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SoftBank invests in Abu Dhabi's Mubadala's $400 mn European tech fund - FT

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

Reuters 

Softbank, Masayoshi Son
SoftBank's founder Masayoshi Son is in the process of creating a $100-billion SoftBank Vision Fund. Photo: Reuters

Japan's Group has provided nearly half the cash for the new $400 million fund by Abu Dhabi's state-owned that aims to back European start-ups, reported on Monday.

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, FT reported, citing people with direct knowledge of the matter.

A said last week was planning to launch a technology-focused, $400 million European fund this year.

The European venture fund, which has already made a few undisclosed investments, will be run from a new office in London, the FT said.

did not immediately respond to a request seeking comment, while Mubadala was not immediately reachable for comment.

 

 

First Published: Mon, February 18 2019. 10:53 IST
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