Posts filtered by tags: SoftBank Vision Fund[x]


 

Uber’s self-driving car unit raises $1B from Toyota, Denso and Vision Fund ahead of spin-out

Uber’s has confirmed it will spin out its self-driving car business after the unit closed $1 billion in funding from Toyota, auto-parts maker Denso and SoftBank’s Vision Fund. The development has been speculated for some time — as far back as October — and it serves to both remove a deeply-unprofitable unit from the main Uber business: helping Uber scale back some of its losses, while giving Uber’s Advanced Technologies Group (known as Uber ATG) more freedom to focus on the tough challenge of br...
Tags: Uber, Japan, Ipo, Softbank, Tech, Automotive, Toyota, ATG, DENSO, Dara Khosrowshahi, SoftBank Vision Fund, Vision Fund, Uber s Advanced Technologies Group, Uber ATG, Shigeki Tomoyama, Toyota Group


Equity Shot: A deep dive into the Uber S-1

 Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. It’s time for another Equity Shot, a quick-take episode centered around a breaking news event. This time, as you already guessed, Kate Clark and I sat down to dig into the Uber S-1. It’s a huge, complex document, but we did our best to summarize what’s inside. First, we talked through yearly results, looking back a half-decade into Uber’s revenue growth. In t...
Tags: Apple, Startups, TC, Transportation, Uber, Finance, Ipo, Softbank, Chief executive officer, Tech, Economy, Transport, Venture Capital, Commuting, Travis Kalanick, Carsharing


Travis Kalanick stands to make billions from Uber’s IPO

Uber co-founder Travis Kalanick, who resigned from the company in 2017, still stands to make billions in the company’s intial public offering, expected in May. The ride-hailing giant dropped its S-1 this afternoon, confirming plans to trade on the New York Stock Exchange under the ticker symbol “Uber.” The company did not disclose the valuation it’s seeking, but is said to be planning to sell around $10 billion in stock. The filing highlights Uber’s key stockholders, including Kalanick, wh...
Tags: Fundings & Exits, Transportation, Uber, Business, Saudi Arabia, Ipo, Softbank, Tech, United States, Transport, Venture Capital, Commuting, Travis Kalanick, New York Stock Exchange, Kalanick, Carsharing


WTF is Baillie Gifford?

The SoftBank Vision Fund has been screaming from the venture headlines the last few months, driven by eye-popping rounds (and valuations!) into some of the most notable startups around the world. Yet, SoftBank isn’t the only player rapidly buying up the cap tables of top startups. Indeed, another firm, more than a century old, has been fighting for that late-stage equity crown. Baillie Gifford . … Who the what? When our fintech contributor Gregg Schoenberg interviewed Charles Plowden, the f...
Tags: Wtf, Softbank, Tech, Silicon Valley, Naspers, Baillie Gifford, Edinburgh Scotland, Amazon Google, NIO, SoftBank Vision Fund, Plowden, Gregg Schoenberg, Charles Plowden, Tesla Airbnb Spotify, Alibaba More, Pitchbook Baillie Gifford


Travel activities and services booking platform Klook racks up $225 mln

Klook, a travel activities and services booking platform, has secured $225 million in Series D+ funding. The SoftBank Vision Fund led the round with participation from return backers including Sequoia China, Matrix Partners, TCV and OurCrowd. PRESS RELEASE HONG KONG, APRIL 9, 2019 — Klook, a world leading travel activities and services booking platform, today announced it has raised US$225M in Series D+ funding. This increases the company’s total Series D funding round to US$425M. The SoftBank V...
Tags: Google, Hong Kong, Europe, Japan, US, Trends, United States, Tokyo, Klook, Rail Europe, SoftBank Group, Australia Europe, VC Deals, SoftBank Vision Fund, SoftBank Investment Advisers, Klook Klook


SoftBank-backed Grab targets $2 billion more in funding this year in big business push: Reuters

