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SoftBank Backs Steven Mnuchin's $2.5 Billion Private Equity Fund

(Reuters) -SoftBank Group will invest in a $2.5 billion private equity fund set up by former U.S. Treasury secretary Steven Mnuchin, the Japanese...
Tags: Softbank, U S Treasury, Steven Mnuchin, Reuters SoftBank Group


SoftBank Backs Steven Mnuchin's $2.5 Billion Private Equity Fund - FT

(Reuters) -Japanese conglomerate SoftBank Group's Vision Fund had invested in a $2.5 billion private equity fund set up by former U.S. Treasury...
Tags: Softbank, Reuters, Steven Mnuchin, SoftBank Group s Vision Fund


Japan, Singapore, perhaps the whole world.... Get ready for robot waiters from Softbank and Keenon

Automation is the answer to labor shortages, social distancing, apparently SoftBank Robotics (SBRG) and China's Keenon Robotics are teaming up to make robot waiters the norm in Japan and Singapore, both companies announced on Monday.…
Tags: Japan, China, Singapore, Softbank, Software, Japan Singapore, Keenon, SoftBank Robotics SBRG, Keenon Robotics


Take 2: WeWork sets merger date to take coworking company public

The coworking company is making another run at going public, setting a date for a merger with BowX Acquisition Corp.
Tags: Ipo, Softbank, Investing, Radio, WeWork, New York Stock Exchange, Merger, Industry News, SPAC, Going Public, BowX Acquisition Corp


Fintech startup Revolut to take on rivals like Robinhood with commission-free trades amid retail investing boom

Revolut CEO Nikolay Storonsky Kimberly White/Getty Images for TechCrunch Revolut plans to offer commission-free stock trading to US clients to take on rivals like Robinhood, CNBC first reported. The firm - valued at $33 billion - has secured a US broker-dealer license, which took 16 months to obtain. The firm, founded in 2015, has quickly grown to be one of the most prominent fintech players in Europe. See more stories on Insider's business page. Fintech firm Revolut plans to offer com...
Tags: Europe, UK, London, Singapore, Softbank, US, Trends, Markets, New Jersey, Crypto, Stock, Robinhood, Stock Trading, Fintech, Cnbc, Revolut


Elliott under fire - Deutsche poaches BNP exec - SoftBank's Miami digs

Welcome to Insider Finance. If this was forwarded to you, sign up here. Plus, download Insider's app for news on the go - click here for iOS and here for Android.On the agenda today:Union groups take aim at activist hedge fund Elliott Management.Deutsche Bank poaches distressed vet from BNP Paribas.SoftBank's close to inking a new office in Miami.Let's get started.Unions target activist fund Elliott Management for underperformance CNBC/Getty Images A new report from union gro...
Tags: Florida, Microsoft, Finance, Softbank, US, Newsletter, Trends, Bloomberg, Credit Suisse, BNP Paribas, Deutsche Bank, Miami, Silicon Valley, University Of California Berkeley, Trump, Bnp


10 things in tech you need to know today

Matt Rourke/AP Photo Welcome to 10 Things in Tech. If this was forwarded to you, sign up here.Plus, download Insider's app for news on the go - click here for iOS and here for Android.Let's get into it.1. Amazon's AI-powered cameras reportedly punish drivers when other cars cut them off. Delivery drivers can also face punishment for using side mirrors, which can hurt their chances of earning more money, per Motherboard. Read the full story on how Amazon's delivery vans p...
Tags: Apple, Amazon, Twitter, Florida, Microsoft, France, Softbank, US, Newsletter, Trends, Tech, Tesla, Miami, SEC, Silicon Valley, Coinbase


WeWork is set to go public via a SPAC deal in October - 2 years after its disastrous IPO attempt

Spencer Platt/Getty Images WeWork plans to go public in October, two years after its IPO attempt ended in disaster. WeWork intends to secure a stock-market listing by merging with a blank-check company. The coworking giant will list its shares on the New York Stock Exchange under the "WE" symbol. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. WeWork is planning to join the stock market around October 21, more than two years after its IPO attempt ended in disaste...
Tags: Ipo, Softbank, Trends, Nba, Bill Ackman, WeWork, New York Stock Exchange, Neumann, SPAC, Adam Neumann, Shaquille O Neal, Shalini Nagarajan, BowX Acquisition Corp, Opening Bell WeWork, Spencer Platt Getty Images WeWork


