Japan's SoftBank backs Mubadala's new $400m European tech fund

Japan's SoftBank backs Mubadala's new $400m European tech fund

The Vision Fund's $100 million backing for Biofourmis, a U.S. startup that tracks health data using wearable devices, highlights its new focus on early-stage investments. (Photo courtesy of Biofourmis)

Japan’s SoftBank Group has provided nearly half the cash for the new $400-million fund by Abu Dhabi’s state-owned Mubadala Investment Co that aims to back European start-ups, the Financial Times reported on Monday.

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