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SoftBank spent $900 million in investment banking fees in 2018. The only entity it lagged — the People's Republic of China.

SoftBank spent $900 million in investment banking fees in 2018, more than any company in at least a decade. The People's Republic of China is the only entity to outspend the Japanese tech conglomerate. SoftBank has primarily paid fees to investment bankers to raise capital, but it also executed many high profile investments in companies like WeWork and Cruise Automation. If you didn't have SoftBank as an investment banking client in 2018, you missed out on one of the most massive and lucrativ...
Tags: China, Softbank, Trends, Alibaba, Gm, Citigroup, Deutsche Bank, Silicon Valley, Goldman Sachs, WeWork, Goldman, Coupang, Bayer, Nomura, Republic of China, Masayoshi Son


A small number of banks profited from a SoftBank dealmaking bonanza in 2018 — one of the most lucrative fee opportunities in modern history

SoftBank spent $900 million in investment banking fees in 2018, more than any company in at least a decade. The People's Republic of China is the only entity to outspend the Japanese tech conglomerate. SoftBank has primarily paid fees to investment bankers to raise capital, but it also executed many high profile investments in companies like WeWork and Cruise Automation. If you didn't have SoftBank as an investment banking client in 2018, you missed out on one of the most massive and lucrativ...
Tags: China, Softbank, Trends, Alibaba, Gm, Citigroup, Deutsche Bank, Silicon Valley, Goldman Sachs, WeWork, Goldman, Coupang, Bayer, Nomura, Republic of China, Masayoshi Son


Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund

Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business — the Chinese e-commerce giant led a $1.1 billion round last year, while SoftBank recently transitioned its shareholding in Tokopedia to the Vision Fund. That latter detail is what held up this deal which had been agreed in principle back in October, TechCrunch understands. To...
Tags: Fundings & Exits, TC, Ecommerce, Asia, Business, Indonesia, Saudi Arabia, China, Southeast Asia, Softbank, Funding, Tech, E-commerce, Economy, Alibaba, Korea


Payment service Toss becomes Korea’s newest unicorn after raising $80M

South Korea has got its third unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new round is led by U.S. firms Kleiner Perkins and Ribbit Capital, both of which cut their first checks for Korea with this deal. Others participating include existing investors Altos Ventures, Bessemer Venture Partners, Goodwater Capital, KTB Network, Novel, PayPal and Qualcomm Ventures. The de...
Tags: Amazon, Fundings & Exits, Apps, Asia, South Korea, Europe, Money, Finance, Southeast Asia, Softbank, Funding, Samsung, America, Tech, E-commerce, Economy


SoftBank doubles down on Korean online retailer Coupang with $2 billion investment: Reuters

SoftBank Group Corp’s Vision Fund is investing $2 billion in South Korea’s top e-commerce firm Coupang, the retailer said on Tuesday, as the loss-making startup girds for battle against rivals backed by the country’s cash-rich chaebol. The latest investment follows the $1 billion that SoftBank invested in Coupang in 2015 and values the eight-year-old startup at around $9 billion, a source close to Coupang said. Coupang has since grown rapidly to become a major player in the country’s e-commerce ...
Tags: South Korea, Softbank, Trends, Kim, Coupang, Reuters, Telecom Italia, E Mart, Shinsegae, VC Deals, Vision Fund, SoftBank Group Corp 's Vision Fund, SoftBank Investment Advisers, Bom Kim, Statista But, WeWork Cos Reuters


SoftBank doubles down on Korean online retailer Coupang with $2 billion investment

SoftBank Group Corp's Vision Fund is investing $2 billion in South Korea's top e-commerce firm Coupang, the retailer said on Tuesday, as the loss-making startup girds for battle against rivals backed by the country's cash-rich chaebol.
Tags: South Korea, Money, Softbank, businessNews, Coupang, SoftBank Group Corp s Vision Fund


