Mubadala Investment Company of Abu Dhabi announced its intention to set up a $400 million venture capital fund to invest in founder-led, high growth technology companies in Europe.
The fund will be managed by Mubadala Ventures, the venture capital arm of Mubadala. Also, SoftBank Group will participate as a strategic investor through its subsidiary, SIMI US Holdings.
Previously, Mubadala Investment Company partnered with SoftBank to establish a $400 million Mubadala Ventures Fund I and a $200 million VC fund-of-funds to invest in emerging managers.
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