YAS Pulse

Since starting in 2019, Hub71 has become a leading tech ecosystem in Abu Dhabi, uniting entrepreneurs, investors, and enablers to spark innovation. We are excited to deepen our collaboration with Hub71’s vision of nurturing startups across AI, ClimateTech, and Digital Assets, which aligns with YAS Investments’ commitment to identifying and supporting high-potential ventures. Their success in driving over 260 startups, AED 5.4 billion in funding, and 1,100 jobs demonstrates the significant impact Hub71 is making on Abu Dhabi’s economic landscape. Through this partnership—alongside alliances with entities like Mubadala and MARS Global—we aim to foster a robust investment environment where groundbreaking ideas flourish, helping shape the future of technology in the region and beyond.

Launched in 2025, Spartech Fund II builds on the success of Spartech I—launched in 2019 with investments in Moove and BibliU—by targeting high-growth startups across the MENA region. The fund is sector-agnostic and prefers innovative solutions addressing real-world challenges.

We are thrilled to announce a significant milestone achieved by one of our key portfolio companies, Moove. This Nigerian-born vehicle financing company has recently secured $100 million in a landmark funding round, elevating its valuation to an impressive $750 million. Moove, which joined our portfolio in 2020, has been at the forefront of innovation in the revenue-based vehicle financing sector. Their unique credit scoring system has revolutionized the way customers can finance new vehicles for ride-hailing, logistics, and delivery services. The company's model, which allows customers to repay loans through a percentage of their weekly earnings, has proven to be both effective and scalable. We are particularly pleased to see the participation of industry giant Uber in this Series B funding round, alongside returning investors such as Mubadala. This vote of confidence from major players in the mobility sector underscores the potential we saw in Moove when we first invested. The fresh capital injection aligns perfectly with our vision for Moove's expansion. The company is now poised to extend its innovative vehicle financing services to 16 global markets by the end of 2025, a goal that resonates with our commitment to fostering growth and innovation across emerging markets. Ladi Delano, the visionary founder of Moove, has shared exciting plans to add 45,000 new vehicles to the platform with this funding. As Delano noted, "This funding milestone not only enhances our operational capabilities but also supports our drive towards profitability by the next financial year." Since its inception, Moove has demonstrated exceptional fundraising capabilities, having raised a total of $250 million in equity funding and $210 million in debt funding. This latest round brings the total to an impressive $560 million, validating our initial investment thesis and the potential we saw in Moove's business model. At YAS Investments, we are proud to have supported Moove's journey from its early stages to this significant milestone. This success story exemplifies our commitment to backing innovative startups that have the potential to transform industries and create substantial value. We look forward to continuing our support for Moove as it expands its footprint globally and reshapes the landscape of vehicle financing in emerging markets.