Hub71 A new Capital Club is launched to increase the number of family offices participating in Abu Dhabi Global Markets (ADGM), the international financial center of Abu Dhabi.
new to the ecosystem Tech Burza The platform seeks to connect family office capital with a tech community of around 200 startups.
Exclusive capital club membership includes access to pitch days, investor networks, and organizer-sponsored events Mubadala Investment Companya strategic partner of Hub71;
This is in addition to ADGM setup support and access to our ecosystem of programs and venture capital (VC) partners.
Eligible investors will have “a large portfolio of companies with accelerated product/market fit and go-to-market capabilities.” and issued an official statement.
Family offices and private wealth management advisory firms accounted for 5% of all global venture deals last year, more than double the figure from a decade ago.
In 2021, startup funding reached an unprecedented level of $2.88 billion in the Middle East and North Africa (MENA) region. 138% YoY increase.
Since its launch in 2019, Hub71 has raised $871 million (AED 3.2 billion) to the startup community through its capital community of nearly 20 VCs and venture debt funds.
Its latest platform seeks to expand family office participation within ADGM and bring even more investment opportunities to high-growth technology companies.
“The private sector will play a key role in shaping the next 50 years of our country, and the family office is undoubtedly the heart of our economy.” Badr al OramaActing CEO of Hub71.
He explains that the launch of the platform will “not only support economic growth in the region, but also bring diversity and inclusion to the family office.”
Al-Olama hopes the platform will “de-clutter the crowding-out misconceptions and strengthen the knowledge-sharing mission.”
Tech Barza’s first gathering included various family offices in the area. Ali & Sons, Al Nowais Investments When Yas investmentamong other things.