Hub71 Welcomes 21 Startups to Abu Dhabi in 15th Cohort, Attracting Over $130 Million in Funding

Hub71 welcomes 21 startups in 15th Cohort to Abu Dhabi that have raised over $130mln in funding

Cohort 15 startups have raised over USD 130 million in capital, with 80 per cent of selected startups headquartered outside the UAE, reinforcing Hub71's ability to attract high-potential international startups and Abu Dhabi's appeal as a preferred global tech hub Nine startups from Cohort 15 to join Hub71's Access program, and an additional seven disruptive startups to join Hub71+ ClimateTech with five startups joining Hub71+ Digital Assets Abu Dhabi, UAE: Hub71, Abu Dhabi's global tech ecosystem, has welcomed 21 startups in Cohort 15, increasing the total number of ventures it supports to 243. Following a rigorous selection process, these startups will enter Hub71's Access program and the specialist ecosystems of Hub71+ Digital Assets and Hub71+ ClimateTech. Collectively, the startups in Cohort 15 have raised USD 134.9 million in funding, which underlines Hub71's success in attracting high-potential startups poised to drive technological innovation across the priority sectors of Abu Dhabi's diversified economy. Cohort 15 was selected from over 1228 applications, with 17 startups founded in international markets, including the USA, United Kingdom, France, and Germany. Notable startups set to join Hub71's Access program include EpiBone, a US-based HealthTech company that has raised USD 43 million (AED 158 million) in funding. Meanwhile, Partanna Oasis, a material science company that makes carbon-negative concrete and was co-founded by NBA legend Rick Fox, has raised USD 26 million (AED 98 million) in funding and is set to join Hub71+ ClimateTech. Additionally, UK-based Greengage that offers Web3 FinTech solutions for SME and family offices has raised USD 10 million (AED 36 million) in funding is set to join the Hub71+ Digital Assets specialist ecosystem. By joining Hub71, these startups are establishing operations in Abu Dhabi, further solidifying the UAE capital's status as a leading global tech hub and a preferred destination for entrepreneurial growth. Ahmad Ali Alwan, CEO of Hub71, said: "Cohort 15 is abundant with pioneering startups that are positioned to contribute to Abu Dhabi's innovation ecosystem. By providing the startups with access to investment opportunities and market reach, Hub71 is supporting the founders' journey in Abu Dhabi and accelerating their transformative impact globally." Additionally, more than half of Cohort 15 consists of Seed and Series A startups, demonstrating Hub71's ability to scale ventures from early stages. The selected startups operate in seven sectors, including FinTech, ClimateTech, HealthTech, EdTech, and Mobility & Logistics, and will play a crucial role in building the resilience and sustainable growth of Abu Dhabi's economy. A notable startup joining the Access program is Autone, a US-based logistics company offering an inventory management system that integrates AI to provide real-time data and decision intelligence for enterprises. The startup has secured USD 4.8 million (AED 17 million) in funding. Seven startups in the cohort will join Hub71+ ClimateTech, where they will have access to tailored resources and support packages designed to enable their mission of shaping a more sustainable future. With the latest cohort, Hub71+ ClimateTech comprises 12 startups, all poised to advance the nation's net-zero and sustainability ambitions. Among the startups is Plenesys, a company based in France, that creates innovative solutions that produce clean hydrogen without CO2 emissions. The startup achieves this by using plasma methane pyrolysis of natural gas or biomethane, at a 50 per cent lower cost than electrolysis. Plenesys has recently secured funding of USD 3 million (AED 11 million). Meanwhile, five startups are set to join Hub71+ Digital Assets, a specialist ecosystem focused on unleashing the growth potential of Web3 and digital assets. This increases the total number of startups in the specialist ecosystem to 22. Among the startups joining is Norway-based Gateway.fm, a distributed blockchain infrastructure that automates and provides enterprises with turnkey solutions for deploying private blockchains and infrastructure. The company has raised USD 6 million (AED 22 million). By joining Hub71 "Access" and Hub71+ specialist ecosystems, startups will be able to tap into a vibrant community of mentors, partners, and investors within Abu Dhabi's thriving technology ecosystem, gaining access to market opportunities, top talent, and capital, which significantly enhances their prospects of securing commercial deals, attracting investment, and driving market growth. Additionally, startups will benefit from up to AED 250,000 worth of in-kind incentives and AED 250,000 in cash for equity, through a SAFE note. High-performing startups will also be eligible to receive a top-up of up to AED 250,000 in exchange for additional equity upon completing the program. About Hub71: Hub71 is Abu Dhabi's global tech ecosystem that enables founders to build globally enduring homegrown tech companies in any sector by providing access to global markets, a capital ecosystem, a global network of partners, and a vibrant community filled with highly skilled talent governed by forward-thinking regulation. Backed by the Government of Abu Dhabi and Mubadala Investment Company, Hub71 is growing its vibrant community of tech startups, investors, government, and corporate partners to ensure the availability of investment, commercial activities, and incentives from the public and private sectors. Through Hub71's entrepreneurial infrastructure, value-add programs, enabling services and support packages, founders can build and scale widely adopted technologies with purpose and impact. Hub71 is on a mission to introduce new minds and technologies to Abu Dhabi, finding new ways to build globally enduring technology companies and sustain the nation's continuous economic development. For more information visit www.hub71.com and follow us on @Hub71AD #Hub71. Media contacts: Raneem Khatib, TechHubEdelman@Edelman.com; +971 50 204 9791

