The Australia UAE Business council is pleased to congratulate Investible, a leading early-stage investor, on its flagship partnership with Abu Dhabi’s Hub71.
Hub71, Abu Dhabi’s global tech ecosystem, has launched a partnership with Asia-Pacific based venture capital firm Investible, to support the growth of tech startups and early-stage companies in Abu Dhabi.
Founders at Hub71 will benefit from access to Investible’s Early-Stage Funds, valued at approximately AUS $180 million funds under management collectively. Hub71 startups will also gain access to Club Investible, a global network of more than 130 high-net-worth investors who provide capital and expertise, for additional growth support.
Investible will gain a foothold in Abu Dhabi with access to Hub71’s startup community where it will contribute to mentorship programs and events to provide additional value to founders scaling early-stage startups. Meanwhile, ClimateTech startups will also be able to explore funding opportunities through Investible’s Climate Tech Fund and Global Climate Tech Strategy, as well as benefit from Investible’s dedicated team of investment, climate, and sustainability experts to deploy sustainability-driven technologies that can reduce emissions and promote climate adaptation.
The agreement was signed by Badr Al-Olama, Acting Chief Executive Officer of Hub71 and Trevor Folsom, Co-Founder and Chair of Investible in Melbourne, Australia, alongside the Australia United Arab Emirates Business Council (AUSUAEBC) delegation to Melbourne.
Badr Al-Olama, Acting Chief Executive Officer of Hub71 and UAE Co-Chair of the AUSUAEBC, said: “Our partnership with Investible is yet another way of deepening the capital pool for disruptive and impact-driven tech startups in Abu Dhabi. With more investors channelling funds to early-stage companies, our founders at Hub71 can expand into new markets and attract more investors from Australia and the Asia-Pacific region.”
Commenting on the partnership, Rod Bristow, Chief Executive Officer of Investible, said: “The intersection of business and technology knows no borders. We’re excited to be partnering with one of the MENA region’s most ambitious and active organizations to drive the early-stage tech sector forward. The scale of the climate crisis presents as much urgency as it does opportunity, and this partnership represents a step toward ensuring the best solutions can accelerate globally, no matter where they’re born.
“We look forward to supporting Asia Pacific founders entering this growing market, and welcoming opportunities for the 200+ companies in Hub71’s ecosystem to bring their innovative solutions to Australia, Southeast Asia and beyond,” he added.The Memorandum of Understanding was facilitated by the AUS UAE Business Council member company Maysaffron, an advisory firm founded in the UAE in 2015.
The Hon Christopher Pyne, Australian Co-Chair of the AUSUAEBC, said, “We are delighted to see this partnership between Investible and Hub71, which will help accelerate the development and deployment of climate technologies globally.
The AUSUAEBC is proud to have supported the facilitation of the MOU and congratulates both Investible and Hub71 on this landmark partnership.
The Memorandum of Understanding was facilitated by the AUSUAEBC member company Maysaffron, an advisory firm founded in the UAE in 2015.
ENDS
About the AUSUAEBC:
The Australia UAE Business Council is the premier business networking organisation dedicated to deepening bilateral trade and investment, expanding opportunities for Australian and Emirati businesses and strengthening the ties between Australia and the UAE. The Business Council’s primary objectives are to assist member companies and organisations in connecting with their counterparts, fostering innovation and enterprise in Australia and the UAE, and present a yearly programme of networking opportunities and events with senior Australian and UAE officials, government bodies and government-linked entities.
Since establishing in 2020, the Business Council has grown to 32 members representing a diversity of industries in Australia and the UAE. Current members include Mubadala, Aspen Medical, Etihad, KBR, Sanad, Investment NSW, the University of Newcastle, and Electro Optic Systems (EOS).
As part of the annual programme, the Australia UAE Business Council leads industry-specific delegations to both Australia and to the United Arab Emirates.
About Hub71:
Hub71 is Abu Dhabi’s global tech ecosystem that enables founders to build globally enduring homegrown tech companies in any sector by providing access to global markets, a capital ecosystem, a global network of partners, and a vibrant community filled with highly skilled talent, governed by forward-thinking regulation.
Backed by the Government of Abu Dhabi and Mubadala Investment Company, Hub71 is growing its vibrant community of tech startups, investors, government, and corporate partners to ensure the availability of investment, commercial activities, and incentives from the public and private sectors. Through Hub71’s entrepreneurial infrastructure, value-add programs, enabling services and support packages, founders can build and scale widely adopted technologies with purpose and impact. Hub71 is on a mission to introduce new minds and technologies to Abu Dhabi, finding new ways to build globally enduring technology companies and sustain the nation’s continuous economic development.
For more information visit www.hub71.com and follow us on @Hub71AD #Hub71.
About Investible:
Investible is an APAC-based early-stage venture capital firm backing the visionaries advancing humanity through technology. Our mission is to connect ground-breaking companies with the capital, expertise and networks they need to realise their potential on a global scale.
Founded in 2014 and with offices in Sydney and Singapore, our unique approach to early-stage tech investment globally sees our VC Funds co-investing alongside members of Club Investible, an active, global investor syndicate and community. The Investible portfolio includes more than 130 early-stage companies across 10 countries and 20 sectors.
Investible is a signatory of the Net Zero Asset Managers Initiative; a commitment by international asset managers representing over $43 trillion to support the goal of net-zero greenhouse gas emissions by 2050 or sooner.
More on Investible can be found at www.investible.com
About Maysaffron:
Maysaffron is an advisory boutique established in the United Arab Emirates in 2015. It is the solution for institutions wanting to connect strategically, intelligently and effectively with the Middle East & Asia Pacific region. The group focuses on companies with thematic opportunities driven by disruption, natural resources, disruptive industry & technology.
Media contacts:
Arvin Rivera, TechHubEdelman@Edelman.com; +971 50 662 0301
Franko Ali, Head of Brand and Marketing Investible, franko@investible.com; +61 431 569 233
AUSUAEBC contact:
Aaron Waters-Marsh, Executive Director, awm@ausuaebc.com, +61 498 999 772