• About Us
  • Advertising
  • Digital Magazine
  • Supplements
  • Media Pack
  • Privacy Policy
  • Contact us
CXO Insight Middle East
  • News
  • Opinion
  • Business
    • Industries
      • Transport
      • Retail
      • Government
      • Real Estate
      • Education
      • Energy
      • Banking and Finance
    • Channel
  • Future
    • Tech
    • Gadgets
    • Science
    • Space
    • Sustainability
  • Events
    • Channel Insights Summit 2025
    • Insight Innovation Summit
    • CXO50 Oman
    • CXO50
    • ICT Awards
      • Dubai 2025
      • Saudi Arabia
    • Cyber Strategists Summit
    • Cloud Connect 2025
    • Channel Awards 2024
    • All events
  • Digital Magazine
  • GITEX GLOBAL
No Result
View All Result
CXO Insight Middle East
  • News
  • Opinion
  • Business
    • Industries
      • Transport
      • Retail
      • Government
      • Real Estate
      • Education
      • Energy
      • Banking and Finance
    • Channel
  • Future
    • Tech
    • Gadgets
    • Science
    • Space
    • Sustainability
  • Events
    • Channel Insights Summit 2025
    • Insight Innovation Summit
    • CXO50 Oman
    • CXO50
    • ICT Awards
      • Dubai 2025
      • Saudi Arabia
    • Cyber Strategists Summit
    • Cloud Connect 2025
    • Channel Awards 2024
    • All events
  • Digital Magazine
  • GITEX GLOBAL
No Result
View All Result
CXO Insight Middle East
No Result
View All Result

Mubadala to launch $400 million European tech fund

by CXO Staff
June 13, 2018
in News
Mubadala to launch $400 million European tech fund

Mubadala Investment Company (Mubadala) of Abu Dhabi, today announced its intent to create a $400 million fund to invest in leading European technology companies. The fund will be managed by Mubadala Ventures, the venture capital arm of Mubadala. SoftBank Group will participate as a strategic investor via its SIMI US Holdings I, investment subsidiary. The fund will target founder-led, high growth technology companies with global scale and impact.

The announcement was made during London Tech Week, a week-long festival of technology and innovation focused on creating new innovative investment opportunities in the UK.  The fund will work closely with early-stage UK and other European funds. As part of its European strategy, Mubadala Ventures will expand its fund of funds program and invest in both established and emerging fund managers across the continent.

Through the European fund of funds and direct fund strategy, Mubadala Ventures will also facilitate the process for European tech companies to establish operations in Abu Dhabi to target the Gulf and Middle East markets.

Waleed Al Mokarrab Al Muhairi, Deputy Group CEO and CEO of Alternative Investments & Infrastructure at Mubadala, said: “We believe the UK is a very strong market for future technology innovation and entrepreneurship.  Tech Week reinforces both its existing technology base and the call for new investors in the UK.  Mubadala’s investment approach is based on partnership and this is exemplified through the strong working relationship we have established with the SoftBank Group. The launch of a $400 million fund to support the growth of pioneering entrepreneurs complements Mubadala’s global portfolio of investments across the full spectrum of the tech sector.”

Ibrahim Ajami, Head of Mubada Ventures, added: “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. Mubadala has the global network of large assets and relationships and a partner mindset to accelerate the development of Europe’s high-growth tech companies. This strategy builds on the foundations that we built in the US with our ventures efforts. Innovation and technology continue to play a key role in the economic diversification of the UAE and we are well-placed to build a bridge to bring exceptional European tech companies to Abu Dhabi.”

Commenting on the announcement, Ron Fisher, Director and Vice Chairman of SoftBank Group, said: “We have worked closely with the Mubadala team for a number of years and are impressed with their investment capabilities, collaborative approach and understanding of emerging technologies. The UK and Europe has some of the world’s most exciting startups and we would like to see more companies accelerate through the startup stage to achieve sustained growth at a global level.”

Mubadala Ventures, which has an office in San Francisco, USA, also oversees and manages Mubadala’s $15 billion commitment to the SoftBank Vision Fund, Mubadala Ventures Fund 1 – a US-focused early stage venture fund, and a fund of funds program that includes Data Collective, 8VC, Foundry Group, and Upfront Ventures as a part of its funds portfolio.

The venture capital arm sits within Mubadala Capital, Mubadala’s financial investment division.  Mubadala Capital, which focuses on the management of alternative assets, invests globally across a range of asset classes, including equity and credit, public and private securities, direct and third-party managed funds, while also managing a number of sovereign investment partnerships.

 

Tags: featuredMubadala
ShareTweet

Related Posts

UAE’s EDGE, Pavo Group launch new JV in defence technology
Business

UAE’s EDGE, Pavo Group launch new JV in defence technology

EDGE Group and Türkiye’s Pavo Group have announced the establishment of KEY4, a new joint venture focused on critical defence...

July 24, 2025
Zulekha Healthcare Group taps Oracle to drive digital transformation
Future

Zulekha Healthcare Group taps Oracle to drive digital transformation

Zulekha Healthcare Group has announced a strategic partnership with Oracle to significantly enhance its digital infrastructure and transform healthcare delivery...

July 24, 2025

Discussion about this post

Latest Issue

UAE’s EDGE, Pavo Group launch new JV in defence technology

UAE’s EDGE, Pavo Group launch new JV in defence technology

July 24, 2025
Building trust in the cloud: Sophos on data sovereignty and security

Building trust in the cloud: Sophos on data sovereignty and security

July 24, 2025
Zulekha Healthcare Group taps Oracle to drive digital transformation

Zulekha Healthcare Group taps Oracle to drive digital transformation

July 24, 2025

The most trusted source of strategic intelligence for IT decision makers in the Middle East.

About

  • About Us
  • Advertising
  • Digital Magazine
  • Supplements
  • Media Pack
  • Contact Us

Policies

  • Privacy Policy
© 2025 – CXO Insight Middle East. All Rights Reserved.
Facebook-f X-twitter Linkedin
Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden.

About

  • About Us
  • Site Map
  • Contact Us
  • Career

Policies

  • Help Center
  • Privacy Policy
  • Cookie Setting
  • Term Of Use

Join Our Newsletter

© 2024 – CXO Insight Middle East. All Rights Reserved.

Facebook-f Twitter Youtube Instagram

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Join our mailing list
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
No Result
View All Result
  • News
  • Opinions
  • Business
    • Industries
      • Transport
      • Retail
      • Government
      • Real Estate
      • Education
      • Energy
      • Banking and Finance
  • Channel
  • Future
    • Tech
    • Gadgets
    • Science
    • Space
    • Sustainability
  • Events
    • Channel Insights Summit 2025
    • Insight Innovation Summit
    • CX50 Oman
    • CXO50
    • ICT Awards
      • Dubai
      • Saudi Arabia
    • Cyber Strategists Summit
    • Cloud Connect 2025
    • Channel Awards 2023
    • All events
  • Videos
  • GITEX GLOBAL
  • Digital Magazine

© 2025 - CXO Insight Middle East. All Rights Reserved.