Abu Dhabi’s global tech ecosystem, Hub71, has partnered with Investible, a venture capital firm based in the Asia-Pacific region, to support the growth of technology startups and early-stage companies in Abu Dhabi. This partnership will provide founders at Hub71 access to Investible’s Early-Stage Funds, valued at approximately AUS$180 million, and Club Investible, a global network of over 130 high-net-worth investors who provide capital and expertise for additional growth support.
Through this collaboration, Investible will have access to Hub71’s startup community, where it will contribute to mentorship programs and events to provide additional value to founders scaling early-stage startups. Additionally, ClimateTech startups will be able to explore funding opportunities through Investible’s Climate Tech Fund and Global Climate Tech Strategy, as well as benefit from Investible’s team of investment, climate, and sustainability experts to deploy sustainability-driven technologies that can reduce emissions and promote climate adaptation.
The partnership agreement was signed by Badr Al Olama, Acting CEO of Hub71, and Trevor Folsom, Co-Founder and Chair of Investible in Melbourne, Australia, alongside a delegation from the Australia United Arab Emirates (AUS UAE) Business Council to Australia and Australian MP Hon Christopher Pyne.
This partnership is expected to deepen the capital pool for disruptive and impact-driven tech startups in Abu Dhabi, providing them with more access to funds to expand into new markets and attract more investors from Australia and the Asia-Pacific region. The CEO of Investible, Rod Bristow, expressed excitement over the partnership, noting that it presents an opportunity to drive the early-stage tech sector forward, particularly in addressing the climate crisis. He further stated that this partnership represents a step towards ensuring the best solutions can accelerate globally, no matter where they are born, and he looks forward to welcoming opportunities for over 200 companies in Hub71’s ecosystem to bring their innovative solutions to Australia, Southeast Asia, and beyond.
About Author
