Pakistani startups have raised $133.7 million across 10 deals in 2026 so far, despite continued challenges in accessing early-stage capital, according to a report by i2i Ventures.
The report, covering Pakistan’s startup funding landscape in the third quarter of 2026, said startups raised $74.7 million across five deals in Q3 2026, nearly five times the $15.3 million raised across nine deals during the same period last year.
However, the headline funding figure was heavily driven by Fasset, which raised $68 million in a Series C round at a $1 billion valuation. The UAE-headquartered fintech accounted for around 91% of Pakistan’s Q3 funding total, as Pakistan remains a key market for its strategy.
Excluding Fasset, Pakistani startups raised around $6.7 million during Q3, highlighting the continued shortage of early-stage funding in the country.
Among other notable deals, fintech startup Qist Bazaar raised around $1.8 million through a privately placed Sukuk, while Oraan secured an undisclosed investment from Epic Angels alongside existing investors. Edtech startup Edversity also raised $400,000 from Rapidev Group to support its international expansion.
i2i Ventures noted that while capital scarcity remains a major challenge, developments in Pakistan’s public markets and regulatory environment are creating new opportunities for startups and investors.
The report highlighted recent startup listings on the Pakistan Stock Exchange, including Tasdeeq’s IPO, as potential new exit routes for growth-stage companies. It also pointed to government initiatives such as the proposed Venture Capital Bill and a planned $10 million second phase of the Pakistan Startup Fund.
According to i2i Ventures, these developments, along with new regulations for virtual asset businesses, progress on digital banking and regulatory sandbox initiatives, and growing technology infrastructure, could strengthen Pakistan’s startup ecosystem despite ongoing funding constraints.
