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The Information:
Sources: SoftBank's Vision Fund led a $750M investment last August in Philadelphia-based goPuff, an on-demand delivery service for convenience products   —  SoftBank's Vision Fund made one of its largest U.S. venture investments last year in a Philadelphia-based startup that has developed …
Jan 17, 2020, 9:30 PMIn context
Natasha Mascarenhas / Crunchbase News:
Report: pizza-making robot startup Zume, which raised $375M from SoftBank Vision Fund in 2018, plans to lay off up to 400 staff, or about 80% of its employees   —  In a little over a year, pizza-making robot startup Zume has gone from getting $375 million from SoftBank, to pivoting …
Jan 7, 2020, 2:10 PMIn context
Dan Primack / Axios:
Sources: SoftBank Vision Fund has walked away from investing in several startups, months after submitting term sheets and saying closing delays were temporary   —  SoftBank Vision Fund has walked away from investing in several startups, months after submitting term sheets worth hundreds …
Jan 6, 2020, 9:22 AMIn context
The Economic Times:
SoftBank Vision Fund 2 invests $231M in India-based eyewear ecommerce startup Lenskart's Series G, sources say at a valuation of $1.5B   —  The transaction values company at about $1.5 billion post the investment  —  SoftBank has invested about $231 million (Rs 1,645 crore) …
Dec 20, 2019, 3:35 PMIn context
Bloomberg:
Current and ex-employees of SoftBank's Vision Fund describe an environment of sycophancy towards Son, harassment, rivalries, and a culture of recklessness   —  Masayoshi Son's venture capital firm is famous for making outsize bets on tech startups.  It has also been described as an environment of sycophancy and harassment.
Dec 18, 2019, 8:30 AMIn context
Miles Kruppa / Financial Times:
Dog walking startup Wag says SoftBank no longer has board seats; source: SoftBank has sold its stake back to Wag at a loss after investing $300M in January 2018   —  SoftBank Group agreed to sell its nearly 50 per cent stake in Wag back to the dog walking company, ending a disappointing investment …
Dec 9, 2019, 6:10 PMIn context
Bloomberg:
Sources: SoftBank Group completed the first close of $2B for the Vision Fund 2 so it can start backing startups; SoftBank initially targeted $108B for this fund   —  - Technology fund's initial close raises about $2 billion  — Outside investors yet to commit to SoftBank's latest fund
Nov 15, 2019, 3:30 PMIn context
Bloomberg:
Sources: SoftBank passed on investing in Cadre after Jared Kushner did not divest his stake in the real estate startup, as requested by SoftBank   —  SoftBank wanted Kushner to divest.  He wouldn't, and deal talks died.  It was a missed opportunity for a start-up beset by tech limits, high turnover and unfulfilled promise.
Nov 14, 2019, 12:20 PMIn context
Pavel Alpeyev / Bloomberg:
SoftBank reports a loss of $6.5B, its first quarterly operating loss in 14 years, and a loss of $8.9B in the Vision Fund, including a charge of $4.6B for WeWork   —  SoftBank Group Corp. reported its first quarterly operating loss in 14 years after writing down the value of some of its marquee investments …
Nov 6, 2019, 2:20 AMIn context
Wall Street Journal:
Companies in Vision Fund's portfolio, like Wag and Fair, are struggling; sources say Oyo founder invested $2B in his company with a loan backed by Masayoshi Son   —  Other companies the huge tech investment fund has backed have struggled lately  —  SoftBank Group Corp. 's longtime strategy …
Nov 4, 2019, 10:40 PMIn context

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