Mubadala Capital's $250mln funds eye startups, exceptional founders in Abu Dhabi | ZAWYA MENA Edition:
UAE's Mubadala Capital will manage two funds worth $250 million for investments in startups and venture funds, reinforcing Abu Dhabi’s status as a tech and innovation hub.
The funds include a $150 million (550 million dirhams) ‘fund of funds’ program, which will invest in funds that support the Abu Dhabi-based Hub71 ecosystem, by investing in companies that leverage Hub71 for growth and expansion.
As part of this program, Mubadala Capital, the financial investment arm of Mubadala Investment Company, will commit to three funds as a part of its first funds cohort - San Francisco-based Data Collective Venture Capital (DCVC), Middle East Ventures Partners (MEVP) and Global Ventures.
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