Mubadala Invests in Robo-Advisor Sarwa Amid Retail Trading Boom

Commercial and residential skyscrapers stand along the coastline in Abu Dhabi, United Arab Emirates, on Wednesday, Oct. 2, 2019. Abu Dhabi sold $10 billion of bonds in a three-part deal in its first international offering in two years as it takes advantage of relatively low borrowing costs.Photographer: Christopher Pike/Bloomberg

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By Hala Haj Taleb

August 10, 2021 at 6:55 AM UTC

Updated on

August 10, 2021 at 2:11 PM UTC

This article is for subscribers only.

Abu Dhabi’s Mubadala Investment Co. led a funding round at Sarwa as the robo advisor eyes further growth amid a global surge in retail trading.

Sarwa raised $15 million in the latest round from investors including Kuwait Projects Co. and Shorooq Partners. The Abu Dhabi-based company has so far raised $25 million in total.