Real estate tech firm Compass is the latest beneficiary.
Real estate tech company Compass is the latest beneficiary of SoftBank’s $100 billion Vision Fund, receiving $450 million Thursday from a funding round led by the tech fund.
Backed by tech giants including Apple, Qualcomm and Sharp, as well as by sovereign funds from Saudi Arabia and the United Arab Emirates, SoftBank’s Vision Fund has so far raised $98 billion, making it the largest technology investment fund ever. Its scale has reshaped Silicon Valley in 2017.
Other recent investments include funding rounds for Slack, Mapbox and Vir Biotechnology. SoftBank is likely to invest up to a whopping $10 billion in Uber, but that deal hasn’t gone through yet.
Here’s a running list of all the funding rounds the Vision Fund has participated in:
The Vision Fund hopes to raise a total of $100 billion that it will invest for up to five years after its final closing. Incredibly, SoftBank is also discussing raising money for another huge tech fund.
Posted on 12/08/2017 at 06:45 AM
Compass is a licensed real estate broker (01991628) in the State of California and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed.