STEP Conference, the event that is often touted as the leading technology festival for emerging markets, justified that title by facilitating deals worth AED 600 million this year.
The 2020 edition of the festival drew more than 7,000 visitors from across the world who were joined by 300 exhibitors representing 24 countries. 200 speakers also participated to double down the charm of the event.
Overall, STEP Conference 2020 did a splendid job reflecting the growth, innovation, and investment in the tech sector across emerging markets.
Among the top-gainers this year was Vezeeta, a leading digital healthcare platform in the Arab world. The startup announced at the event that it had bagged $40 million in a Series D round led by Gulf Capital. Similarly, Okadoc, an instant doctor appointment booking platform, wrapped up its $10 million Series A round at STEP 2020.
Many other startups scored lucrative investment deals at the event, helping STEP 2020 emerge perhaps the most successful edition in history.
“Over the last nine years, STEP has evolved into one of the largest and most exciting tech festivals in the region, and as a strategic partner, we are extremely proud to have contributed to its growth. Continuing the success of previous years, the 2020 edition of STEP, a proven hotbed for entrepreneurs, startups and investors, was a great way for DIC to kick-off its plans for the year and reiterate its notable economic contributions to the UAE and beyond,” said Ammar Al Malik, Managing Director of Dubai Internet City.