Softbank Vision Fund

Vision Fund backs Chinese fitness app Keep in $360 million round

As Chinese fitness class provider Keep continues to diversify its offerings to include Peloton-like bikes and health-conscious snacks, among other things, it’s bringing in new investors to fund

SoftBank will reportedly file for a SPAC on Monday

SoftBank Investment Advisers may file as early as Monday to raise between $500 million and $600 million through an initial public offering of its first special purpose acquisition vehicle, reports Axi

Brazilian lending company Creditas raises $255 million as Latin America’s fintech explosion continues

Creditas, the Brazilian lending business, has raised $255 million in new financing as financial services startups across Latin America continue to attract massive amounts of cash. The company’s

Early DoorDash investor Saar Gur makes the case for 10x growth from here

The stunning debut of the food delivery company DoorDash on the public market this week has plenty of people puzzled. While undeniably fast-growing, the unprofitable delivery company has come under fi

SoftBank, Volvo back Flock Freight with $113.5M to help shippers share the load

Everyday thousands of trucks carry freight along U.S. highways, propelling the economy forward as consumer goods, electronics, cars and agriculture make their way to distribution centers, stores and e

Google-backed Chinese truck-hailing firm Manbang raises $1.7 billion

The Chinese Uber for trucks Manbang announced Tuesday that it has raised $1.7 billion in its latest funding round, two years after it hauled in $1.9 billion from investors including SoftBank Group and

If you didn’t make $1B this week, you are not doing VC right

The only thing more rare than a unicorn is an exited unicorn. At TechCrunch, we cover a lot of startup financings, but we rarely get the opportunity to cover exits. This week was an exception though,

The VC and founder winners of DoorDash’s IPO

After years of rumors and high-flying headlines, we finally have the S-1 for DoorDash. Alex has covered the primary details, but I figured it would be good to dive in so we can see who is raking in th

Cruise can now test driverless vehicles on the streets of San Francisco

Cruise, the self-driving car subsidiary of GM that also has backing from SoftBank Vision Fund, Honda and T. Rowe Price & Associates, has been issued a permit from California regulators that will a

Daily Crunch: Zoom launches its events marketplace

Zoom has a new marketplace and new integrations, Spotify gets a new format and we review Microsoft’s Surface Laptop Go. This is your Daily Crunch for October 14, 2020. The big story: Zoom launch

Plenty has raised over $500 million to grow fruits and veggies indoors

Plenty‌ ‌Unlimited‌ has raised $140 million in new funding to build more vertical farms around the U.S. The new funding, which brings the company’s total cash haul to an abundant $500 mill

Getaround raises a $140 million Series E amid rebound in short-distance travel

Amid a rebound in short-distance travel, Getaround, a Silicon Valley car rental startup, has raised some new money to meet demand. The startup, which allows customers to instantly rent cars near them

Caroline Brochado and Sophia Bendz on the boom in Europe’s early and growth-stage startups

As part of Disrupt 2020 we wanted to look at the contrasting positions of both early and later-stage investing in Europe. Who better to unpack this subject than two highly experienced operators in the

Former Atomico and SoftBank VC Carolina Brochado has joined EQT to help build its new growth fund

Carolina Brochado, the former Atomico partner and most recently a partner at SoftBank Vision Fund’s London office, has joined EQT to help launch a new fund dedicated to growth-stage investments,

WeWork’s chairman says it expects to have positive cash flow in 2021

After aggressive cost-cutting measures, including mass layoffs and selling several of its businesses, WeWork’s chairman expects the company to have positive cash flow in 2021. Marcelo Claure, who be

Chinese online learning app Zuoyebang raises $750M

Zuoyebang, a Beijing-headquartered startup that runs an online learning app, said on Monday it has raised $750 million in a new financing round as investors demonstrate their continued trust in &#8212

SoftBank confirms it may sell some of its T-Mobile stake

SoftBank Group confirmed today it is considering selling its T-Mobile U.S. shares. Bloomberg reported last month that SoftBank was nearing an agreement to sell about $20 billion of its T-Mobile U.S. s

SoftBank’s Q1 2020 earnings presentation mixes comedy and drama

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re digging into SoftBank’s latest earnings slides. Not only

Cruise lays off 8% of workforce amid COVID-19, puts resources toward engineering

Cruise, the self-driving car subsidiary of GM that also has backing from SoftBank Vision Fund, automaker Honda and T. Rowe Price & Associates, is laying off nearly 8% of its more than 1,800-member

Cruise hires PG&E board chairman Jeff Bleich as chief legal officer

Cruise, the subsidiary of GM that also has backing from SoftBank Vision Fund, automaker Honda and T. Rowe Price & Associates, is turning to a heavy hitter to head up its legal team. The autonomous
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