Exclusive: Mubadala Ventures targets $1bn of tech assets by 2021 - The National:
Mubadala Ventures, the venture capital arm of Mubadala Investment Company, expects to grow its portfolio of assets to about $1 billion (Dh3.67bn) by 2021 as it deploys capital from its existing and new funds, including a UAE technology vehicle.
Mubadala Ventures was set up in October last year to oversee its parent company’s $15bn commitment to Japan’s $100bn SoftBank Vision Fund, which counts Apple, Qualcomm and Saudi Arabia’s Public Investment Fund as investors.
Mubadala Ventures also manages the $400m Ventures Fund I targeting early stage US tech companies, a $200m fund-to-fund investment business with the aim to deploy $70m each year, and a $400m European fund due to launch in 2019.
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