Hub71 Welcomes 21 Startups in 15th Cohort to Abu Dhabi That Have Raised Over USD 130 Million in Funding 

Hub71, Abu Dhabi's global tech ecosystem, has welcomed 21 startups in Cohort 15, increasing the total number of ventures it supports to 243. Following a rigorous selection process, these startups will enter Hub71’s Access program and the specialist ecosystems of Hub71+ Digital Assets and Hub71+ ClimateTech. Collectively, the startups in Cohort 15 have raised USD 134.9 million in funding, which underlines Hub71’s success in attracting high-potential startups poised to drive technological innovation across the priority sectors of Abu Dhabi’s diversified economy. 

Cohort 15 was selected from over 1228 applications, with 17 startups founded in international markets, including the USA, United Kingdom, France, and Germany. Notable startups set to join Hub71’s Access program include EpiBone, a US-based HealthTech company that has raised USD 43 million (AED 158 million) in funding. Meanwhile, Partanna Oasis, a material science company that makes carbon-negative concrete and was co-founded by NBA legend Rick Fox, has raised USD 26 million (AED 98 million) in funding and is set to join Hub71+ ClimateTech. Additionally, UK-based Greengage that offers Web3 FinTech solutions for SME and family offices has raised USD 10 million (AED 36 million) in funding is set to join the Hub71+ Digital Assets specialist ecosystem. By joining Hub71, these startups are establishing operations in Abu Dhabi, further solidifying the UAE capital’s status as a leading global tech hub and a preferred destination for entrepreneurial growth.

Ahmad Ali Alwan, CEO of Hub71, said: “Cohort 15 is abundant with pioneering startups that are positioned to contribute to Abu Dhabi's innovation ecosystem. By providing the startups with access to investment opportunities and market reach, Hub71 is supporting the founders' journey in Abu Dhabi and accelerating their transformative impact globally.”

Additionally, more than half of Cohort 15 consists of Seed and Series A startups, demonstrating Hub71’s ability to scale ventures from early stages. The selected startups operate in seven sectors, including FinTech, ClimateTech, HealthTech, EdTech, and Mobility & Logistics, and will play a crucial role in building the resilience and sustainable growth of Abu Dhabi’s economy. A notable startup joining the Access program is Autone, a US-based logistics company offering an inventory management system that integrates AI to provide real-time data and decision intelligence for enterprises.  The startup has secured USD 4.8 million (AED 17 million) in funding.

Seven startups in the cohort will join Hub71+ ClimateTech, where they will have access to tailored resources and support packages designed to enable their mission of shaping a more sustainable future. With the latest cohort, Hub71+ ClimateTech comprises 12 startups, all poised to advance the nation’s net-zero and sustainability ambitions. Among the startups is Plenesys, a company based in France, that creates innovative solutions that produce clean hydrogen without CO2 emissions. The startup achieves this by using plasma methane pyrolysis of natural gas or biomethane, at a 50 per cent lower cost than electrolysis. Plenesys has recently secured funding of USD 3 million (AED 11 million).

Meanwhile, five startups are set to join Hub71+ Digital Assets, a specialist ecosystem focused on unleashing the growth potential of Web3 and digital assets. This increases the total number of startups in the specialist ecosystem to 22. Among the startups joining is Norway-based Gateway.fm, a distributed blockchain infrastructure that automates and provides enterprises with turnkey solutions for deploying private blockchains and infrastructure. The company has raised USD 6 million (AED 22 million).

By joining Hub71 “Access” and Hub71+ specialist ecosystems, startups will be able to tap into a vibrant community of mentors, partners, and investors within Abu Dhabi’s thriving technology ecosystem, gaining access to market opportunities, top talent, and capital, which significantly enhances their prospects of securing commercial deals, attracting investment, and driving market growth. Additionally, startups will benefit from up to AED 250,000 worth of in-kind incentives and AED 250,000 in cash for equity, through a SAFE note. High-performing startups will also be eligible to receive a top-up of up to AED 250,000 in exchange for additional equity upon completing the program.

The 21 startups selected to join Hub71’s Cohort 15 include:

Access Program 

1. Autone is an inventory management system integrating AI to provide real time data and decision intelligence for enterprises.

2. Add Value Machine is a platform that solves security concerns for enterprise customers by deploying generative AI workloads for ensured compliance and governance.

3. Capcade is a data sharing and collaboration software for companies to work across organizations and workflows in a secure and compliant manner.  

4. EpiBone is a regenerative medicine company focusing on bone and cartilage repair, utilizing AI, 3D fabrication and stem cell technology. 

5. Spontivly is a data analytics platform that empowers teams to create data dashboards without needing an in-house data engineer.

6. Mamotest is an AI platform that connects healthcare facilities with radiologists worldwide, ensuring accurate cancer screening, diagnosis and treatment access.

7. Wuilt is a no code end-to-end solution for enterprises to build e-commerce websites in Arabic. 

8. Enrichly is a self-esteem development platform integrating AI and gamification to empower youth education.

9. Vault is a wealth management platform giving individuals access to AI driven financial planning and access to alternative investments.

Hub71+ ClimateTech

1. AtmoCooling is a climate technology company that enables the transformation of arid regions into usable land for agriculture through droplet size control management. 

2. Blusink is a nature-based ocean carbon removals company that maximizes carbon capture capacity on seafloors, by stimulating wild macroalgae calcification. 

3. Circa Biotech is an organic food waste management plant transforming food waste into high-quality animal feed and sustainable aviation fuel.

4. Electrogenos is a technology and manufacturing company that produces green hydrogen by cutting down electrolyzer costs and reducing factory deployment times.

5. Partanna Oasis is an advanced materials company that is changing the way the world builds by mainstreaming the adoption of sustainable building materials. The company created a carbon negative sustainable alternative cement binder that avoids the energy intensive production process used to produce Portland cement

6. Plenesys is a developer and designer of cutting-edge solutions to produce clean hydrogen without CO2 emissions, using plasma methane pyrolysis of natural gas or biomethane, at a 50 per cent lower cost than electrolysis. 

7. Terrax Environmental is a patented system that utilizes plastics to transform waste into sustainable products for construction and multiple circular products.

Hub71+ Digital Assets

1. Chainsight is a platform aggregating on-chain and off-chain data, including Real World Assets (RWAs), to deliver comprehensive insights through time-series analysis. 

2. easeflow is an AI enabled management tool that simplifies node setup, operation, and management for node operators in the blockchain industry. 

3. Gateway.fm is a distributed blockchain infrastructure that solves blockchain complexities by automating and providing enterprises with turnkey solutions for deploying private blockchains and infrastructure. 

4. Greengage is a Web3 FinTech company providing accounts and lending services to SME's and family office clients. 

5. Stables is a platform that offers a mobile-first digital wallet live in 130 countries, powered by stablecoins to make cross-border remittances.