Tagged: softbank

SoftBank Group Corporation’s LatAm Fund Managers Shu Nyatta, Paulo Passoni Announce their Departure

SoftBank Group Corp.’s Shu Nyatta and Paulo Passoni, two of the managing partners at the SoftBank Group Corp.’s Latin America Fund, recently revealed that they’re leaving to launch their own venture business, which will mainly focus on late-stage startups in the area. As reported by… Read More

Observe.AI Raises $125 Million Series C Led by SoftBank

Observe.ai has raised $125 million in a Series C funding round bringing total funding for the firm to $213 million. The round was led by SoftBank Vision Fund 2 with participation from Zoom Video Communications. Other investors included  Menlo Ventures, Nexus Ventures, Scale Ventures, Emergent Ventures,… Read More

Community Gaming, an Earnings Platform and Competitive Organizer, Raises $20M

Community Gaming, the “premier” all-in-one global earnings platform and competitive organizer, recently announced the closing of its “oversubscribed” Series A at $16 million. The investment round was reportedly led by SoftBank Group via its SB Opportunity Fund, along with contributions from Animoca Brands, Binance Labs,… Read More

Digits Attracts $65M Series C to Power Real-Time Finance and Accounting Platform

Digits, a real-time finance and accounting platform for small businesses, this week closed a $65 million Series C funding round led by SoftBank with participation from Harry Stebbings’ 20VC Growth, as well as GV and Benchmark. The latest round brings Digits’ total funding to $97.5 million and values the company at $565… Read More

Huge: Roofstock Valued at $1.9 Billion, Raises $240 Million

Real estate investment platform Roofstock has raised a $240 million Series E round at a $1.9 billion valuation, according to a statement from the company. Simultaneously, Roofstock shared that it has topped $5 billion in transaction volume as it gears up for more growth. The… Read More

London Fintech PrimaryBid Secures $190M via the Softbank Vision Fund 2

PrimaryBid, a SoftBank-backed Fintech assisting retail investors with getting early access to IPOs, has secured $190 million in capital via the SoftBank Vision Fund 2 with the participation from Molten Ventures and others. The London-based Fintech firm is focused on helping retail clients get improved… Read More

Funding Societies Raises $294 Million Led by SoftBank as Digital Finance Platform Executes on Mission

Funding Societies, an online capital formation platform serving Asia, has announced $294 million in funding led by SoftBank. According to a statement by the company, USD $144 million was raised in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2, with new… Read More

Blockchain Platform Aleo Raises Huge $200 Million Series B, Valuation Tops $1.45 Billion

Blockchain platform Aleo has raised a huge $200 million Series B funding round that delivered a valuation of $1.45 billion. The funding was led by Kora Management LP and SoftBank Vision Fund 2, with participation from Tiger Global, Sea Capital, Slow Ventures, Samsung Next, and… Read More

Fintech Tribal Acquires $60M in Series B Equity Raise led by SoftBank LatAm Fund

Tribal, a B2B payments and financing platform for emerging markets, has secured $60M in Series B funding led by SoftBank Latin America Fund. Coinbase Ventures also participated in the investment round, which included contributions from existing investors BECO Capital, QED Investors, and Rising Tide. In… Read More

SoftBank Invests $25 Million in OurCrowd

OurCrowd, a top global investment crowdfunding platform, has received an investment from SoftBank. According to a note from the company, the SoftBank Vision Fund 2 will make a $25 million convertible equity investment into the company. Terms of the investment were not disclosed. As part… Read More

OY! Indonesia Raises $30 Million in Round Led by SoftBank

SoftBank Ventures Asia has led the $30 million Series A funding round in OY! Indonesia. MDI, Pavilion Capital, AC Venture, CCV, Wavemaker, PT SAT, Saison Capital Pte. Ltd., and Orion Advisors (DST Founders) also participated in the round that had a valuation of around $100… Read More

Softbank backed THG Ingenuity Makes Strategic Investment in Civo, a Cloud Tech Platform

Mark Boost, CEO at Civo, says he’s pleased to confirm that THG Ingenuity, the technology division of digital commerce platform THG, has invested $2 million in order to “take a minority stake in Civo.” Boost writes in a blog post that they’re “proud” to be THG… Read More

Fintech Chime Secures $750M at $25B Valuation from SoftBank, Sequoia Capital Global Equities, Others

Chime revealed on Friday (August 13, 2021) that it secured $750 million in capital through a Series G round round that now values the Fintech Unicorn at $25 billion. Notably, that’s $10 billion more than what the company had reported in October 2020 (when it… Read More

AI-Based Sales Tool Provider Mindtickle Turns Unicorn at $1.2 Billion Valuation

It’s raining Unicorns in India’s startup ecosystem. Mindtickle Inc., which provides an artificial intelligence-based tool to improve sales and product knowledge, has become the 20th Unicorn of the year by hitting a $1.2 billion valuation following a funding round led by SoftBank Group Corp.  The… Read More

Toronto’s Clearco, Previously Clearbanc, Secures $215M in Growth Equity via Round led by SoftBank Vision Fund 2

Toronto-headquartered Clearco — which was previously doing business as Clearbanc — has secured $215 million in growth equity through a round that was recently led by the SoftBank Vision Fund 2. The firm is now focused on its global expansion efforts. Established in 2015, the… Read More

SoftBank Latin American Fund Backs Mercado Bitcoin $200M Series B

Latin American cryptocurrency exchange Mercado Bitcoin today completed a $200 million Series B raise from the SoftBank Latin America Fund, Mercado Bitcoin parent company 2TM Group announced. 2TM Group now has a $2.1 billion valuation. The funds are earmarked for product and technology development along with… Read More

Indian Fintech Zeta Might Soon Join Growing List of Unicorns when it Finalizes Potential $250M Series D from Softbank Fund

Banking technology firm Zeta is reportedly getting closer to achieving Unicorn status (valued at $1 billion or more) as it continues to work with varous investors in order to close a new funding round, according to TechCrunch which cited sources familiar with the matter. SoftBank… Read More

ZA Tech Global, the Technology Initiative Backed by Softbank Vision Fund I, Launches Asia Fintech Center

ZA Tech Global Limited, the technology venture established by ZA International and supported by Softbank’s Vision Fund 1, revealed on Friday (April 9, 2021) that it’s launching its Asia Fintech Center (AFC) in Singapore. The new center will focus on financial services innovation projects and… Read More

China: WeiyangX Fintech Review

China Imposes Further Restrictions on Online Consumer Loans for College Students Over the past few years, some internet finance platforms have targeted college campuses and made inductive marketing through cooperation with technology companies. Such practices led some students into excessive consumption and even debt traps…. Read More

SPAC: SoftBank Group Corp. Is Reportedly Planning to Secure $500 Million via Blank Check Company

SoftBank Group Corp. (TYO: 9984), a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo with over $300 billion in assets, is reportedly planning to secure at least $500 million in capital via a blank-check company, according to sources familiar with the matter. The special-purpose… Read More

Send this to a friend