Mubadala Leads $700 Million Funding for US Start-Up

SourceAl Bawaba
SectorFinancial Markets
CountryUAE

Abu Dhabi's Mubadala Investment Company has led a $700 million funding round for Reef Technology, a US-based mobility, logistics and neighborhood hub operator.   The emirate's strategic investment arm was joined by SoftBank Vision Fund, Oaktree, UBS and Target Global, the company said on Twitter. "We are pleased to announce that we have led a $700 million funding round for Reef Technology, a tech platform transforming underutilized urban spaces into neighborhood hubs, connecting people to local goods, services and experiences.

We were joined by SoftBank Vision Fund, Oaktree , UBS AM and Target GlobalVC , and are excited to support the next phase of REEF’s development," Mubadala tweeted.Reef Technology transforms underutilized urban spaces into neighborhood hubs that connect people to locally curated goods, services, and experiences, the company said on its website. Reef ...read more...