Hub71 and Investible’s partnership opens doors for ClimateTech startups
Hub71Abu Dhabi’s global tech ecosystem, has found a new ally to help startups access capital, with its recent partnership with Investable, the Asia-Pacific-based venture capital firm.
The agreement was signed during a delegation to Australia, where Hub71 officials met Australians MP Hon Christopher Pyne and Trevor Folsomco-founder and chairman of Investible in Melbourne.
The new partnership will help Abu Dhabi’s technology startups access Investible’s early-stage funds, which are collectively valued at approximately AUS$180 million, as well as Club Investible, a global network of more than 130 high-value investors who provide capital and expertise to early-stage startups .
Their partnership also supports the development of climate technology start-ups, reinforcing Hub71’s commitment to diversifying sources of capital for start-ups.
Investible’s Climate Tech Fund and Global Climate Tech Strategy will be available to ClimateTech startups at Hub71. While Investible’s dedicated team of investments, climate and sustainability experts will implement sustainability-driven technologies that can reduce emissions and promote climate adaptation.
Hub71, which is supported by The Government of Abu Dhabi and Mubadala Investment Company, a technology ecosystem that provides access to global markets, a capital ecosystem, a global network of partners and a vibrant community filled with highly qualified talent.
New markets
By deepening the capital base for disruptive and impact-driven technology startups in Abu Dhabi, founders can expand into new markets and attract more investors from Australia and the Asia-Pacific region.
Badr Al-OlamaActing CEO of Hub71, said: “Our partnership with Investible is yet another way to deepen the capital base for disruptive and impact-driven technology startups in Abu Dhabi. With more investors channeling funds into early-stage companies, our Hub71 founders can expand into new markets and attract more investors from Australia and the Asia-Pacific region.”
Commenting on the partnership, Rod BristowCEO of Investible, said: “The intersection of business and technology knows no boundaries. We are excited to partner with one of the MENA region’s most ambitious and active organizations to drive the early-stage technology sector forward.
“The scale of the climate crisis presents as much urgency as it does opportunity, and this partnership represents a step towards ensuring that the best solutions can accelerate globally, wherever they are born.
The Memorandum of Understanding was facilitated by AUS UAE Business Council member company May saffrona consulting firm founded in the UAE in 2015.
