Abu Dhabi’s tech ecosystem, Hub71, has partnered with Stride Ventures, a globally prominent venture debt fund, to drive innovation, foster entrepreneurship, and support the growth of startups in Abu Dhabi.
Through this partnership, Hub71 will leverage Stride Ventures’ expertise to provide startups with access to capital and mentorship opportunities required to scale their ventures to new heights.
Ahmad Ali Alwan, CEO of Hub71, said: “Our partnership with Stride Ventures is important towards growing our capital ecosystem through providing resources and access to investments that startups can leverage to scale globally. Working with Stride Ventures will unlock new potential in the region, aligning with our goals to position Abu Dhabi at the forefront of global innovation and entrepreneurial growth.”
Founded in 2019 and backed by the Government of Abu Dhabi and Mubadala Investment Company, Hub71 is a global tech ecosystem that enables founders to build globally enduring homegrown tech companies. Meanwhile, Stride Ventures is an India-based venture debt fund that supports innovative startups by providing timely and flexible debt financing solutions.
Stride Ventures will be a valuable capital partner for Hub71, offering alternative financial solutions and support through venture debt, which complements traditional equity funding. Stride Ventures will also provide comprehensive mentorship programs, offering startups the guidance they need to navigate the complexities of business expansion.
Hub71 and Stride Ventures will work together to identify global startups operating across sectors of economic importance, and set up their operations in Abu Dhabi. Through a shared commitment to support startup growth and accelerate innovation, the partnership will aim to attract global startup talent and solidify the UAE’s position on the world stage as the destination of choice for entrepreneurs and innovators.
Ishpreet Gandhi, Founder and Managing Partner of Stride Ventures, added, “We are excited about this collaboration with Hub71, which aligns perfectly with our mission to support high-potential startups. The UAE’s tech ecosystem is brimming with potential, and together with Hub71, we aim to fuel the growth of innovative companies, providing them with the financial resources and guidance they need.”