SoftBank Leads $680 Million Funding Round in NFT Fantasy Soccer Game Sorare

By Elizabeth HowcroftLONDON (Reuters) - Blockchain-based fantasy soccer game Sorare has raised $680 million in a funding round led by SoftBank,...
Tags: Softbank, Elizabeth HowcroftLONDON Reuters Blockchain


Sorare raises $680 million for its fantasy sports NFT game

French startup Sorare has announced that it has raised a significant funding round. SoftBank's Vision Fund 2 has led a $680 million Series B round, which values the company at $4.3 billion. Sorare has built a fantasty football (soccer) platform based on NFTs, or non-fungible tokens. Each digital card is registered as a unique token on the Ethereum blockchain. Players can buy and sell cards from other players. Transactions are all recorded on the Ethereum blockchain. What makes Sorare unique ...
Tags: Europe, Softbank, Tech, Nba, Juventus, NFT, Real Madrid Liverpool, LionTree, SoftBank s Vision Fund, Sorare, Nicolas Julia, Atomico Bessemer Ventures D1 Capital Eurazeo IVP


SoftBank’s Marcelo Claure is coming to Disrupt next week

SoftBank has been on a tear in Latin America. The Japanese investment conglomerate just announced it has launched its second Latin America-focused fund with a $3 billion capital commitment from the company that may grow as the fund explores “options to raise additional capital,” according to SoftBank. The vehicle follows hot on the heels of SoftBank’s debut Latin America-focused fund, announced in March 2019 with an initial $2 billion in committed capital. It’s easy to see what all the fuss is a...
Tags: TC, Softbank, Events, Tech, Mexico City, Venture Capital, Ryan Reynolds, Latin America, Boston Dynamics, Bolivia, SoftBank Group Corp, Adam Neumann, Claure, IRR, Mobile US, Marcelo Claure


SoftBank's Vision Fund Sold 57 Million Coupang Shares for $1.69 Billion

TOKYO (Reuters) - SoftBank Group's Vision Fund sold 57 million shares in South Korean e-retailer Coupang Inc for about $1.69 billion, according to...
Tags: Softbank, Tokyo, Coupang Inc, Reuters SoftBank Group s Vision Fund


Boeing Names New Government Operations Chief

By David ShepardsonWASHINGTON (Reuters) -Boeing Co named a former senior Ford Motor Co and Softbank executive as its head of government affairs as...
Tags: Softbank, Boeing, Ford Motor Co, Reuters Boeing Co, David ShepardsonWASHINGTON


SoftBank deepens commitment to LatAm with two new partners focused on early-stage investing

In March 2019, SoftBank Group International made headlines when it announced the SoftBank Innovation Fund, which started out with a $2 billion commitment to invest in tech startups in Latin America. A lot has changed since then. SoftBank changed the name of the fund to the SoftBank Latin America Fund, or LatAm Fund for short. The Japanese investment conglomerate has dramatically ramped up its investing in the region, and so have a number of other global investors. In fact, venture capit...
Tags: Amazon, Startups, Mexico, Softbank, Funding, US, San Francisco, Tech, Venture Capital, Brazil, Argentina, Remove From TC River, Latin America, Early Stage, Crunchbase, Mckinsey


Two years after launching, Inspired Capital has closed its second fund with $281 million

Inspired Capital, the New York-based early-stage venture firm that was founded in 2019 by entrepreneurs Alexa von Tobel and Penny Pritzker, is today announcing the close of their second fund with $281 million in capital commitments, an amount that brings the firm’s total assets under management to nearly half a billion dollars. (Inspired raised $200 million for its debut fund.) We talked earlier this week with von Tobel about the portfolio of 25 companies that her firm — which also counts as cof...
Tags: TC, New York, Softbank, Tech, Venture Capital, West Coast, Lucy, Penny, Mark, Bogota Colombia, Penny Pritzker, Alexa von Tobel, Tobel, Orum, Brynne McNulty Rojas, Mark Batsiyan


Two years after launching, Inspired Capital has finished raising its second fund

Inspired Capital, the New York-based early-stage venture firm that was founded in 2019 by entrepreneurs Alexa von Tobel and Penny Pritzker, is today announcing the close of their second fund with $281 million in capital commitments, an amount that brings the firm’s total assets under management to nearly half a billion dollars. (Inspired raised $200 million for its debut fund.) We talked earlier this week with von Tobel about the portfolio of 25 companies that her firm — which also counts as cof...
Tags: Startups, TC, New York, Softbank, Venture Capital, West Coast, Lucy, Penny, Mark, Bogota Colombia, Penny Pritzker, Alexa von Tobel, Tobel, Orum, Brynne McNulty Rojas, Mark Batsiyan


