Mubadala Development Company

2021-03-23T18:00:02+00:00

Business • Markets

Telegram gets a combined $150 million from Mubadala, Abu Dhabi Catalyst Partners

In a joint statement, Abu Dhabi sovereign wealth fund Mubadala Investment Company and Abu Dhabi Catalyst Partners announced they had invested a combined $150 million in messaging app Telegram.

"Our investment in Telegram establishes a strategic partnership for us to further strengthen Abu Dhabi's technology ecosystem as well as bring new levels of tech skills and talent to the capital," Mubadala said in the statement.

Launched in 2013 by brothers Pavel and Nikolai Durov as a secure messaging app, Telegram has its headquarters in the UAE.

Cookies🍪

Our website uses scripts, such as cookies, to technically provide the site ("essential scripts") and third-party website tracking technologies to provide and continually improve our services and display advertisements based on the perceived interests of users. By clicking the "Accept All" button, the website visitor agrees to the activation of all scripts. Essential cookies are also executed without the consent. The consent can be revoked or changed at any time with effect for the future. By clicking the "Reject" button, only essential cookies are used. In our data protection policy, we provide detailed information about the type and scope of data processing.

Accept All Reject