The Briefing: Vision Fund Posts $8B Profit, Automattic Buys, And More

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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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SoftBank Vision Fund posts $8B Q3 profit

SoftBank Group’s Vision Fund unit rebounded from a loss to record an 844 billion yen ($8 billion) third-quarter profit.

SoftBank-backed firms that went public during the quarter include real estate buying and selling platform Opendoor and food delivery app operator DoorDash. SoftBank said it made a 13.2 times return on its DoorDash investment, as of year-end, and a 3.7 times return on Opendoor.

Almost half of the first Vision Fund’s portfolio, which includes a stake in Uber Technologies, was reportedly exited or listed at the end of December. Overall, the $100 billion Vision Fund has recorded $20.4 billion in gross gains since inception.

— Joanna Glasner


Automattic buys Online publishing platform Automattic is acquiring  analytics provider for an undisclosed sum. Founded over a decade ago, New York-based previously raised at least $12.9 million in known funding.

— Joanna Glasner

Enterprise software

Nexthink raises $180M: Nexthink, a provider of digital experience management software, has raised $180 million in a series D round. Permira led the financing for the Switzerland-based company, at a reported valuation of $1.1 billion.

— Joanna Glasner


Self-driving vehicle startup raised $100 million in a new round of funding, bringing its valuation to $5.3 billion, according to Venture Beat. The funding is an extension of the company’s Series C round, which it raised in November 2020.

–Sophia Kunthara

Illustration: Dom Guzman

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