Here’s how Hub71, Investible will support climate tech and other early-stage companies

Hub71 has partnered with Asia-Pacific based venture capital firm Investible, to support the growth of tech startups and early-stage companies in Abu Dhabi.

Founders who are part of Hub71 will have access to Investible’s ‘Early-Stage Funds’ valued at approximately AUS$180m funds under management collectively.

The tech ecosystem’s startups will also gain access to Club Investible, a global network of more than 130 high-net-worth investors who provide capital and expertise, for additional growth support.

Investible to enter UAE market

Investible will gain entry into the UAE’s capital city with access to Hub71’s startup community where it will contribute to mentorship programmes and events to provide additional value to founders scaling early-stage startups.

Additionally, climate tech startups will also be able to explore funding opportunities through Investible’s Climate Tech Fund and Global Climate Tech Strategy.

They will also benefit from Investible’s team of investment, climate, and sustainability experts to deploy sustainability-driven technologies that can reduce emissions and promote climate adaptation.

Badr Al-Olama, acting chief executive officer of Hub71, said: “Our partnership with Investible is yet another way of deepening the capital pool for disruptive and impact-driven tech startups in Abu Dhabi.

“With more investors channelling funds to early-stage companies, our founders at Hub71 can expand into new markets and attract more investors from Australia and the Asia-Pacific region.”

We are thrilled to announce our partnership with @investible, an Asia-Pacific based venture capital firm with over AUS$180 million funds under management. This partnership will provide our startups with access to early-stage funds and a global network of high-net-worth investors. pic.twitter.com/rzD0zcFnCI

— Hub71 (@hub71ad) March 7, 2023

Rod Bristow, chief executive officer of Investible, said: “The intersection of business and technology knows no borders. We’re excited to be partnering with one of the MENA region’s most ambitious and active organisations to drive the early-stage tech sector forward.

“The scale of the climate crisis presents as much urgency as it does opportunity, and this partnership represents a step toward ensuring the best solutions can accelerate globally, no matter where they’re born.

“We look forward to supporting Asia Pacific founders entering this growing market, and welcoming opportunities for the 200+ companies in Hub71’s ecosystem to bring their innovative solutions to Australia, Southeast Asia and beyond.”

The memorandum of understanding was facilitated by the AUS UAE Business Council member company Maysaffron, an advisory firm founded in the UAE in 2015.

In recent news, Hub71 launched Hub71+ Digital Assets, a dedicated Web3 specialist ecosystem. It has more than $2bn of capital committed to fund Web3 startups and blockchain technologies.

Hub71+ is a specialist ecosystem dedicated to advancing specific technology sectors. Its first offering is the launch of ‘Hub71+ Digital Assets’ –  which will be based at Abu Dhabi Global Market (ADGM).

Read: Abu Dhabi launches ‘Hub71+ Digital Assets’ to accelerate growth of Web3 startups

Through this ecosystem, startups, from seed to unicorn stage, can scale globally, unlocking access to programmes, initiatives, and corporate, government and investment partners.

First Abu Dhabi Bank (FAB) and its research and innovation centre, Fabric join as the anchor partner of Hub71+ Digital Assets.

FAB will identify Web3 startups, entrepreneurs and breakthrough technologies to help the bank reimagine financial services in the metaverse.

In other developments, Masdar City and Hub71 will promote opportunities for clean tech and climate tech startups focused on sustainability.

This development follows the signing of an MoU at Abu Dhabi Sustainability Week by virtue of which the entities will identify opportunities to collaborate in areas including mobility, food, health, and climate action.

The MoU also named Hub71 as the freezone’s official startup ecosystem partner.

Also read: Abu Dhabi’s Hub71 named Masdar City’s official startup ecosystem partner