SINGAPORE (Reuters) – Grab aims to raise another $2 billion this year as it ramps up expansion, its chief executive said, just weeks after announcing over $4.5 billion of funding in what has become Southeast Asia’s largest round of private financing. “We expect to raise $6.5 billion of total capital this year,” Anthony Tan said on Monday in an interview, in which he laid out Grab’s strategy to become an app-for-everything in Southeast Asia – home to about 650 million people. Grab later said in a...
Tags: Indonesia, Southeast Asia, Singapore, Softbank, Trends, Harvard, Reuters, SoftBank Group Corp, Uber Technologies Inc, Tan, Alphabet Inc, Hyundai Motor Co, Masa, Indonesia Reuters, VC Deals, Anthony Tan


Nuro CEO Dave Ferguson at TC Sessions: Mobility on July 10 in San Jose

Autonomous delivery startup Nuro, fresh with nearly $1 billion in capital from SoftBank, is bursting with ideas — as some recent patent filings (and our recent deep dive into the company) suggest. And we can’t wait to learn more about what Nuro has planned. It’s only fitting that Nuro co-founder and CEO Dave Ferguson is our first announced guest for TechCrunch’s inaugural TC Sessions: Mobility, a one-day event on July 10, 2019 in San Jose, Calif., that’s centered around the future of mob...
Tags: Google, Transportation, Mississippi, California, China, Softbank, Events, Tech, Intel, Engineer, Automotive, Electric Vehicles, Darpa, Machine Learning, Ferguson, San Jose


SoftBank Vision Fund to Join $300 Million Round in Robot Startup

Cloudminds, which last raised money in 2017 at a $440 million valuation, aims to sell half a million of its robots this year to Chinese customers from banks and malls to hospitals, Chief Financial Officer Richard Tang said in an interview. The latest funds will bankroll, among other things, the expansion of a $20 million production line it’s building in Shanghai that should kick off output in June or July, he said during the Credit Suisse Asian Investment conference. Its signature machine is t...
Tags: Science, Shanghai, SoftBank Vision Fund, Robot Startup, Richard Tang, Credit Suisse Asian Investment


Transportation weekly: Nuro dreams of autonomous lattes, what is a metamaterial, Volvo takes the wheel

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. We love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Read the first edition here.  As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see it each week. An email subscription is coming! This week, we’re shoving as much transportation news, tidbits and insights in here as possible in ho...
Tags: Transportation, Lyft, Uber, Elon Musk, Florida, Wtf, New York, Indonesia, California, Boston, Singapore, Softbank, US, San Francisco, Tech, Earnest


Delhivery raises $413 million in Softbank-led funding

Indian supply chain solutions company Delhivery has raised fresh investment of $413 million in a financing round led by the Softbank Vision Fund, they said in a joint statement on Sunday.
Tags: Money, Softbank, businessNews, Delhivery, SoftBank Vision Fund


How Nuro plans to spend Softbank’s $940 million

Autonomous delivery startup Nuro is bursting with ideas since SoftBank invested nearly $1 billion in February, new filings reveal. A recent patent application details how its R1 self-driving vehicle could carry smaller robots to cross lawns or climb stairs to drop off packages. The company has even taken the step of trademarking the name “Fido” for delivery services. “We think there’s something neat about that name,” Nuro founder Dave Ferguson told TechCrunch. “It’s friendly, neigh...
Tags: Google, Amazon, Transportation, Lyft, Uber, Texas, California, China, Softbank, Tech, E-commerce, Ces, Cruise, Automotive, Automation, Arizona


Transportation Weekly: Uber’s spending habits, Tesla Model Y, scooters and AVs in Austin

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. We love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Catch up by reading the first edition here or check out , which offered the gamut of mobility news from Lyft and Bird to Waymo’s laser bears and cybersecurity. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see it each week. An...
Tags: Transportation, Lyft, Uber, Washington, Softbank, Israel, Los Angeles, San Francisco, Tech, Tesla, Bloomberg, E-commerce, AV, Artificial Intelligence, Austin, Automotive


