SoftBank’s tech fund rankles VCs as valuations soar


EARLIER this month, SoftBank led a US$502mil investment in a London-based virtual reality startup called Improbable Worlds. Less than two years ago, the startup was worth about US$100mil.

Then SoftBank came along, and suddenly it was worth 10 times that. Overnight, Improbable Worlds had become a unicorn.

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Business , SoftBank , startup , tech , venture capital

   

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