Sovereign wealth fund
Mubadala portfolio
mubadala.comMubadala is a sovereign wealth fund based in Abu Dhabi, United Arab Emirates, founded in 2017. It has invested in 42 venture-backed companies across 54 funding rounds on VCMC, and led 20 of those rounds. 5 of them were in the last 12 months.
42
Venture-backed companies
in its portfolio on VCMC
54
Funding rounds
led 20
5
Last 12 months
rounds, Oct 2025 to Sep 2026
17
With a disclosed valuation
of 42 companies
$342.4B
Combined value of its private companies
the whole companies, not what Mubadala owns
39 private companies Mubadala has backed have a VCMC valuation; together they are worth $342.4B. That is the value of the whole companies, not what Mubadala owns. Waymo is 45% of the total. 3 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Full Mubadala portfolio (42 companies)
42 companies.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Waymo Car Rental · since Growth, 2021 | Debt Oct 2026 $5.00B | $155.4B | $109.5B – $193.5B | $168.2B (+8%) | $18.5B | 0% | 4,831 | growing | A | |
| 2 | Crusoe Hosting & Cloud Infrastructure Providers · since Series D, 2024 | Series F Sep 2026 $3.90B | $31.7B | $26.9B – $46.2B | $40.2B (+27%) | $4.4B | 0% | 1,720 | growing | A | |
| 3 | CityFibre Cable & Internet Providers · since Growth, 2025 | Growth Equity Sep 2025 $3.12B | $17.2B | $10.6B – $24.6B | $16.4B (-5%) | $1.7B | 13% | 1,555 | flat | B | |
| 4 | Princeton Digital Group Hosting & Cloud Infrastructure Providers · led at Growth, 2022 | Debt Jul 2025 $1.20B | $7.2B | $2.2B – $11.0B | $7.2B (0%) | $749M | 0% | 449 | growing | C | |
| 5 | wefox Insurance - Agents, Carriers & Brokers · led at Series B, 2019 | Growth Equity Jul 2025 $178M | $4.0B | $3.2B – $5.2B | $2.6B (-35%) | $461M | 97% | 298 | down | A | |
| 6 | Flink Groceries Delivery · led at Growth, 2024 | Growth Equity Mar 2026 $100M | $1.2B | $782M – $1.4B | $1.2B (+2%) | $96.8M | 0% | 2,536 | flat | A | |
| 7 | Cologix Hosting & Cloud Infrastructure Providers · since Growth, 2019 | Debt Jul 2025 $525M | $4.0B | $312M – $8.5B | $4.0B (0%) | $550M | 0% | 456 | up | D | |
| 8 | Glovo Food delivery · led at Series E, 2019 | Series F Apr 2021 $530M | $3.4B | $537M – $10.0B | $3.2B (-7%) | $862M | 33% | 15,465 | up | D | |
| 9 | WHOOP Medical Supply Manufacturers · since Series G, 2026 | Series G Mar 2026 $575M | $12.1B | $8.8B – $15.9B | $13.8B (+14%) | $1.5B | 0% | 1,649 | growing | A | |
| 10 | C4 Tech Companies · since Growth, 2024 | Growth Equity Nov 2024 $530M | $5.8B | $3.4B – $6.7B | $5.8B (0%) | $640M | 0% | 8,839 | up | B | |
| 11 | SpotOn Payment Processing & Point of Sale · since Series D, 2021 | Series F May 2022 $300M | $3.8B | $411M – $5.0B | $3.5B (-8%) | $537M | 8% | 2,675 | flat | D | |
| 12 | TruKKer Trucking and Logistics · since Series B, 2022 | Pre-IPO Sep 2026 $100M | $919M | $598M – $1.5B | $976M (+6%) | $110M | 19% | 602 | flat | B | |
| 13 | Innovaccer Tech Companies · since Series C, 2020 | Series F Jan 2025 $275M | $4.6B | $2.0B – $5.3B | $4.6B (0%) | $502M | 0% | 1,630 | flat | B | |
| 14 | Moove Car Rental · led at Growth, 2023 | Series C Aug 2026 $250M | $2.2B | $1.8B – $3.2B | $2.7B (+23%) | $368M | 0% | 724 | up | A | |
| 15 | CuspAI Research Institutes · since Series A, 2025 | Series B Jul 2026 $450M | $2.9B | $2.3B – $4.5B | $3.9B (+35%) | $429M | 0% | 94 | growing | B | |
| 16 | BetterUp Professional & Management Training · since Series E, 2021 | Series E Oct 2021 $300M | $3.8B | $392M – $6.7B | $3.5B (-7%) | $765M | 15% | 2,704 | flat | D | |
| 17 | C2FO Loans & Financing · led at Growth, 2018 | Growth Equity Apr 2025 $30M | $379M | $160M – $637M | $345M (-9%) | $33.0M | 46% | 589 | flat | C | |
| 18 | Kallyope Biotechnology · led at Series D, 2022 | Series D Feb 2022 $236M | $236M | $93.0M – $1.8B | $223M (-6%) | $169M | 97% | 54 | down | D | |
