Abu Dhabi – Mubasher: Mubadala Investment on Thursday announced that it launched a startup investment unit.
This unit will be managed by a specialised team, and will be headquartered in San Francisco, USA, the company said in a press release.
Mubadala’s new unit will invest around $50-70 million annually in startup funds in the US and Europe, as well as supervise the company’s investments in Softbank Vision Fund in California.
The startup unit will work under the umbrella of Mubadala Capital Investments, which manages a portfolio of $10 billion.
