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Abu Dhabi's Mubadala Investment Company said Wednesday it plans to launch a $400 million fund to invest in leading European technology companies.The fund will be managed by Mubadala Ventures, and will target founder-led tech companies.Through the European fund of funds and direct fund strategy, Mubadala will also help European tech companies to set up operations in Abu Dhabi to target the Gulf and Middle East markets.Mubadala Ventures, with an office in San Francisco, also oversees and manages Mubadala's $15 billion commitment to the SoftBank Vision Fund, the Mubadala Ventures Fund 1, a U.S.-focused early stage venture fund, and a fund of funds program that includes Data Collective, 8VC, Foundry Group and Upfront Ventures as part of its funds portfolio.
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