| 19 | Orca Bio Pharmaceutical Products · since Series D, 2020 | Debt Jan 2026 | $4.1B | $2.2B – $6.6B | $4.3B (+6%) | $475M | 0% | 377 | growing | B | |
| 20 | Aerospace and Defence · since Series A, 2018 | Series B Apr 2026 $25M | $221M | $119M – $414M | $272M (+23%) | $30.0M | 0% | 138 | up | C | |
| 21 | Groceries Delivery · led at Series D, 2021 | Acquisition Feb 2026 $335M | $2.3B acquired 2026 | $1.1B – $4.1B | – | – | 54% | 6,685 | flat | C | |
| 22 | Clothing Stores · led at Growth, 2023 | Growth Equity May 2023 $2.00B | $68.6B | $21.5B – $105.2B | $60.4B (-12%) | $10.2B | 30% | 11,543 | up | C | |
| 23 | Resorts · since Growth, 2023 | Growth Equity Sep 2023 $360M | $1.3B | $295M – $1.5B | $1.3B (0%) | $131M | 0% | 51 | unknown | C | |
| 24 | Pharmaceutical Products · led at Growth, 2023 | Growth Equity Apr 2023 $315M | $745M | $319M – $4.6B | $531M (-29%) | $390M | 97% | 36 | down | D | |
| 25 | Loans & Financing · since Growth, 2025 | Growth Equity Mar 2025 $215M | $2.6B | $1.1B – $4.0B | $2.6B (-1%) | $236M | 3% | 78 | flat | C | |
| 26 | Alternative Therapy · since Series B, 2022 | Series B Dec 2022 $140M | $339M | $82.7M – $1.3B | $230M (-32%) | $110M | 70% | 83 | unknown | D | |
| 27 | Loans & Financing · led at Series A, 2026 | Series A May 2026 $15M | $89.0M | $43.9M – $183M | $120M (+35%) | $20.5M | 0% | 45 | growing | C | |
| 28 | Tech Companies · since Series C, 2021 | Series C Aug 2021 $100M | $195M | $35.9M – $1.2B | $170M (-13%) | $107M | 64% | 142 | down | D | |
| 29 | Biotechnology · since Series B, 2025 | Series B Oct 2025 $54M | $476M | $258M – $736M | $401M (-16%) | $67.1M | 59% | 81 | flat | B | |
| 30 | Tech Companies · since Series C, 2022 | Series C Jun 2022 $80M | $462M | $69.7M – $1.0B | $439M (-5%) | $92.2M | 8% | 123 | up | D | |
| 31 | Tech Companies · since Series A, 2019 | Growth Equity Feb 2024 $72M | $399M | $161M – $984M | $196M (-51%) | $63.0M | 73% | 135 | down | C | |
| 32 | Groceries · since Series C, 2026 | Series C Feb 2026 $50M | $485M | $348M – $610M | $530M (+9%) | $71.2M | 0% | 2,630 | growing | A | |
| 33 | Warehousing & Storage · since Series B, 2024 | Series B Nov 2024 $58M | $308M | $132M – $684M | $223M (-28%) | $65.1M | 91% | 264 | down | C | |
| 34 | Payment Processing & Point of Sale · since Growth, 2025 | Growth Equity Jul 2025 $30M | $313M | $184M – $444M | $313M (0%) | $34.3M | 0% | 425 | up | B | |
| 35 | Cryptocurrency · since Series C, 2022 | Acquisition Jul 2025 $100M | $191M acquired 2025 | $49.7M – $504M | – | – | 58% | 98 | down | D | |
| 36 | Tech Companies · led at Series C, 2019 | Acquisition Sep 2020 $370M | $312M acquired 2020 | $129M – $442M | – | – | 0% | – | unknown | C | |
| 37 | Shipping Couriers · led at Series C, 2021 | Series C Aug 2021 $35M | $205M | $18.2M – $463M | $189M (-8%) | $45.5M | 22% | 282 | flat | D | |
| 38 | Metal Fabrication Services · led at Series C, 2021 | Series C Sep 2021 $33M | $44.6M | $19.8M – $173M | $39.3M (-12%) | $46.9M | 97% | 54 | shrinking | D | |
| 39 | Investment Consultants & Financial Advisors · since Series A, 2023 | Series A Nov 2023 $30M | $275M | $30.6M – $419M | $160M (-42%) | $42.0M | 0% | 2 | unknown | D | |
| 40 | Investment Consultants & Financial Advisors · led at Series B, 2021 | Series B Aug 2021 $15M | $160M | $10.7M – $253M | $160M (-1%) | $24.5M | 2% | 137 | up | D | |
| 41 | Real Estate - Agents & Managers · since Series A, 2025 | Series A Aug 2025 $22M | $174M | $66.7M – $246M | $174M (0%) | $29.6M | 0% | 178 | up | C | |
| 42 | Toys & Games Stores · led at Series B, 2020 | Series B Dec 2020 $14M | $42.9M | $5.34M – $152M | $40.7M (-5%) | $17.2M | 45% | 62 | flat | D |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Mubadala invests: stages, industries and countries
Most of its rounds are Series C and later (74%). Its companies span 27 industries, most in Tech Companies, Hosting & Cloud Infrastructure Providers and Loans & Financing, across 12 countries.