Sendcloud nabs $177M led by SoftBank to double down on SaaS — shipping as a service

E-commerce has undoubtedly seen a huge boost in growth in the last year and a half of Covid-19 living, with people turning to the web and apps to shop for essentials and not-so-essentials to keep their social distance, and using delivery services to receive their goods rather than picking things up in person. Today, a Dutch startup called Sendcloud that has built a service to help retailers with the latter of these — providing a cloud-based to easily organize and carry out shipping services by c...
Tags: Amazon, TC, Europe, Softbank, Tech, Rob, Shippo, Amazon FBA, Christopher North, Eindhoven Netherlands, Catterton, SoftBank Vision Fund, SoftBank Investment Advisers, Van Den Heuvel, Yanni Pipilis, Sendcloud


Inside Compass’ recruiting machine

For full functionality of this site it is necessary to enable JavaScript. Please Allow Javascript and reload this page. Inside Compass’ recruiting machine “When we want someone, we go after them from every angle possible.” New York / (Illustration by Lexi Pilgrim for The Real Deal) UPDATED, Feb. 13, 9:38 a.m.: Residential brokerages in New York woke up on Dec. 7 with 450 million new reasons to fear Compass. Softbank’s cash infusion in that amount accelerated the firm’s nationwide growth tim...
Tags: Travel, Google, New York, Softbank, Chicago, Queens, Manhattan, Dallas, Fifth Avenue, Compass, Upper West Side, Derek Smith, Lewis, Greenberg, Brian Lewis, Douglas Elliman


SoftBank Makes First #Saudi Deal Together With Wealth Fund’s Unit - Bloomberg

SoftBank Makes First Saudi Deal Together With Wealth Fund’s Unit - Bloomberg SoftBank Group Corp. has made its first investment in a company based in Saudi Arabia, partnering with a unit of the kingdom’s sovereign wealth fund to lead a $125 million financing for customer communication platform Unifonic.Proceeds will be used to fund growth in the Middle East and expansion into Asia and Africa, Unifonic co-founder and Chief Executive Officer Ahmed Hamdan said in an interview. The company will al...
Tags: Travel, Asia, Saudi Arabia, Softbank, Bloomberg, Middle East, United Arab Emirates, Dubai, Rupert Neil Bumfrey, Ahmed Hamdan, Bloomberg SoftBank Group Corp, Africa Unifonic, Trendyol SoftBank


SoftBank CEO Son Says Smart Robots Can Revitalise Japan Growth, Competitiveness

TOKYO (Reuters) - SoftBank Group Corp Chief Executive Masayoshi Son on Wednesday said so-called smart robots can revitalise Japan's economy and...
Tags: Japan, Softbank, Tokyo, Masayoshi Son, Reuters SoftBank Group Corp


Pacaso raises $125M with Softbank-led Series C round

The company's model allows multiple parties to co-own luxury second-homes in locations such as Lake Tahoe, Aspen, Napa and Malibu. It operates in 25 markets to date.
Tags: Technology, Softbank, Radio, Luxury, Zillow, Malibu, Dotloop, Austin Allison, Spencer Rascoff, Select, News Brief, Second Homes, Luxury Vacation Homes, Property Portfolio, Luxury Lens, Craig. C. Rowe


SoftBank’s latest proptech bet is leading Pacaso’s $125M Series C

Less than six months after raising $75 million, Pacaso — a real estate platform which aims to help people buy and co-own a second home — announced today that it has raised $125 million at a $1.5 billion valuation. SoftBank Vision Fund 2 led the Series C funding round for Pacaso, which essentially went from “launch to unicorn” in five months earlier this year and is pronounced like Picasso. New backers Fifth Wall and Gaingels also participated in the financing, along with existing backers ...
Tags: Oregon, Softbank, Tech, Spain, Park City, Zillow, Austin Allison, Allison, Jett, Spencer Rascoff, Rascoff, SoftBank Vision Fund, Lydia Jett, Allison It, Gaingels, Pacaso


Sendoso nabs $100M as its corporate gifting platform passes 20,000 customers

Corporate gift services have come into their own during the Covid-19 pandemic by standing in as a proxy for other kinds of relationship building activities — office meetings, lunches, and hosting at events — that have traditionally been part and parcel of how people do business, but were no longer feasible during lockdowns, social distancing and offices closing their doors. Now, Sendoso — a popular “end-to-end” gifting platform offering access to 30,000 products including corporate swag, regular...
Tags: Amazon, Business, Enterprise, Ebay, Softbank, Funding, Marketing, San Francisco, Gift, Tech, Amazon.com, Ceo, Economy, Companies, Comcast, Ireland


