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Mumtalakat is Bahrain's sovereign wealth fund, managing a diverse portfolio of commercial assets. It executes strategic investments to achieve sustainable returns and national economic development. This involves pursuing value-enhancing opportunities, implementing robust corporate governance, and fostering operational excellence across its holdings.
Established June 29, 2006, by Royal Decree, Mumtalakat emerged from a 2005 economic reform workshop. His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince of Bahrain, oversaw this initiative. The Bahrain Economic Development Board, with the Ministry of Finance and National Economy, shaped the blueprint for this holding company to bolster economic growth.
Serving Bahrain's government and citizens, Mumtalakat aims for lasting national impact and prosperity. It strengthens the Kingdom's economic resilience and facilitates long-term growth. Through targeted investments, it plays a critical role in advancing Bahrain's economic diversification.
Key people at Mumtalakat.
Key people at Mumtalakat.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 1, 2024 | SandboxAQ | $300.0M Series E | — | Alt Capital, Amplify Partners, James Hardiman, Felicis Ventures, Greylock, Innovation Endeavors, IVP, Khosla Ventures, LAUNCH, Radical Ventures, ScOp Venture Capital, Sherpalo Ventures, Sound Ventures, Spark Capital, SV Angel, Adam D'Angelo, Anne Wojcicki, Dylan Field, Ava Investors, Breyer Capital, David Siegel, Eric Schmidt, Fred Alger Management, In-Q-Tel, Marc Benioff, PQV, Ray Dalio, Rizvi Traverse, Section 32, T. Rowe Price Associates, U.S. Innovative Technology Fund, Yann LeCun |