5 years ago

Reef Technology Raises $700M to Expand Network of Urban Hubs

  • US-based Reef Technology, a company that transforms underutilized urban spaces into neighborhood hubs, has raised $700 million in funding

  • The round was led by Abu Dhabi's Mubadala Investment Company, with participation from SoftBank Vision Fund, Oaktree, UBS, and Target Global

  • The funding will be used to expand Reef's network of locations and further develop its platform.

      • ProblemTechnology

      "Underutilized urban spaces are a common problem in cities, leading to wasted space and a lack of convenient access to goods and services."

      Solution

      "Reef Technology transforms underutilized urban spaces into neighborhood hubs that connect people to locally curated goods, services, and experiences. They offer a platform that connects people to local goods, services, and experiences, making it easier for people to access what they need."

      Covered on