SoftBank Renews Bet on Latin America With $3 Billion Fund

By Carolina MandlSAO PAULO (Reuters) - SoftBank Group Corp on Tuesday launched a $3 billion fund to invest in technology companies in Latin America...
Tags: Softbank, Latin America


SoftBank commits $3B more to investing in Latin American tech companies

SoftBank Group Corp. is doubling down on its commitment to Latin America. Today, the Japanese investment conglomerate is announcing the launch of the SoftBank Latin America Fund II, its second dedicated private investment fund focused on tech companies located in LatAm. SoftBank is launching the new fund with an initial $3 billion commitment. “Fund II will explore options to raise additional capital,” SoftBank said in a statement. The new fund builds upon SoftBank’s $5 billion Latin Ameri...
Tags: Fundings & Exits, Startups, Mexico, Softbank, Funding, San Francisco, Tech, Venture Capital, Brazil, Ecuador, Latin America, Marcelo, SoftBank Group Corp, Masayoshi Son, Claure, IRR


Nubank Partners With SoftBank-Backed Lending Fintech Creditas

SAO PAULO (Reuters) - Brazilian financial startup Nubank has formed a partnership with SoftBank-backed lending fintech Creditas to offer loans to...
Tags: Softbank, Nubank, Reuters


Brandy Melville employees say the fast-fashion brand is built on exploitation and discrimination

Hello!Welcome to this weekly roundup of stories from Matt Turner, Insider's co-Editor in Chief of business. Subscribe here to get this newsletter in your inbox every Sunday. Plus, download Insider's app for news on the go - click here for iOS and here for Android.Here's what we're going over today:Brandy Melville staffers describe racism and Hitler memes as part of a company culture built on exploitation. Former employees of elite real-estate broker Darcy Stacom say the skyscrape...
Tags: Apple, Amazon, New York, Massachusetts, Softbank, New York City, US, Trends, Afghanistan, New York Times, Hsbc, Silicon Valley, Pfizer, Andreessen Horowitz, Hitler, KKR


Compass adds first independent director to board

For full functionality of this site it is necessary to enable JavaScript. Please Allow Javascript and reload this page. Compass adds first independent director to board SoftBank’s Vision Fund focusing on corporate governance after WeWork’s bungled IPO National / Pamela Thomas-Graham and, from left, Robert Reffkin, Ori Allon and Justin Wilson Under SoftBank’s eye, Compass has added an independent director to its board. Pamela Thomas-Graham, a banking, fashion and media executive, will be the...
Tags: Travel, New York, Softbank, Credit Suisse, WeWork, Compass, Liz Claiborne, McKinsey Co, Justin Wilson, Thomas Graham, Allon, Vision Fund, Robert Reffkin, Ori Allon, Kristen Ankerbrandt, Peloton Interactive


Adam Neumann looks to sell Gramercy penthouse

For full functionality of this site it is necessary to enable JavaScript. Please Allow Javascript and reload this page. Adam Neumann looks to sell Gramercy penthouse Neumann bought four units at 78 Irving Place for $35M in 2017 New York / Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy) The price could come out to five “We” trademarks. Former WeWork CEO Adam Neumann is looking to sell his triplex penthouse at 78 Irving Place, Bloomberg reported. The former SoftBank dar...
Tags: Travel, New York, Ipo, Softbank, San Francisco, Bloomberg, Getty Images, WeWork, Neumann, Hampton, Greenwich Village, Adam Neumann, Irving Place, Kevin Sun, Rebekah Paltrow Neumann, Wendy Silverstein


Anatomy of a SPAC: Inside Better.com’s ambitious plans

When executives at online mortgage company Better.com decided to take their company public earlier this year, they elected not to go the traditional IPO route or direct listing. Instead, Better will hit the public markets by merging with blank-check company Aurora Acquisition Corp in a SPAC deal that values it at $7.7 billion. While the stock performance of post-merger SPAC companies has been shaky at best this year, the team at Better believed they were getting a preferable deal through their c...
Tags: Startups, TC, Real Estate, Housing, Finance, Ipo, Softbank, Mortgages, Better, Aurora, SPAC, Garg, Better Mortgage, Vishal Garg, Sarah Pierce, Better.com