Softbank’s Vision Fund News

Cambridge Mobile Telematics Receives $500 Million SoftBank Funding

Massachusetts-based Cambridge Mobile Telematics, which offers safe driving technology that is used globally by insurers and other firms, said it has attracted a $500 million investment from the SoftBank Vision Fund that it will use to grow globally. “This partnership …

SoftBank, Alibaba Lead $1.1B Investment in Indonesia E-Commerce Firm Tokopedia

SoftBank Vision Fund and Alibaba Group Holding Ltd. led a $1.1 billion investment in PT Tokopedia, a financing round that will help Indonesia’s biggest online marketplace venture beyond e-commerce into new areas such as air tickets and insurance. The company …

Softbank Plans Big Push into Insurance Investments

Softbank’s Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a Vision Fund executive told Reuters. In …

China’s Online Insurer ZhongAn to Get Investment from SoftBank for Overseas Growth

ZhongAn Online P&C Insurance Co. Ltd., the first internet-only insurer in China, announced its subsidiary ZhongAn International will receive a strategic investment from SoftBank Vision Fund, which will support the growth of ZhongAn’s technology solutions businesses outside China. The amount …

Insurtech Firm Wefox Seeks New Funding with Softbank Among Investors: Sources

Wefox, one of Europe’s fastest-growing insurance technology firms, is close to settling on a new “triple-digit million” euro funding round, with Softbank’s Vision Fund among the suitors, three sources familiar with the negotiations said. One of the sources said Softbank …