The sovereign fund of Saudi Arabia plans to invest $45 billion into the second SoftBank Vision Fund, two years after putting the same amount into the original $100 billion Vision Fund, Saudi Arabia Crown Price Mohammed bin Salman told Bloomberg in an interview on Friday. When the first Vision Fund was announced, it was by […]
View More Saudi Arabia’s sovereign fund will also invest $45B in SoftBank’s second Vision FundCategory: Softbank Vision Fund
Pulling back the curtain on how SoftBank’s massive Vision Fund works — including just how big a check it can write
Picture it. The scene is Silicon Valley. Suddenly an investment firm materializes on the scene and starts writing checks bigger than anyone is accustomed to seeing. Fellow investors start to privately complain. Its partners are poseurs, they say. The firm is driving up valuations, they continue. It’s going to ruin venture capital, they conclude. It […]
View More Pulling back the curtain on how SoftBank’s massive Vision Fund works — including just how big a check it can writeIndia’s budget hotel startup OYO raises $1B for international growth
OYO, the India-based startup that operates a network of budget hotels, has pulled in $1 billion in new funding to grow its business in China and expand into other international markets. The majority of the funding — $800 million, to be exact — was led by SoftBank’s Vision Fund with participation from Lightspeed, Sequoia and Greenoaks Capital. OYO […]
View More India’s budget hotel startup OYO raises $1B for international growthEquity podcast: Circle raises $110, VCs hunt liquidity, and the Vision Fund’s possible twin
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. Today Matthew Lynley, Connie Loizos and I were joined by Semil Shah, the founder of seed-stage fund Haystack and venture partner at Lightspeed. This week, we stuck to our roots: big rounds, venture capital liquidity thirst, one IPO, two […]
View More Equity podcast: Circle raises $110, VCs hunt liquidity, and the Vision Fund’s possible twinOn-demand dog walking app Wag raises $300 million from SoftBank Vision Fund
The SoftBank Vision Fund has struck again. This time, it’s investing $300 million in on-demand walking and dog care startup Wag. Wag has also brought on Hilary Schneider, formerly of identity theft protection company LifeLock, to serve as the company’s new chief executive officer. Last year, Wag was reportedly in talks with a handful of investors, including NEA and Kleiner… Read More
Softbank invests €460M in Germany’s Auto1 car dealer platform
Softbank’s Vision Fund has made another investment: The Japanese conglomerate has agreed to invest €460M in Berlin-based online car dealer Auto1. Read More