Mubadala Abu Dhabi Startup News

The latest startup news from Abu Dhabi on Mubadala.

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    Mubadala invests in Reef Technology in a $700M round

    05 November 2020, Abu Dhabi, United Arab Emirates: Mubadala, Abu Dhabi’s wealth fund and an Abu Dhabi VC firm, invests in a SoftBank-backed tech startup. Mubadala, with $232B under management, led a $700M round of funding in Reef Technology Inc., a technology startup that specializes in using parking lots as hubs for delivering food and other services like Covid-19 testing. Reef Technology has an ecosystem of over 4,500 locations and a team of nearly 15,000 people.

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