SFTBF News and Press, Softbank Corp Fgn From 04/10/21

In 2017, SoftBank ([[SFTBF]],[[SFTBY]]) launched its Vision Fund, a massive $100B tech investment fund that received half of its funding from contributors like Apple, Qualcomm, and the Public Investment Fund of the Kingdom of Saudi Arabia. The Vision Fund was a VC darling and in 2019 SoftBank...

SoftBank ([[SFTBF]],[[SFTBY]]) is reportedly investing $500M in mortgage startup Better, formally known as BetterHoldco Inc, at a $6B valuation, up from a $4B value during a private round in November.Wall Street Journal sources say Better plans to go public sometime this year.Better offers co...

SoftBank Vision Fund 2 ([[SFTBF]],[[SFTBY]]) and Franklin Trust co-led a $210M funding for privacy, security, and governance platform OneTrust, which brought the Series C round up to $510M at a $5.5B valuation.The startup's platform allows companies to operationalize trust through agile,...

This real-money portfolio was first introduced to the Seeking Alpha community in December 2015. The portfolio outperformed its benchmark in Q1 2021 and is currently outperforming the S&P 500's performance since late-2015. The portfolio was overweight Financials and Industrials...

SoftBank ([[SFTBF]],[[SFTBY]]) Vision Fund 2 and BlackRock led the $640M funding round for retail-focused computer vision company Trax.The Trax platform provides consumer packaged goods companies and grocery retailers with granular visibility into rapidly changing store conditions to make dat...

Southeast Asia's most valuable startup is ready to go public, making its debut in the SPACsphere. Grab (GRAB) was founded as a ride hailing company in 2012 before expanding into payments in 2016 and food delivery in 2018. It also offers loans, insurance and has been granted a digital banking ...

SoftBank ([[SFTBF]],[[SFTBY]]) enters into a definitive agreement to acquire a 40% stake of Norwegian warehouse automation company AutoStore for $2.8B, which gives AutoStore a $7.7B enterprise value.SoftBank will purchase the shares from AutoStore owner Thomas H. Lee Partners, which will rema...

SoftBank ([[SFTBF]],[[SFTBY]]) Vision Fund 2 leads the $300M funding round for Indian social commerce startup Meesho at a $2.1B valuation.Other backers included existing investors Facebook and Prosus Ventures.Meesho operates an online marketplace that connects business to potential ...

SoftBank Group (SFTBY) (SFTBF) is planning a $1.2B investment in Invitae (NVTA) in the form of convertible debt, the Wall Street Journal reports.The initial conversion price of $43.18 per share implies a ~20% premium to the trailing five-day average of Invitae shares. The stock...

Last year, Nvidia (NVDA) agreed to acquire SoftBank's ([[SFTBF]],[[SFTBY]]) Arm chip unit for $40B. While that deal crawls through the regulatory hurdles, Arm is rolling out its first new chip architecture in a decade.Armv9 architecture was designed to address the demands for high securi...