Bloomberg/Kiyoshi Ota

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SoftBank invests in Mubadala's new $400 million European tech fund

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Abu Dhabi’s Mubadala, which is a big investor in SoftBank’s Vision Fund, will use the fund to invest between $5 million and $30 million in European start-ups.

Tuesday 19, February 2019 BY KUDAKWASHE MUZORIWA

Mubadala has secured around $200 million from SoftBank Group for its new $400 million fund that aims to back European start-ups, reported The Financial Times.

Last week the fund’s executive said that Mubadala Ventures was planning to launch a technology-focused, $400 million European fund this year, and it will be run from a new office in London.

TAGS : SoftBank Group , Mubadala Investment Company

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