Mubadala to launch $400m euro tech fund

Start-upAbu Dhabi’s sovereign wealth fund Mubadala has announced plans to launch a $400 million fund dedicated to investments in European high-growth technology firms. The fund will be managed by the firm’s venture capital arm Mubadala Ventures and will count Japan’s SoftBank Group as a strategic investor via its subsidiary SIMI US Holdings. The launch was announced during London’s Tech Week, a state-sponsored event designed to promote investment opportunities in the UK’s startup sector. Mubadala says the fund will work closely with early-stage tech companies to help them establish operations in the Abu Dhabi technology hub it is looking to build and to target regional markets in Mena. “We see strong potential in the European tech ecosystem with an array of dynamic, founder-led companies seeking funding and support from a committed partner,” said Ibrahim Ajami, head of Mubadala Ventures. ©2018 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.


MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.


Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.