Rounds by stage
- Series A 6
- Series B 8
- Series C and later 40
Investments by industry
- Tech Companies 6
- Hosting & Cloud Infrastructure Providers 3
- Loans & Financing 3
- Biotechnology 2
- Car Rental 2
- Groceries Delivery 2
- Investment Consultants & Financial Advisors 2
- Payment Processing & Point of Sale 2
Investments by country
- United States 18
- United Kingdom 7
- United Arab Emirates 5
- Switzerland 3
- Singapore 2
- Brazil 1
Recent rounds
Mubadala's latest investments
Mubadala's most recent funding rounds, newest first. 5 rounds in the last 12 months.
- Moove Series C, led $250M 5 Aug 2026
- Series A, led $15M 6 May 2026
- WHOOP Series G $575M 31 Mar 2026
- Series C $50M 17 Feb 2026
- Series B $54M 1 Oct 2025
- CityFibre Growth $3.12B 19 Sep 2025
- CuspAI Series A $100M 10 Sep 2025
- Series A $22M 25 Aug 2025
- Growth $30M 22 Jul 2025
- CityFibre Growth $670M 14 Jul 2025
Co-investors
Mubadala's top co-investors
The investors that most often join the same rounds as Mubadala. Tiger Global leads, with 6 rounds together.
- Tiger Global 6 rounds together
- Dragoneer Investment Group 6 rounds together
- 4 rounds together
- G Squared 4 rounds together
- Y Combinator 4 rounds together
- Andreessen Horowitz 4 rounds together
- Lux Capital 4 rounds together
- Sequoia Capital 3 rounds together
- Lightspeed Venture Partners 3 rounds together
- Temasek 3 rounds together
About
About Mubadala
Mubadala Investment Company is a United Arab Emirates sovereign investment company engaged in private equity and investment management across multiple sectors, including healthcare, financial services, energy, technology, consumer goods, industrials, and real estate. The company manages a global portfolio with investments in life sciences, technology, consumer, industrials, energy, and financial services, and operates internationally with offices in several major cities. Mubadala also participates in strategic partnerships and is certified for ethical business conduct.
Description from Veridion's company data.
- Founded
- 2017
- Based in
- Abu Dhabi, United Arab Emirates
- Team
- 1,970 people, -1% in a year
- Type
- Sovereign wealth fund
Focus markets
- Healthcare
- Financial Services
- Energy
- Technology
- Consumer Goods
- Industrials
- Real Estate
What Mubadala offers
- Global Investment Management
- Private Equity Investment
- Financial Services Investment
- Energy Sector Investment
- Technology Sector Investment
- Healthcare Sector Investment
- Consumer Goods Sector Investment
- Industrial Sector Investment
Questions
Mubadala: frequently asked questions
How many companies has Mubadala invested in?
42 venture-backed companies on VCMC, across 54 funding rounds.
What are Mubadala's most valuable private companies?
Waymo ($155.4B), SHEIN ($68.6B), Crusoe ($31.7B), by VCMC's valuation.
What was Mubadala's latest investment?
Moove, a Series C round in Aug 2026 of $250M, which Mubadala led.
Which stages does Mubadala invest in?
Mubadala invests most often at Series C and later (40 rounds), followed by Series B (8) and Series A (6).
What is Mubadala's portfolio worth?
Its private companies with a VCMC valuation are worth $342.4B together. That is the sum of the companies' values, not what Mubadala owns.
Who does Mubadala invest alongside?
Tiger Global (6 rounds), Dragoneer Investment Group (6 rounds), F-Prime Capital (4 rounds).