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Hub71, Abu Dhabi’s global tech hub, just added 21 startups to its roster with the latest cohort, bringing the total number of startups under its belt to 243, according to a Hub71 statement. Collectively, these startups have secured USD 134.9 mn in funding. The startups, 80% of which are headquartered outside the UAE, operate across seven sectors, including fintech, climatetech, healthtech, edtech, and mobility and logistics. Over half of the startups were seed and series A ventures.
Notable startups joining Hub71’s Access program include:
- US-based healthtech EpiBone, which has raised USD 43 mn (AED 158 mn) in funding;
- Carbon-negative concrete-focused material science company Partanna Oasis which has raised USD 26 mn (AED 98 mn) in funding;
- UK-based Web3 fintech solutions provider Greengage which has raised USD 10 mn (AED 36 mn) in funding;
- US-based logistics company Autone which has secured USD 4.8 mn (AED 17 mn) in funding;
- France-based clean hydrogen producer Plenesys which has secured funding of USD 3 mn (AED 11 mn);
- Norway-based distributed blockchain infrastructure platform Gateway.fm which has raised USD 6 mn (AED 22 mn).
What the startups are getting: Startups can benefit from incentives worth up to AED 250k and receive an additional AED 250k in cash for equity through a SAFE note as part of Hub71’s Access program and its other ecosystems. Well-performing startups may also qualify for up to AED 250k more in exchange for equity upon completing the program.