Korean e-commerce firm Coupang raises $2 billion from SoftBank’s Vision Fund

Just days after a CIA report concluded that Saudi Crown Prince Mohammed bin Salman ordered the murder of journalist Jamal Khashoggi, SoftBank’s Vision Fund — the gargantuan investment vehicle anchored by a $45 billion investment from Saudi Arabia’s PIF sovereign fund — is back in check-writing action. Coupang, Korea’s largest e-commerce firm, revealed today that it has raised $2 billion from the Vision Fund. The investment comes weeks after SoftBank’s stake in Coupang was transferred over ...
Tags: Amazon, Fundings & Exits, Ecommerce, Asia, Washington Post, Saudi Arabia, Softbank, Funding, Tech, Beijing, United States, Korea, Silicon Valley, Cia, Kim, Son


Primary Venture Partners raises $100M to invest in NYC startups

Primary Venture Partners, a seed firm that invests exclusively in New York City startups, has raised a second fund of $100 million. That focus is unusual — even Lerer Hippeau, a firm that’s closely associated with New York, makes some investments outside the region. Primary’s Ben Sun (pictured above with his co-founder Brad Svrluga) said he’s betting, in part, on the New York workforce, particularly “the talent that came into the tech ecosystem post-financial crisis” — a shift that gave the city...
Tags: Startups, New York, New York City, Tech, Walmart, Sun, Venture Capital, Coupang, Primary, Primary Venture Partners, Lerer Hippeau, Steve Schlafman, Kevin Thau, Ben Sun, Brad Svrluga, Svrluga


Schlafman joins Primary Venture Partners as venture partner

New York City-based venture firm Primary Venture Partners has hired Steve Schlafman as venture partner. Previously, Schlafman worked at RRE Ventures and Lerer Hippeau. PRESS RELEASE NEW YORK, May 31, 2018 /PRNewswire/ — New York-focused venture capital firm Primary Venture Partners has tapped Steve Schlafman to join as Venture Partner. Schlafman’s long track record of Seed-stage investing and his staunch belief in NYC’s growing tech scene make him an ideal match for Primary, the only Seed firm o...
Tags: New York, Microsoft, New York City, Trends, People, Coupang, RRE Ventures, Ben, Brad, New Ventures, Primary Venture Partners, Lerer Hippeau, Kraft Group, Steve Schlafman, Schlafman, Brad Svrluga


New York VC Steve Schlafman has a new gig with Primary Venture Partners

Steve Schlafman has been an East Coast investor for roughly a decade — scouring deals for the Kraft Group ahead of joining Lerer Hippeau as an early employee, then spending more than four years as a principal with RRE Ventures before announcing on Twitter, to the surprise of some, that he was leaving the New York firm. Many guessed that Schalfman, like a growing number of people right now, was setting off to create his own venture outfit. Today, Schlafman say it was a consideration and that he d...
Tags: Travel, TC, New York, Venture Capital, Groups, East Coast, Coupang, RRE Ventures, Jet.com, Ben, Brad, Primary Venture Partners, Lerer Hippeau, Kraft Group, Colonna, Jerry Colonna


SparkLabs unveils $50 mln fund

SparkLabs Group is launching a $50 million early-stage fund focused on South Korea. Brian Kang, formerly with Samsung Ventures, will lead the fund. PRESS RELEASE SEOUL, SOUTH KOREA (PRWEB) AUGUST 24, 2017 SparkLabs Group, a network of accelerators and funds, is launching a $50 million early-stage fund (Series A & B) primarily focused on South Korea. The fund will be led by Brian Kang, who was a founding member of Samsung’s first venture capital arm and later led Korea Venture Fund, which was Kor...
Tags: Asia, South Korea, Congress, Softbank, US, Samsung, Trends, Korea, Tencent, Funds, Silicon Valley, Rob, Brian, John, Seoul, Samsung Ventures


