Startups joining Hub71 have raised a total of over US$ 122mn in funding
Hub71’s Cohort 14 has raised a total of over US$ 12mn in funding, with each startup raising USD 5 million on average.
Hub71 continues to attract a diverse range of international tech startups to Abu Dhabi, receiving over 1200 applications, with more than 65% from international markets.
High-potential startups
In addition, 64% of the cohort are Seed and Series A, reflecting Hub71’s ability to scale high-potential startups from early stages of growth. Operating in nine sectors, including FinTech, ClimateTech, HealthTech, EdTech, and Mobility & Logistics, the startups will play a vital role in future-proofing key sectors of Abu Dhabi’s economy.
“As Abu Dhabi continues to empower innovative tech companies, Hub71’s revamped programmes and specialist ecosystems provide startups with the resources they need to succeed in a market embracing transformation and visionary founders. Cohort 14 is particularly noteworthy,” remarked Ahmad Ali Alwan, CEO, Hub71.
By joining Hub71’s ‘Access’ programme, Hub71+ ClimateTech or Hub71+ Digital Assets, startups will benefit from up to AED 250,000 worth of in-kind incentives and AED 250,000 in cash for equity. High-performing startups will also be eligible to receive a top-up of up to AED 250,000 in exchange for additional equity, after one year.
Startups will also receive expert mentorship, tailored advice and will be able to tap into Hub71’s growing network of market and capital partners to unlock growth opportunities.
