SoftBank was behind four of the five biggest venture capital deals globally in the third quarter of 2017, according to a new report by PwC and CB Insights.
SoftBank was behind four of the five biggest venture capital deals last quarter
It’s raising the stakes in Silicon Valley.
Rani Molla was a senior correspondent at Vox and has been focusing her reporting on the future of work. She has covered business and technology for more than a decade — often in charts — including at Bloomberg and the Wall Street Journal.
SoftBank, both with other investors and with its $100 billion Vision Fund, invested $6.2 billion last quarter in Grab, WeWork, Flipkart and Roivant. The Japanese investment firm has been raising the stakes in Silicon Valley with its enormous infusions of cash.
In general, venture capitalists are spending more money on fewer deals, as companies stay private longer and need more late-stage funding.
This article originally appeared on Recode.net.
See More:
