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Since 2019, Mubadala Capital has backed 2 African startups across 2 disclosed funding rounds totaling $250M, most heavily in Nigeria and Fintech.
Mubadala Capital is a global alternative asset management platform and subsidiary of Mubadala Investment Company. Established in 2011, it manages, advises, and administers over $430 billion in assets through wholly owned businesses and strategic partnerships. The firm invests across private equity, special opportunities, and other alternatives, with offices in Abu Dhabi, New York, London, San Francisco, and Rio de Janeiro. In Africa, Mubadala Capital has participated in three funding rounds totaling $278 million from December 2019 to March 2024. Investments include Series B and Debt Financing in Nigeria-based fintech Moove, and Series E in Pan-African logistics company Glovo. The firm focuses on fintech and logistics sectors at Series B, Series E, and debt stages, with a geographic emphasis on Nigeria and Pan-African opportunities. Mubadala Capital has co-invested alongside partners such as Uber, Eurazeo, and AfricInvest in these deals.
Data updated · Jul 29, 2026
Mubadala Capital has backed 2 African startups across 2 disclosed funding rounds tracked on Liners, totaling $250M since 2019.
Mostly Series B: 1 of its 2 tracked rounds are at that stage, followed by Series E (1).
Its tracked rounds lean toward Fintech (2), Quick Commerce (1).
Mubadala Capital most often shares rounds with thelatest.ventures (1 shared deal), Future Africa (1 shared deal), AfricInvest (1 shared deal).
Mubadala Capital backed Moove with Series B ($100M, Mar 2024) and Debt Financing ($28M, Aug 2023) in Nigeria, and Glovo with Series E ($150M, Dec 2019) in Pan-Africa.