Pakistani Startups Break Records in 2020 Despite Global Economic Slowdown

Despite a global economic slowdown due to the Coronavirus pandemic, Pakistani startups managed to raise a record $47 million in pre-seed, seed, pre-Series A, Series B, and Series B funding rounds during 2020 in 23 deals, a 26% increase from 2019. Pakistani companies had raised $37 million across 19 deals in 2019.

According to Techshaw, 23 deals, most of them in the transportation category, were signed last year with the average deal being worth just over $2 million.