Pi Day wasn’t pleasant for a lot of tech execs

Pi Day is apparently New Job day for tech execs and VCs these days. Leaving: Lee Fixel It’s not every day that one of the top VC investors heads out from their shop. TechCrunch’s @cookie aka Connie Loizos has the story: Lee Fixel, the low-flying head of Tiger Global’s private equity business, is leaving at the end of June, the firm announced today in a letter sent to clients and seen by Reuters . Scott Shleifer and Chase Coleman will continue as co-managers of the portfolios Fixel has oversee...
Tags: Google, Facebook, Asia, Finance, Ipo, India, Softbank, Digital, America, Tech, Tesla, Walmart, Harvard, United States, Credit Suisse, Korea


Daily Crunch: Telegram soars after Facebook outage

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Telegram gets 3M new signups during Facebook apps’ outage In a message sent to his Telegram channel, founder Pavel Durov wrote, “I see 3 million new users signed up for Telegram within the last 24 hours.” Durov doesn’t offer an explicit explanation for Telegram’s sudden spike in signups, but he does ta...
Tags: Google, Social, Mobile, Facebook, Mark Zuckerberg, Singapore, Tech, Nasa, Telegram, Wall Street Journal, Pavel Durov, Durov, SoftBank Vision Fund, WeWork Labs, Daily Crunch


Uber said to be raising $1B at a $10B valuation for its self-driving car unit

Uber is in negotiations with investors, including the SoftBank Vision Fund, to secure an investment as large as $1 billion for its autonomous vehicles unit. The deal would value the business at between $5 billion and $10 billion, according to a Tuesday report from The Wall Street Journal. Uber declined to comment. The news comes shortly after TechCrunch’s Mark Harris revealed the ridehailing firm was burning through $20 million a month on developing self-driving technologies, which means, acc...
Tags: Google, TC, Transportation, Lyft, Uber, Softbank, Funding, Tech, Economy, AV, United States, Transport, Venture Capital, Toyota, The Wall Street Journal, WSJ


Uber reportedly raising $1B in deal that values self-driving car unit at up to $10B

Uber is in negotiations with investors, including the SoftBank Vision Fund, to secure an investment as large as $1 billion for its autonomous vehicles unit. The deal would value the business at between $5 billion and $10 billion, according to a Tuesday report from The Wall Street Journal. Uber declined to comment. The news comes shortly after TechCrunch’s Mark Harris revealed the ridehailing firm was burning through $20 million a month on developing self-driving technologies, which means, acc...
Tags: Google, Startups, TC, Transportation, Lyft, Uber, Softbank, Funding, Economy, AV, United States, Transport, Venture Capital, Toyota, The Wall Street Journal, WSJ


SoftBank’s Son finds more love for early-stage investing, new fund planned: Reuters

SoftBank Group Corp has expanded its appetite for early-stage startups, with a venture capital unit set to launch its biggest fund for early investments as it opens new offices in Asia. The global fund from newly rebranded Seoul-based SoftBank Ventures Asia will be worth as much as $500 million and could launch next month, its CEO JP Lee told Reuters in an interview. By contrast, the average size of similar funds raised last year was just over $100 million, according to data provider Preqin. Sof...
Tags: Asia, South Korea, Japan, China, Singapore, Softbank, Tel Aviv, Trends, Shanghai, Alibaba, Tokyo, Funds, Son, Seoul, Jack Ma, Latin America


