UPDATE 1-Mubadala's venture capital unit to launch $400 mln European fund - exec | Reuters:
Mubadala Ventures, the venture capital arm of Abu Dhabi’s state-owned Mubadala Investment Company, plans to launch a $400 million European fund this year to focus on the technology sector, a company executive said on Wednesday.
The venture capital unit is also working with international venture capital funds to invest in Abu Dhabi, Ibrahim Ajami, head of Mubadala Ventures, told reporters at a conference in the emirate.
Mubadala’s venture capital arm is replicating its U.S strategy in Europe by launching a $400 million Ventures Fund as well as a fund of funds this year.
No comments:
Post a Comment