Mubadala and Abu Dhabi Catalyst Partners invest $150 million in social media platform Telegram

Mubadala and Abu Dhabi Catalyst Partners invest $150 million in social media platform Telegram

Mubadala Investment Company, the Abu Dhabi-based sovereign investor, has invested $75 million in 5-year pre-IPO convertible bonds of Telegram, an operator of the self-named security-focused social media platform, with Abu Dhabi Catalyst Partners investing a further $75 million.

The strategic partnership between the companies is also expected to create new collaboration opportunities and thereby further advance Abu Dhabi’s ecosystem of innovative and tech-enabled companies.