Grab confirms $1.46B investment from SoftBank’s Vision Fund

Grab has become the newest addition to the SoftBank Vision Fund after it announced today that it has pulled in a $1.46 billion investment from the super fund. Grab said the new money will be used to further its super app strategy, which is aimed at making its service a daily app for Southeast Asian consumers. The deal — which was first reported by TechCrunch in December — takes Grab’s ongoing Series H round to $4.5 billion. Other investors in that round include Toyota, Booking Holdings, Micro...
Tags: Travel, Asia, Microsoft, Southeast Asia, Collaborative Consumption, Softbank, Companies, Vodafone, Transport, Toyota, Financial Services, Hyundai, Coupang, Carsharing, SoftBank Group, Tokopedia


2019 US VC funds take a more boutique approach

Joanna Glasner Contributor More posts by this contributor VCs aren’t falling in love with dating startups Where seed and early-stage funding is growing, contracting or holding steady Over the past year, we’ve written a lot about the rise of supergiant venture capital funds. Ever since the rollout of the $100 billion SoftBank Vision Fund, established VCs have been outdoing each other to raise ever-bigger funds. But let’s not write the epita...
Tags: TC, Column, New York, California, China, Boston, Softbank, San Francisco, Tech, Venture Capital, SEC, Silicon Valley, Mary Meeker, Menlo Ventures, Kleiner Perkins, Spark Capital


WeWork confirms it has laid off 300 employees

Co-working juggernaut WeWork (now known as the We Company) has laid off 3 percent of its global workforce, or roughly 300 employees, the company told TechCrunch. The heavily funded business, most recently valued at a whopping $47 billion, employs 10,000 people around the world. Headquartered in New York, the layoffs were performance-related, part of the company’s routine process of shedding underperformers. Among the departments impacted by the cuts were WeWork’s engineering team, product and...
Tags: Startups, TC, New York, Tech, Venture Capital, WeWork, Personnel, Coworking, SoftBank Vision Fund, TechCrunch WeWork


Why can’t we build anything? (Part 2)

One of the major themes we are working on these days at the Extra Crunch Daily is trying to understand why America and many other Western nations can’t seem to build infrastructure anymore. The answers are complicated but critical: our infrastructure is decrepit, climate change is intensifying, and population growth will put even more strain on existing facilities. In our first part in this series, we wrote about a book entitled Politics across the Hudson, which was written by Phil Plotch. He fo...
Tags: Asia, Congress, California, France, La, Government, China, Wikipedia, India, Softbank, US, America, Tech, Policy, Cities, Infrastructure


SoftBank to invest $1.5 bln in Chehaoduo

SoftBank Vision Fund has agreed to invest $1.5 billion in Chehaoduo Group. Based in China, Chehaoduo is a platform for integrated automotive retail services in the used car sector. Source: Press Release
Tags: Softbank, Trends, VC Deals, SoftBank Vision Fund, Chehaoduo, Chehaoduo Group Based in China Chehaoduo


Why longer term sheets are better

Recently in a conversation, the length of term sheets came as a topic (I assure you, it was a riveting conversation). The complaint was that a term sheet which had recently been received was too long, and therefore the VC who sent it wasn’t being founder friendly. The travails of successfully raising money! Actually though, a longer term sheet is much more founder friendly and good business practice, and founders should be leery of VCs bearing short contracts. Historically (i.e. about 6 years ag...
Tags: Amazon, Asia, Japan, California, Saudi Arabia, Government, China, Ipo, India, Softbank, US, Tech, Intel, Steam, Beijing, Brooklyn


Transportation Weekly: Tesla astroturfs, Softbank flexes, BMW and Daimler hookup, What is a Jelbi?

