SoftBank invested in the online lending platform through a Silver Lake-led round that reportedly valued the company at $4.3bn.
Author: Robert Lavine
SoFi spoke to Charles Schwab in acquisition talks
The brokerage was among the prospective buyers that failed to meet SoftBank and Renren-backed SoFi’s $8bn to $10bn valuation.
State Auto turns the key on $25m fund
The insurance provider has partnered venture firm Rev1 Ventures to form a fund that will target innovative insurance and fintech startups.
BMW makes investment in Fair deal
Flexible automotive e-commerce platform Fair has raised an undisclosed sum in a BMW-led round that could precede up to $1bn in financing.
Big Deal: Sea secures $884m in IPO
The Tencent-backed online services provider floated above its range, showing the promise in Southeast Asia for Chinese internet companies.
Corporate venturing deal net: 16-20 October 2017
Brazil-based online recruitment marketplace Revelo has secured $4.6m in a funding round led by venture capital fund Valor Capital that included Australia-headquartered online recruitment platform Seek, TechCrunch reported on Wednesday. The round, which followed an undisclosed amount of seed funding from Social Capital, Graph Ventures and various angel investors in 2015, will support product development,… Continue reading Corporate venturing deal net: 16-20 October 2017
Intel Capital reaches Horizon in $60m data spree
The unit is set to lead a $100m round for Horizon Robotics as part of $60m investment in data-focused companies, taking its total 2017 spending to almost $570m.
SoftBank and Mubadala reunite for $400m fund
SoftBank and Abu Dhabi’s Mubadala Investment have formed a $400m venture fund, as the former lays out plans for more massive vehicles.
Guardian Media Group gets into corporate venturing
The media company has announced a $55m fund called GMG Ventures that will invest in startups developing media technologies.
RWE refines High-Tech Gründerfonds investment
RWE Generation, the power generation division of energy utility RWE, has provided an undisclosed amount of capital for the third fund to be raised by Germany-based venture capital investor High-Tech Gründerfonds (HTGF). The investment was announced shortly after the launch of HTGF III, which has a target of €300m ($355m). RWE Generation invested a seven-figure… Continue reading RWE refines High-Tech Gründerfonds investment
Samsung switches on Pluto TV funding
Online television platform Pluto TV has raised $8.3m, $5m of which was provided by Samsung Venture Investment Corporation.
Splunk picks up Rocana assets
Splunk has acquired the IP and technology of data analysis software developer Rocana, which had raised more than $19.4m from backers including GV.
MongoDB files away $192m in IPO
Intel, Dell, Red Hat and Salesforce-backed database software provider MongoDB will float above its range at a market valuation of almost $1.2bn.
Meituan-Dianping makes hay with $4bn round
The online services provider has raised $4bn in a Tencent-led round that included Priceline, and which valued the company at $30bn.