SoftBank has reportedly invested $200m in a Europe-focused venture capital fund formed by Mubadala, which had committed $15bn to its Vision Fund two years ago.
Telecommunications and internet group SoftBank has provided $200m of a $400m fund raised by Abu Dhabi-owned investment vehicle Mubadala, the Financial Times reported yesterday, citing people with direct knowledge of the fund.
The fund in question will invest in Europe-based startups, and SoftBank’s involvement comes after Mubadala provided $15bn in capital for the corporate’s Vision Fund, which is sized just short of $100bn, in 2017.
Sources told the FT the fund will invest between $5m and $30m in Europe-headquartered startups…
