Hub71, Abu Dhabi’s global technology ecosystem, has announced a collaboration with Clara, a LegalTech startup that provides automated legal services to startups. The collaboration will assist Hub71-based startups by providing them with access to Clara’s innovative digital platform, which will simplify the complex legal processes involved in establishing, growing, and exiting a startup.
Hub71 will cover the costs of its startups incorporating their ADGM companies through Clara under the terms of the agreement. The startups will also have access to preferential pricing for the platform’s full suite of products, which includes Clara’s document generation, cap table, and structured data room features, as well as its predictive education function, which educates founders on the full range of legal concepts relevant to their business.
Hashem Alkaabi, Head of Corporate Services at Hub71, said: “LegalTech has the power to positively impact startup functions and facilitate expensive, complex and time-consuming processes. Hub71’s range of programs, incentives, and partnerships support startups at any stage, making it easier and more affordable for founders to relocate, setup, build and scale successful startups. Our partnership with Clara complements these efforts and will ensure our founders are equipped with the tools and knowledge to make informed legal decisions that can strengthen their success.”
Patrick Rogers, CEO and Co-Founder of Clara, said: “Startups are looking for a new approach to help them overcome the pain and complexity of dealing with legal matters. We are thrilled to be announcing this partnership with Hub71. More than 50% of Hub71 companies are already Clara customers and we look forward to continuing to support the growing roster of exciting startups who are choosing Hub71 as their launchpad.”
Hub71 is home to startups from 25 countries around the world working in 18 industries such as artificial intelligence, big data, and analytics. Hub71 connects entrepreneurs with impact-driven investors and corporates through its partnerships, and assists them in scaling their businesses and accessing global markets.