Mubadala launches $ 400m fund to invest in European technology companies

Media In – London 13 June 2018 / WAM /
Abu Dhabi-based Mubadala Investment Company (Mubadala) today announced the establishment of a $ 400 million fund to invest in promising European technology companies.
The new fund will be managed by Mubadala’s Emerging Investment Unit, Mubadala’s investment arm, while Softbank Group will be a strategic investor through its investment arm, Simi US Holdings.
The fund will target emerging technology companies led by its founders and enjoy high growth potential with a growing impact and global reach.
The fund was announced at the Technology Week in London, a week-long innovation and technology conference focused on creating new opportunities for innovative investment in the UK.
“We are confident that the UK market is strong and has tremendous potential that will provide an ideal environment for technological innovation and entrepreneurship,” said Waleed Al Muqrab Al Muhairi, Group Executive Vice President and Chief Executive Officer, Mubadala Alternative Investments and Infrastructure. Its base of current technology companies also attracts new investors to the UK. ”
“Mubadala’s investment approach is based on the principle of partnership and this is evident in the strong working relationships we have established with Softbank Group. Thus, the launch of a US $ 400 million investment fund to support the growth of emerging companies complements our global portfolio to cover the entire technology sector