Mubadala To Launch $400m European Tech Fund | Cpi Financial News | Banking And Financial News,islamic Business And Finance, Commercial Banking
The fund will target founder-led, high growth technology companies with global scale and impact. : Mubadala Investment Company (Mubadala) of Abu Dhabi, today announced its intent to create a $400 million fund to invest in leading European technology companies. The fund will be managed by Mubadala Ventures, the venture capital arm of Mubadala. SoftBank Group will participate as a strategic investor via its SIMI US Holdings I, Inc. investment subsidiary. The fund will target founder-led, high growth technology companies with global scale and impact. “We believe the UK is a very strong market for future technology innovation and entrepreneurship.