Venture

After Dropping $2B More, Here’s What Softbank’s Vision Fund Has Spent In 2018

This morning, Korean e-commerce company Coupang, which some have dubbed the Amazon of Korea, announced a $2 billion investment from the Softbank Vision Fund.

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Coupang, which was founded in 2010 by Harvard business grad Bom Kim, has raised a known total of $3.4 billion from its investors including a $1 billion private equity investment from Softbank in 2015. The company is now reportedly valued at $9 billion, post-money.

Lately, it feels like we wake up every morning to a new Softbank Vision Fund investment. Just last week Automation Anywhere announced a $300 million deal from the Vision Fund, and at the beginning of the month, food robotics company Zume Pizza scored a $375 million investment. It’s hard to keep track of where the gargantuan group has placed its bets over the past year, so Crunchbase News decided to break it down. Take a look:

The fund, which invests with checks of $100 million or more, has partially fueled Crunchbase News’s obsession with supergiant rounds. And its effect on valuations is clear, of the companies listed above, 13 received the Vision Fund investment at pre-money valuations of more than $1.4 billion. Its giant war chest of capital, which includes some questionable support from Saudi Arabia, has the potential to affect competition in markets all over the world, including India and in China, where capital-intensive growth strategies are the name of the game.

We’ll keep updating this chart as the vision fund continues to put its money to work.

Illustration Credit: Li Anne Dias