SoftBank Pepper robot

Japanese tech giant SoftBank is announcing funding rounds in the hundreds of millions on an almost daily basis at the moment. 

The company — led by Masayoshi Son, Japan’s richest man — is making investments through the SoftBank Group and the $93 billion (£71 billion) SoftBank Vision Fund.

It has backed or bought a host of established tech firms such as Nvidia, WeWork, and ARM. It’s also backed less well-known startups like satellite internet firm OneWeb and farming startup Plenty. Most of the money has gone to companies in Europe, Asia, and North America. 

Here’s a running list of SoftBank’s investments, in chronological order:

Snapdeal – August 2015

Snapdeal is one of India’s biggest online shopping sites. It started as an online deals site but evolved into a wider marketplace, with thousands of sellers offering their wares to shoppers.

Founded: 2010

Founders: Kunal Bahl, Rohit Bansal

Size of SoftBank’s investment: $627 million (£478 million), participated in a later $500 million (£381 million) round

Total amount raised: $1.7 billion (£1.3 billion)

OneWeb – December 2016

OneWeb offers low-latency, high-speed broadband through a constellation of satellites. It promises to cut latency from 500 milliseconds to 20 milliseconds, similar to a fibre connection.

Founded: 2012

Founders: Greg Wyler

Size of Softbank’s investment: $1 billion (£760 million)

Total amount raised: $1.7 billion (£1.3 billion)

SoFi – February 2017

So-Fi is a US-based “alt-lender,” which started out in student refinancing loands and branched out into mortgage products in 2013. It’s also taking steps to becoming a fully fledged bank.

Founded: 2011

Founders: Michael Cagney, Ian Brady, Daniel Macklin, James Finnigan

Size of SoftBank’s investment: $1 billion (£760 million)

Total raised: $2.08 billion (£1.6 billion)

See the rest of the story at INSIDER
Source: http://www.thisisinsider.com/running-list-softbank-investments-2017-7

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