Abu Dhabi's Hub71 attracts $130mln in startup investment

ABU DHABI - Hub71, Abu Dhabi's global tech ecosystem, has welcomed 21 startups in Cohort 15, increasing the total number of ventures it supports to 243. Following a rigorous selection process, these startups will enter Hub71's Access program and the specialist ecosystems of Hub71+ Digital Assets and Hub71+ ClimateTech. Collectively, the startups in Cohort 15 have raised $134.9 million in funding, which underlines Hub71's success in attracting high-potential startups poised to drive technological innovation across the priority sectors of Abu Dhabi's diversified economy. Cohort 15 was selected from over 1228 applications, with 17 startups founded in international markets, including the USA, United Kingdom, France, and Germany. Notable startups set to join Hub71's Access program include EpiBone, a US-based HealthTech company that has raised $43 million (AED 158 million) in funding. Meanwhile, Partanna Oasis, a material science company that makes carbon-negative concrete and was co-founded by NBA legend Rick Fox, has raised $26 million (AED98 million) in funding and is set to join Hub71+ ClimateTech. Additionally, UK-based Greengage that offers Web3 FinTech solutions for SME and family offices has raised $10 million (AED36 million) in funding is set to join the Hub71+ Digital Assets specialist ecosystem. By joining Hub71, these startups are establishing operations in Abu Dhabi, further solidifying the UAE capital's status as a leading global tech hub and a preferred destination for entrepreneurial growth. Ahmad Ali Alwan, CEO of Hub71, said: "Cohort 15 is abundant with pioneering startups that are positioned to contribute to Abu Dhabi's innovation ecosystem. By providing the startups with access to investment opportunities and market reach, Hub71 is supporting the founders' journey in Abu Dhabi and accelerating their transformative impact globally." Additionally, more than half of Cohort 15 consists of Seed and Series A startups, demonstrating Hub71's ability to scale ventures from early stages. The selected startups operate in seven sectors, including FinTech, ClimateTech, HealthTech, EdTech, and Mobility & Logistics, and will play a crucial role in building the resilience and sustainable growth of Abu Dhabi's economy. A notable startup joining the Access program is Autone, a US-based logistics company offering an inventory management system that integrates AI to provide real-time data and decision intelligence for enterprises. The startup has secured $4.8 million (AED17 million) in funding. Seven startups in the cohort will join Hub71+ ClimateTech, where they will have access to tailored resources and support packages designed to enable their mission of shaping a more sustainable future. With the latest cohort, Hub71+ ClimateTech comprises 12 startups, all poised to advance the nation's net-zero and sustainability ambitions. Among the startups is Plenesys, a company based in France, that creates innovative solutions that produce clean hydrogen without CO2 emissions. The startup achieves this by using plasma methane pyrolysis of natural gas or biomethane, at a 50 per cent lower cost than electrolysis. Plenesys has recently secured funding of $3 million (AED11 million). Meanwhile, five startups are set to join Hub71+ Digital Assets, a specialist ecosystem focused on unleashing the growth potential of Web3 and digital assets. This increases the total number of startups in the specialist ecosystem to 22. Among the startups joining is Norway-based Gateway.fm, a distributed blockchain infrastructure that automates and provides enterprises with turnkey solutions for deploying private blockchains and infrastructure. The company has raised $6 million (AED22 million). By joining Hub71 "Access" and Hub71+ specialist ecosystems, startups will be able to tap into a vibrant community of mentors, partners, and investors within Abu Dhabi's thriving technology ecosystem, gaining access to market opportunities, top talent, and capital, which significantly enhances their prospects of securing commercial deals, attracting investment, and driving market growth. Additionally, startups will benefit from up to AED 250,000 worth of in-kind incentives and AED250,000 in cash for equity, through a SAFE note. High-performing startups will also be eligible to receive a top-up of up to AED 250,000 in exchange for additional equity upon completing the programme.