Mubadala Capital is the asset management subsidiary of Mubadala Investment Company, a leading global sovereign investor headquartered in Abu Dhabi, managing billions in third party capital vehicles.
Faris is the Head of Technology at Mubadala, having previously led ventures and growth as well as regional investments at the firm. He started his career as a financial analyst at Goldman Sachs.
Fatou Bintou brings investment and operating experience from roles at Mubadala, Storyblok, and her own stealth venture. She has also held board positions at Juni, re:cap, and Virtuoso.
Balderton Capital led the Series B round with participation from Mubadala Capital and existing investors.
"For too long, the importance of cash has been overlooked by many operating businesses and investors alike. As rates have begun to rise across the globe and crises have once again started to permeate the banking sector, companies of all sizes have woken up to the benefits of diversification, security and attractive risk-adjusted returns. We have been growing the business rapidly for the last 5 years and are very well-placed to capitalise on current market dynamics. We’re delighted that Balderton is leading our Series B round – they understand our world deeply and have all of the experience necessary to support us on our journey to becoming a global leader in institutional cash investment."
Tiger Global has led a $40m Series A funding round in Weavr to support its expansion into the United States and other international markets.
"We believe an increasingly digital world works better when financial services are provided seamlessly within digital applications. Plug-and-Play Finance is the fastest, easiest and most efficient way for businesses to accomplish this,"
The Series B round was led by Mubadala Capital and will support the platform's continental European expansion.
"Scores of new and existing retail businesses now see their future in e-commerce, but while anyone can set up an online store-front and start selling within hours, the infrastructure powering e-commerce is alarmingly outdated, inefficient, inflexible and expensive."
The funding round was led by Mubadala Investment with participation from Channel 4 Ventures to support product development and international growth.
"Our mission is to encourage and educate a new generation of scientists. We have found that a subscription model lends itself perfectly to this. As demand for home education resources continues to increase, it provides a way to help parents fill the role of teachers during periods of classroom closures, and continually fuel their kids’ curiosity for, and interest in, subjects that are often difficult to grasp."
