A number of family offices have met to kick off the new initiative.

Hub71, Abu Dhabi’s global tech ecosystem, has reportedly launched a capital club for family offices in the Gulf region. 

The club, called Tech Barza, is a platform dedicated to increasing capital investment in technology companies, including startups from the region’s top family offices, Gulf Business reported on 30 October.

The platform helps technology companies and startups to connect with strategic investors which have sizeable portfolios with companies that could accelerate product-market fit and the ability to go to market, the report said. 

Family offices such as Ali & Sons, Al Nowais Investments, Yas Investments, Al Tayer Group, Crescent Group, Faith Capital, The Kanoo Group, Al Fahim Group, and Saif bin Darwish convened at Hub71’s office at Abu Dhabi Global Market (ADGM) for the inaugural meeting, the report said.

Hub71’s strategic partner is Mubadala Investment Company, the Emirati-owned sovereign wealth fund. It also works with Abu Dhabi Investment Office and Abu Dhabi Global Market.

Earlier in October, Hub71 launched a partnership with GetFundedAfrica, a tech-enabled marketplace that matches startups, investors (such as venture capitalists), corporations and government to support the growth of tech startups.