The Japan-based conglomerate Softbank Group currently serves as one of the most major investors in a newly launched $400 million fund by Mubadala Investment Co situated in Abu-Dhabi. The chief focus of this fund is to invest in as many startups as possible that are hailing from Europe, as reported by credible sources that are familiar with the matter.
The news of this $400 million fund mainly targeting technology startups primarily in Europe was first announced by Mubadala around last week. So far, overall relations between Mubadala and Softbank seems to be going fairly well as the Abu-Dhabi based investment firm recently promised to invest a huge sum of about $15 billion in SoftBank’s Vision Fund.
The Vision Fund of Softbank, which is fully operated by Softbank itself has somehow managed to raise close to $100 billion in financing from some of the world’s most high-profile investors such as Mubadala, Saudi Arabia’s Public Investment Fund, Apple Inc among various others.
Mubadala’s new venture fund focused on European tech startups has already made some great investments in promising tech startups. The venture fund will be running its entire operations from quite a luxurious office space located in London.
Around the time of 2017, Mubadala said it would be starting up a venture capital firm primarily for managing an early stage fund set up in partnership with Softbank. So far, Mubadala’s investment portfolio totals up to an aggregate of $225 billion.
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