Hub71 leads AED1.5 billion investments for Abu Dhabi startups

Hub71 leads AED1.5 billion investments for Abu Dhabi startups

WAM: Hub71, Abu Dhabi’s global tech ecosystem, announced that its startup community ramped up approximately AED 1.5 billion of investments since inception and secured AED 30 million in 2021 through over 20 corporate deals during the year.

The aggregate valuation of Hub71 startups soared to AED 5.87 billion, with close to 1,000 jobs created since its inception in 2019, demonstrating impact of a thriving technology community in the UAE’s capital city.

Hub71 published its 2021 Impact Report, highlighting growth and success stories emerging from its community of more than 100 startups over the past year.