UAE - Sharikat Mubasher: Hub71, Abu Dhabi’s global tech ecosystem, welcomed 25 new startups as part of its 14th cohort, a recent statement revealed.
The selected startups, operating in nine sectors, have collectively raised more than $122 million, with each raising $5 million on average.
The startups will enter Hub71’s Access program, and specialist ecosystems Hub71+ Digital Assets and Hub71+ ClimateTech, bringing the total number of startups currently in Hub71’s programs to 223.
The onboarded startups represent 11 countries across the region, including Saudi Arabia, UAE, Egypt, Canada, Spain, South Korea and more.
Five startups in the cohort will join Hub71+ ClimateTech, benefiting from a broad network of leading regional and global corporations, investment partners, and Abu Dhabi’s progressive regulatory environment to globally scale their climate technologies.
Meanwhile, Hub71+ Digital Assets, the specialist ecosystem focused on unleashing the growth potential of Web3 and digital assets, will witness the onboarding of nine new startups, increasing the total number of startups in the specialist ecosystem to 17.
The 25 startups are BioTwin, Dayta, Gameball, Growdash, Jalebi, Kingpin, LiveLink, Metric, Pangea Bio, Timber Exchange, Zypl, Bit2Me, BluWhale, Breach Insurance, Hundo, Immersve, Liminal, Superfine, WeaveDB, XBTO, Aqua Development, BaseTwo, Giga Energy, Graphmatech, and HyveGeo.
Ahmad Ali Alwan, CEO of Hub71, said: “Cohort 14 is particularly noteworthy. The cohort's startups' track record of successful fundraising emphasizes the strong growth potential Hub71 programs aim to unlock. Furthermore, this cohort also includes the first startups joining the Hub71+ ClimateTech specialist ecosystem, which aims to develop solutions aimed at addressing global climate challenges and supporting the UAE's sustainability ambitions."
He affirmed that Hab71’s revamped programs and specialist ecosystems provide startups with the resources they need to succeed in a market embracing transformation and visionary founders.
