New SoftBank tech fund to invest up to $100B
SoftBank is forming a global technology investment vehicle called the Softbank Vision Fund that could put to work as much as $100 billion. As part of the plan, SoftBank says it intends to invest at least $25 billion over the next five years. In addition, SoftBank has reached an agreement with the Public Investment Fund of the Kingdom of Saudi Arabia, which will consider becoming the lead partner with a potential investment size of up to $45 billion. The overall size of the fund could go up to $100 billion, Softbank says, with the possible addition of a few other large investors.
Hyperloop One raises $50M, hires ex-Uber CFO
Hyperloop One has raised a $50 million round led by port operator DP World Group of Dubai, bringing total financing to $160 million. The new round comes as the Los Angeles-based developer of futuristic, high-speed transportation technology prepares for its first demonstration of a full working Hyperloop system in the first quarter of next year. Hyperloop One also announced that former Uber CFO Brent Callinicos has joined the company.
Morningstar acquires Pitchbook at $225M valuation
PitchBook, a provider of data and analysis about private capital markets, will sell to investment research firm Morningstar in a deal that values the Seattle-based company at $225 million. Morningstar was an early investor in nine-year-old PitchBook and owned 20 percent of the company prior to the acquisition.
More speakers announced for Disrupt London
Azmat Yusuf, founder of Citymapper, and Steve Hilton, co-founder and CEO of Crowdpac, will speak at TechCrunch Disrupt London 2016. Get your tickets today!
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