Actual property tech corporate Compass is the most recent beneficiary of SoftBank’s $100 billion Imaginative and prescient Fund, receiving $450 million Thursday from a investment spherical led via the tech fund.
Subsidized via tech giants together with Apple, Qualcomm and Sharp, in addition to via sovereign finances from Saudi Arabia and the United Arab Emirates, SoftBank’s Imaginative and prescient Fund has thus far raised $98 billion, making it the the biggest era funding fund ever. Its scale has reshaped Silicon Valley in 2017.
Different fresh investments come with investment rounds for Slack, Mapbox and Vir Biotechnology. SoftBank is more likely to make investments as much as a whopping $10 billion in Uber, however that deal hasn’t long past thru but.
Right here’s a working checklist of the entire the investment rounds the Imaginative and prescient Fund has participated in:
Because the lead investor, Imaginative and prescient Fund isn’t accountable for all of the quantity of the investment spherical, however slightly the biggest portion. One of the most offers (OneWeb, SoFi, Fantastic, Nauto) are anticipated to be presented to, however don’t seem to be these days a part of the Imaginative and prescient Fund. Ultimate deal values have no longer been disclosed.
The Imaginative and prescient Fund hopes to lift a complete of $100 billion that it is going to make investments for as much as 5 years after its ultimate last. Extremely, SoftBank could also be discussing elevating cash for any other massive tech fund.