.24 million. The number is visibly higher than in 2019, when startups raised a total of $47.5 million, according to i2i Ventures.