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. This is the third edition of our tome, I mean newsletter, and this week let’s settle in for a mind meld on why logistics is the new Hansel, a curious Tesla subsidiary, and discover a new mobility species called the Jelbi. Never heard of TechCrunch’s Transportation Weekly? Catch up here and here. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkoros...
Tags: Apple, Google, Amazon, Transportation, Asia, Elon Musk, Berlin, Softbank, Los Angeles, San Francisco, Tech, Tesla, Canada, Automotive, Geneva, Bmw


Startups Weekly: Flexport, Clutter and SoftBank’s blood money

The Wall Street Journal published a thought-provoking story this week, highlighting limited partners’ concerns with the SoftBank Vision Fund’s investment strategy. The fund’s “decision-making process is chaotic,” it’s over-paying for equity in top tech startups and it’s encouraging inflated valuations, sources told the WSJ. The report emerged during a particularly busy time for the Vision Fund, which this week led two notable VC deals in Clutter and Flexport, as well as participated in Doo...
Tags: Startups, TC, Lyft, Uber, Y Combinator, Hong Kong, London, Pinterest, Saudi Arabia, Softbank, San Francisco, Startup, Tech, Venture Capital, Tencent, The Wall Street Journal


Blockchain is solid, in that there is no liquidity

The quality of a financial market is driven by liquidity. Companies want to list on the NYSE, because that’s where the most financial investors in the world are located, and the thicker the market for investors, the better the valuations for companies. The NYSE has “problems” though — its closed most hours of the week, for instance, because humans are lazy, and it has a bunch of rules on what can be listed and how. So blockchain! Blockchain solves this liquidity problem by allowing traders to op...
Tags: Travel, Google, Asia, UK, New York, Sweden, Congress, Indonesia, Washington Post, Saudi Arabia, China, Southeast Asia, India, Softbank, New York City, Israel


Clutter rakes in $200 mln Series D

Clutter, a tech-enabled, on-demand storage company, has raised $200 million in Series D funding. SoftBank Vision Fund led the round with participation from Sequoia, Atomico, GV, Fifth Wall and Four Rivers. Source: Press Release
Tags: Trends, VC Deals, SoftBank Vision Fund, Sequoia Atomico GV Fifth Wall


SoftBank invests in Mubadala’s new $400 mln European tech fund: Reuters

Japan’s SoftBank Group has provided nearly half of the cash for Abu Dhabi’s state investor Mubadala Investment Co’s new $400 million fund investing in European start-ups, Reuters reported, citing a source familiar with the matter. Mubadala, which has committed to invest $15 billion in SoftBank’s Vision Fund, last week announced that Mubadala Ventures was planning to launch a $400 million technology-focused European fund this year. Softbank and Mubadala declined to comment on the news, first repo...
Tags: Japan, London, Saudi Arabia, Softbank, San Francisco, Trends, Funds, Abu Dhabi, Financial Times, Reuters, SoftBank Group Corp, SoftBank Group, Mubadala, Mubadala Investment Co, Mubadala Investment, SoftBank Vision Fund


Daily Crunch: SoftBank bets big on autonomous delivery

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. SoftBank’s next bet: $940M into autonomous delivery startup Nuro Nuro has raised $940 million in financing from the SoftBank Vision Fund, a whopping amount that will be used to expand its delivery service, add new partners, hire employees and scale up its fleet of self-driving bots. The autonomous ...
Tags: Apple, Amazon, Spotify, Saudi Arabia, Softbank, Tech, Getty Images, Netflix, Automotive, Va, Health Records, Jeff Bezos, Sunday Times, Equity, Instacart, Mobile World Congress


Softbank’s next bet: $940M into autonomous delivery startup Nuro

Nuro, the autonomous delivery startup, has raised $940 million in financing from the Softbank Vision Fund, a whopping amount that will be used to expand its delivery service, add new partners, hire employees and scale up its fleet of self-driving bots. Nuro has raised more than $1 billion from partners including SoftBank, Greylock Partners and Gaorong Capital. “We’ve spent the last two and a half years building an amazing team, launching our first unmanned service, working with incredible ...
Tags: Transportation, Softbank, Tech, Automotive, Arizona, Toyota, Self-driving Cars, Robotics, Greylock Partners, Kroger, Phoenix, Starship Technologies, Ike, Dave Ferguson, SoftBank Vision Fund, SoftBank Investment Advisers