Seven startups will join Hub71+ ClimateTech and gain resources aligned to their sustainability missions.
Abu Dhabi’s global tech hub, Hub71, has welcomed 21 new startups to Cohort 15, bringing the total number of supported ventures to 243. After a thorough selection process, the startups will join Hub71’s Access Programme, as well as its specialised ecosystems of Hub71+ Digital Assets and Hub71+ ClimateTech. Cohort 15 startups have collectively raised $134.9 million, highlighting Hub71’s effectiveness in attracting promising companies looking to drive technological advancements across key sectors of Abu Dhabi’s diversified economy.
Competitive Selection Process
According to a statement, this latest cohort was selected from over 1,228 applications and includes 17 startups hailing from international markets such as the US, UK, France and Germany. Among the standout companies that participated in Hub71’s Access Programme is US-based healthtech company EpiBone, which secured $43 million (Dh158 million) in funding. Additionally, Partanna Oasis, co-founded by NBA star Rick Fox, produces carbon-negative concrete and has raised $26 million (Dh98 million) and will join Hub71+ ClimateTech. UK-based Greengage, which provides Web3 FinTech solutions to SMEs and family offices, has raised $10 million (Dh36 million) and will also join the Hub71+ Digital Assets ecosystem. By operating in Abu Dhabi, these startups will further strengthen the UAE capital’s position as one of the world’s leading technology hubs and hubs for entrepreneurial growth.
Ahmad Ali Alwan, CEO of Hub71, said Cohort 15 is home to a number of innovative startups ready to strengthen Abu Dhabi’s innovation ecosystem. He said that by providing investment opportunities and market access to these startups, Hub71 is helping to accelerate founders’ journeys in Abu Dhabi and accelerate their impact on the world.
Nurturing early-stage ventures
Additionally, over 50% of Cohort 15 is made up of seed and Series A startups, highlighting Hub71’s ability to nurture ventures from the earliest stages. The selected startups span seven sectors:
The group includes startups in the fields of Fintech, Climatetech, Healthtech, Edtech and Mobility & Logistics, all of which will contribute significantly to the resilience and sustainable development of Abu Dhabi’s economy. A notable new addition to the Access Programme is Autone, a US-based logistics company that offers an AI-integrated inventory management system. Autone has successfully raised $4.8 million (Dh17 million) in funding.
Focus on sustainability efforts
Seven startups have joined Hub71+ ClimateTech, giving them access to specialized resources and support aligned to their sustainability missions. This brings the total number of Hub71+ ClimateTech startups to 12, all committed to advancing the country’s net-zero and sustainability goals. They include Plenesys, a French company developing an innovative way to produce clean, CO2-emission hydrogen using plasma methane pyrolysis of natural gas or biomethane at 50% lower cost than traditional electrolysis. Plenesys recently secured $3 million (AED11 million) in funding.
Digital Asset Advancements
Meanwhile, five startups will join Hub71+ Digital Assets, a specialized ecosystem aimed at unlocking the potential of Web3 and digital assets, raising the total number of startups in the space to 22. Among them is Norwegian company Gateway.fm, a decentralized blockchain infrastructure provider that automates the deployment of private blockchains and offers turnkey solutions. The company has raised $6 million (AED22 million).
Read more: UAE’s Hub71 revamps incentive program to offer grants of up to $204,194
Community and support for startups
By joining Hub71’s access program and its specialized ecosystem, startups will benefit from a vibrant community of mentors, partners and investors in Abu Dhabi’s burgeoning technology industry, enhancing their access to market opportunities, talent and capital. These benefits significantly increase the likelihood of securing commercial deals, attracting investment and achieving market growth. In addition, startups can receive up to AED 250,000 in cash as in-kind incentives and AED 250,000 in equity through SAFE notes, and high-performing startups will be eligible to receive up to AED 250,000 in additional funding in exchange for further equity upon program completion.
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