Procore Technologies, a provider of software to manage construction projects, is now worth $3 billion thanks to a new $75 million round of funding led by Tiger Global Management. The new funding shows just how completely software has eaten the world. Once considered an industry that was too analog to ever reap the benefits of […]
View More Construction management software developer Procore raises $75 million at a $3 billion valuationCategory: Vision Fund
Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund
Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion Series G round led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business — the Chinese e-commerce giant led a $1.1 billion round last year, while SoftBank recently transitioned its shareholding […]
View More Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision FundSoftBank’s Vision Fund inches closer to $100B
Much has been said about the SoftBank Vision Fund, mostly in awe of the size of the investment vehicle. Today, however, the Vision Fund inched yet closer to that twelve-figure goal.
View More SoftBank’s Vision Fund inches closer to $100BEx-Facebook exec Kirthiga Reddy becomes first female investor at SoftBank’s Vision Fund
Following speculation that SoftBank is hiring a China-based team, so the Japanese investment giant has brought on a first venture partner (and first female) for its $100 billion Vision Fund. Kirthiga Reddy, a former executive with Facebook, has taken the role and, in doing so, she becomes the first female member of SoftBank’s Vision Fund […]
View More Ex-Facebook exec Kirthiga Reddy becomes first female investor at SoftBank’s Vision FundNEA spinout NewView Capital raises $1.35B for its debut growth fund
Longtime NEA general partner Ravi Viswanathan has launched a new fund and brought 31 of NEA’s portfolio companies with him.
View More NEA spinout NewView Capital raises $1.35B for its debut growth fundRakuten has SoftBank in its sights
This week, I’ve tried to do something new at TechCrunch with this experimental column — getting obsessed about a topic broadly in tech and writing a continuous stream of thoughts and analysis about it. With my research consultant and contributor Arman Tabatabai, we’ve covered two topics: Form Ds, the filing that startups usually submit to […]
View More Rakuten has SoftBank in its sightsSilicon Valley’s sovereign wealth problem
John Vrionis Contributor Share on Twitter John Vrionis is the founder of Unusual Ventures. It’s time to bring the conversation about where Silicon Valley gets its money from out into the open. Following recent revelations into Saudi Arabia’s extensive reach and influence in the US technology sector, the willful ignorance that has defined the relationship […]
View More Silicon Valley’s sovereign wealth problemSoftBank CEO pulls out of speaking at Saudi investment conference
SoftBank Group has become the latest high profile technology business to drop out of an investment conference in Saudi Arabia following the snowballing global outcry over the killing of journalist, Jamal Khashoggi. The Wall Street Journal reports the last minute cancelation by CEO Masayoshi Son of a speaking engagement at the Future Investment Initiative conference which opens in […]
View More SoftBank CEO pulls out of speaking at Saudi investment conferenceKhashoggi’s fate shows the flip side of the surveillance state
It’s been over five years since NSA whistleblower Edward Snowden lifted the lid on government mass surveillance programs, revealing, in unprecedented detail, quite how deep the rabbit hole goes thanks to the spread of commercial software and connectivity enabling a bottomless intelligence-gathering philosophy of ‘bag it all’. Yet technology’s onward march has hardly broken its stride. […]
View More Khashoggi’s fate shows the flip side of the surveillance stateSaudi ally calls for Uber boycott over response to Khashoggi’s vanishing
Uber is facing calls for a boycott of its app in the Persian Gulf, a region that has poured billions of dollars of investment into the company’s ride-hailing business in recent years: Directly via Saudi Arabia’s Public Investment Fund (PIF) and indirectly because the Saudis are major investors in Softbank’s Vision Fund vehicle, which is another big Uber […]
View More Saudi ally calls for Uber boycott over response to Khashoggi’s vanishingSoftBank is considering taking a majority stake in WeWork
SoftBank is reportedly considering an investment of up to $20 billion in WeWork using capital from its Vision Fund.
View More SoftBank is considering taking a majority stake in WeWorkIndia’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 growth