Real estate tech firm Compass is the latest beneficiary.
Real estate tech company Compass is the latest beneficiary of SoftBank’s $100 billion Vision Fund, receiving $450 million Thursday from a funding round led by the tech fund.
Backed by tech giants including Apple, Qualcomm and Sharp, as well as by sovereign funds from Saudi Arabia and the United Arab Emirates, SoftBank’s Vision Fund has so far raised $98 billion, making it the the largest technology investment fund ever. Its scale has reshaped Silicon Valley in 2017.
Other recent investments include funding rounds for Slack, Mapbox and Vir Biotechnology. SoftBank is likely to invest up to a whopping $10 billion in Uber, but that deal hasn’t gone through yet.
Here’s a running list of all the the funding rounds the Vision Fund has participated in:
As the lead investor, Vision Fund isn’t responsible for the entire amount of the funding round, but rather the largest portion. Some of the deals (OneWeb, SoFi, Improbable, Nauto) are expected to be offered to, but are not currently part of the Vision Fund. Final deal values have not been disclosed.
The Vision Fund hopes to raise a total of $100 billion that it will invest for up to five years after its final closing. Incredibly, SoftBank is also discussing raising money for another huge tech fund.
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Author: Rani Molla
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