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15th June 2018

Mubadala to launch $400 million European tech fund

Mubadala Investment Company of Abu Dhabi, is 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, Inc.investment subsidiary. The fund will target founder-led, high growth technology companies with global scale and impact.

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