Abu Dhabi’s Hub71 hosts 21 startups with $134.9 million in funding

Hub71, Abu Dhabi’s global technology hub, has welcomed 21 new startups to Cohort 15, bringing its admitted companies to 243. After a thorough selection process, these startups will participate in Hub71’s Access program as well as Hub71+ Digital’s specialized ecosystems. Assets and Hub71+ ClimateTech. Collectively, cohort 15 startups have raised $134.9 million, highlighting Hub71’s effectiveness in attracting high-potential companies that aim to foster technological advancement in key sectors of Abu Dhabi’s diversified economy.

A competitive selection process

According to a statement, this latest cohort was chosen from more than 1,228 applications, with 17 startups originating from international markets such as the United States, United Kingdom, France and Germany. Notable companies entering Hub71’s Access Program include EpiBone, a US-based HealthTech company that has secured $43 million (AED 158 million) in funding. Additionally, Partanna Oasis, co-founded by NBA star Rick Fox, produces carbon-negative concrete and raised $26 million (AED 98 million); will join Hub71+ ClimateTech. UK-based Greengage, which provides Web3 FinTech solutions for SMEs and family offices, has raised $10 million (AED 36 million) and will also join the Hub71+ digital asset ecosystem. By establishing operations in Abu Dhabi, these startups further strengthen the UAE capital’s position as a leading global technology destination and hub for business growth.

Ahmad Ali Alwan, CEO of Hub71, expressed that cohort 15 is full of innovative startups ready to enhance Abu Dhabi’s innovation ecosystem. He noted that by providing these startups with access to investment opportunities and market reach, Hub71 is facilitating founders’ journeys in Abu Dhabi and helping to accelerate their global impact.

Promotion of companies in the initial phase

In addition, more than 50 percent of Cohort 15 consists of Seed and Series A startups, highlighting Hub71’s ability to nurture companies from their early stages. The chosen startups span seven sectors, including:

The cohort includes FinTech, ClimateTech, HealthTech, EdTech and Mobility & Logistics startups, all of which contribute significantly to the resilience and sustainable development of the Abu Dhabi economy. A notable addition to the Access program is Autone, an American logistics company that offers an AI-integrated inventory management system. Autone has successfully raised $4.8 million (AED 17 million) in funding.

Focus on sustainability initiatives

Seven startups will join Hub71+ ClimateTech, having access to specialized resources and support tailored to their sustainability missions. This brings the total number of startups in Hub71+ ClimateTech to 12, all dedicated to advancing the country’s sustainability and net zero goals. Among them is Plenesys, a French company developing innovative methods to produce clean hydrogen without CO2 emissions, using natural gas plasma methane pyrolysis or biomethane at a cost 50 percent lower than traditional electrolysis. Plenesys recently secured $3 million (AED 11 million) in funding.

Advances in digital assets

Meanwhile, five startups will enter Hub71+ Digital Assets, a specialized ecosystem aimed at unlocking the potential of Web3 and digital assets, bringing the total number of startups in this area to 22. Among them is Gateway.fm, based in Norway, which offers distributed blockchain. infrastructure that automates and provides turnkey solutions for the deployment of private blockchains. This company raised $6 million (AED 22 million).

Read more: UAE’s Hub71 reinvents incentive program and awards up to $204,194

Community and support for startups

By participating in Hub71’s Access program and its specialized ecosystems, startups will benefit from a vibrant community of mentors, partners and investors within Abu Dhabi’s burgeoning technology landscape, improving their access to market opportunities, talent and funding. These advantages significantly increase your chances of securing business deals, attracting investment and achieving market growth. In addition, startups can receive up to AED 250,000 in-kind incentives and AED 250,000 in cash in exchange for equity through a SAFE note, and high-performing startups can receive an additional top-up of up to AED 250,000 in exchange for additional equity upon completion. the program

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