Wednesday 13 June 2018

UPDATE 1-Abu Dhabi's Mubadala to launch $400 million European tech fund | Reuters

UPDATE 1-Abu Dhabi's Mubadala to launch $400 million European tech fund | Reuters:

"Abu Dhabi’s Mubadala Investment Company said on Wednesday it plans to launch a $400 million fund to invest in leading European technology companies.

The state-owned firm is looking to set up a technology hub in Abu Dhabi, capital of the United Arab Emirates next year, aiming to attract leading tech companies.

It set up a venture capital arm, Mubadala Ventures in late 2017 to oversee and manage the $15 billion commitment to the SoftBank Vision Fund."



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