Weekly Update #209: Has SoftBank Ushered in the Return of the Mega-Round?
EquityZen has produced these weekly updates for secondary investors, shareholders and company representatives.
If you find this useful, subscribe to our weekly newsletter!
In order to view EquityZen's Investment Offerings, you must be an Accredited Investor.
Has SoftBank Ushered in the Return of the Mega-Round?
There's news this week of huge planned private rounds for both Grab (Asian ride-sharing) and Slack (collaboration software):
Are mega-rounds back? While the term has no specific definition, it typically refers to a private equity capital raise in excess of $250 million. Note that both the Grab and Slack rounds reportedly include commitment from Softbank, likely from the behemoth $93 billion Softbank Vision Fund. But this three-ingredient recipe might explain the new mega-round era:
1 quiet tech IPO market (source: Venturebeat),
1 growing public tech index,
and $93 billion in dry Softbank powder (source: India Times).
Funding Rounds Since Last Week
To learn more about whether you're eligible, typical investment size, company valuation, and share price, request access here.