Iliad Partners Signs Agreement with Hub71 and Joins its Investor Community
November 1, 2023
Abu Dhabi, UAE
Iliad Partners is excited to announce the signing of a partnership agreement with Hub71, Abu Dhabi’s global tech ecosystem.
As part of the agreement, Iliad Partners is now a member of Hub71’s investor community and will be actively supporting its thriving innovation ecosystem, by offering mentorship to startups and exploring investment opportunities. Iliad Partners will also join Hub71’s selection committee, supporting the screening, evaluation, and selection of new cohorts. Iliad Partners’ portfolio companies will have the opportunity to participate in Hub71’s programs and benefit from the support provided to founders.
Hub71 is a community of over 260 startups, operating in over 20 sectors. Through a community of corporate, government, investment, and talent partners, Hub71 is facilitating commercial and investment opportunities for startups as well as access to the resources and talent they need to grow and scale.
Founded in 2016, Iliad Partners is a venture capital firm based in the UAE that invests in early-stage technology companies in the MENA region. The firm partners with high-potential founders building B2B companies that are digitizing key sectors such as fintech, logistics, proptech, and edtech via localized solutions, and support them in their journey to grow their businesses, expand into new markets, and scale across MENA and beyond. As experienced investors and former entrepreneurs and operators with global and regional experience, Iliad Partners take an active, hands-on approach. Iliad Partners has a track record of building, growing, and exiting businesses in the region and was an early investor in MENA success story Trukker.
Abu Dhabi is emerging as a global innovation hub, fostering an environment conducive to the growth and success of local and international startups. The collaboration between Iliad Partners and Hub71 aims to support the emirate’s position as an innovation and entrepreneurship hub.
Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated, "We are delighted to join the Hub71 community and collaborate with a key stakeholder that is positioned at the epicenter of the Abu Dhabi innovation ecosystem and is a true catalyst for startups in the region and beyond. We are excited to work together with Hub71 to help develop success stories for the UAE and the region."
Basma Ahmed AlBadi, Acting Head of Value Creation at Hub71 said: "We are excited to welcome Iliad Partners to Hub71 and to work closely with them to advance Abu Dhabi’s tech ecosystem. At Hub71, we believe in the importance of providing startups with the support and opportunities they need to grow and scale and are looking forward to the impact that this partnership will bring to our founders."
For more information about Iliad Partners and Hub71, please visit their respective websites:
Iliad Partners: https://www.iliad-partners.com