HOBBE and FasterCapital Announce Partnership and Up to $500K Fundraise at $5M Valuation

HOBBE Tech. Co. is proud to officially announce its partnership with FasterCapital — a globally recognized UAE-based venture builder and accelerator — marking a major milestone in HOBBE's journey and a proud moment for the Ethiopian technology ecosystem.

Through this partnership, FasterCapital will support HOBBE in achieving key product and market milestones while assisting in raising up to USD $500,000 in investment capital at a USD $5,000,000 (5M) valuation. HOBBE has already initiated the fundraising process and has successfully raised USD $32,000, with promising investor discussions actively underway.

A Validation of Vision

This collaboration represents more than a fundraising initiative. It is a strong external validation of the vision behind HOBBE — a next-generation platform designed to transform the global event and ticketing industry through technology, social connectivity, and digital innovation.

"This partnership is the result of months of hard work, relentless execution, and a belief that what we are building at HOBBE has global relevance," said Mahfuz Kedir Abas, Founder and CEO of HOBBE Tech. Co. "We are especially proud that this agreement unites an Ethiopian technology company with a globally respected venture builder. Alhamdulillah — this is only the beginning."

Ethiopia Meets the World

The agreement is a landmark moment not only for HOBBE, but for the broader innovation landscape in Africa. It demonstrates that technology companies built from Ethiopia can attract international venture support, participate in global capital markets, and compete at a world-class level.

FasterCapital's EquityPilot program, through which this partnership was formalized, provides HOBBE with strategic guidance, investor access, and execution support to accelerate both product development and market expansion.

Bigger announcements, partnerships, and milestones are on the horizon. HOBBE extends its deepest gratitude to everyone who has supported and believed in its vision from day one.