Illuminate Ventures expands team with new hire

Illuminate Ventures has appointed Jim Dai as a venture partner. Dai is a former chief technology officer of Coupang and was the founder and CEO of Calm Sea Inc, a portfolio company of Illuminate Ventures. Also, the early-stage venture firm has added Caretha Coleman, Earl Fry and Donna Petkanics to its business advisory council. PRESS RELEASE Illuminate Ventures, a leading early stage venture capital firm, today announced the appointment of new Venture Partner Jim Dai and new Business Advisory Co...
Tags: Angels, Trends, People, Palo Alto, North America, Coupang, Cto, Hawaiian Airlines, Board, Jim, Donna, Earl, University of Hawaii, Dai, Wilson Sonsini Goodrich Rosati, Modsy


UK food delivery service Deliveroo grabs $275K Series E

London-based food delivery service Deliveroo has raised $275,000 in Series E funding. Bridgepoint, DST Global and General Catalyst Partners led the round with participation from Greenoaks Capital. PRESS RELEASE London, 5 August 2016: Deliveroo, the global on-demand food delivery service, today announces a $275 million Series E investment, led by Bridgepoint, existing investor DST Global, and General Catalyst with participation from existing investor Greenoaks Capital. Since its Series D round in...
Tags: Europe, Coco, UK, London, India, Trends, Frankfurt, United States, United Kingdom, Shanghai, Coupang, General Catalyst, Warby Parker, DST Global, Yuri Milner, Deliveroo


UK food delivery service Deliveroo grabs $275 mln Series E

London-based food delivery service Deliveroo has raised $275 million in Series E funding. Bridgepoint, DST Global and General Catalyst Partners led the round with participation from Greenoaks Capital. Overall, the company has raised a total of $475 million. PRESS RELEASE London, 5 August 2016: Deliveroo, the global on-demand food delivery service, today announces a $275 million Series E investment, led by Bridgepoint, existing investor DST Global, and General Catalyst with participation from exi...
Tags: Europe, Coco, UK, London, India, Trends, Frankfurt, United States, United Kingdom, Shanghai, Coupang, General Catalyst, Warby Parker, DST Global, Yuri Milner, Deliveroo


Can South Korean startups (and the government) save its flailing giant tech conglomerates?

 With 17 percent of the GDP, it’s fair to say that Samsung is South Korea, or at least has represented it on the global business stage for the last decade or so. But for the last year or so, with the contraction of the global economy and the dynamism of Chinese and Indian competitors in the smartphone industry, the giant chaebols of Korea have experienced difficulty. Read More
Tags: Google, TC, Column, Asia, South Korea, Government, Samsung, Tech, Xiaomi, Korea, 500 Startups, Baedal Minjok, Coupang, Kakao Talk, Micromax, Gangnam


SoftBank Is Building A Portfolio Of Asia’s Most Important E-Commerce Companies

 It’s getting increasing difficult to call SoftBank a Japanese telecom company. While that description reflects its core business, the company has a multitude of large investments out of its home turf, and across a range of different verticals, predominantly commerce. Read More
Tags: Asia, Softbank, Coupang, Goodwater-capital


SoftBank Invests $1 Billion In Korean E-Commerce Firm Coupang

 June is already looking like a big month for SoftBank. Just days after upping its stake in billion dollar gaming startup Supercell, the Japanese telecom giant revealed it is investing a cool $1 billion in Korea’s top e-commerce firm Coupang. Read More
Tags: Fundings & Exits, TC, Asia, Softbank, Korea, Coupang


SoftBank Invests $1B In Korean E-Commerce Firm Coupang At A $5B Valuation

 June is already looking like a big month for SoftBank. Just days after upping its stake in billion dollar gaming startup Supercell, the Japanese telecom giant revealed it is investing a cool $1 billion in Korea’s top e-commerce firm Coupang. Read More
Tags: Fundings & Exits, TC, Asia, Softbank, Korea, Coupang


Korean E-commerce Leader Coupang Raises $300M Led By BlackRock

 Seoul-based Coupang, an online retailer, announced today that it has raised an impressive $300 million in new funding led by BlackRock Private Equity Partners, with participation from Wellington Management Company, LLP, Greenoaks Capital Management, and Rose Park Advisors. Read More
Tags: Fundings & Exits, Startups, TC, Asia, South Korea, E-commerce, Seoul, Coupang, Blackrock, BlackRock Private Equity Partners