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Monday, June 24, 2024

Hub71 and Investible partnership opens doors for ClimateTech startups


hub 71Abu Dhabi’s global tech ecosystem, has found a new ally to help start-ups secure funding, recently partnering with investable, A venture capital firm headquartered in the Asia-Pacific region.

The agreement was signed during a delegation’s visit to Australia, where Hub71 officials met Australians Hon Christopher Pyne MP and Trevor FolsomCo-Founder and Chairman of Investible in Melbourne.

The new partnership will help Abu Dhabi’s tech start-ups gain access to Investible’s early-stage funds, which have a combined value of approximately A$180 million, and Club Investible, a network of more than 130 high-net-worth investors contributing capital. global network and expertise in early-stage startups.

Their partnership also supports the growth of climate technology startups, reinforcing Hub71’s commitment to diversifying capital sources for startups.

Investible’s climate technology fund and global climate technology strategy will be provided to Hub71’s climate technology startups. Investible’s team of investment, climate and sustainability experts will deploy sustainability-driven technologies to reduce emissions and facilitate climate adaptation.

Hub71, by abu dhabi government and Mubadala Investment Company, A technology ecosystem It provides access to global markets, an ecosystem of capital, a global network of partners, and a vibrant community of highly skilled talent.

new market

By deepening capital pools for disruptive and impact-driven technology start-ups Abu Dhabi, Founders can tap into new markets and attract more investors from Australia and Asia Pacific.

badr auramaInterim CEO of Hub71 said: “Our partnership with Investible is another way to deepen the capital pool for Abu Dhabi’s disruptive and impact-driven tech startups. Early stage companies, we Hub71 founders can open up new markets and attract more investors from Australia and Asia Pacific.”

comment partnership, Rod BristowThe CEO of Investible said: “The intersection of business and technology knows no borders. We are excited to partner with one of the most ambitious and active organizations in the MENA region to drive the early-stage tech industry forward.

“The scale of the climate crisis presents both opportunity and urgency, and this partnership represents a step towards ensuring that the best solutions can be accelerated globally, wherever they originate.

The memorandum of understanding is made by Australia UAE Business Council Member company plum blossoma consulting firm established in 2015 in the UAE.


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