Tech Company Financing Transactions
Grab Funding Round
SoftBank Vision Fund participated in a $1.5 billion funding round for Grab. The round was recorded on 3/7/2019.
Transaction Overview
Company Name
Announced On
3/7/2019
Transaction Type
Venture Equity
Amount
$1,460,000,000
Round
Undisclosed
Investors
SoftBank Vision Fund (David Thevenon)
Proceeds Purpose
The new money will be used to further its super app strategy, which is aimed at making its service a daily app for consumers, but it is also likely to be used to battle rival Go-Jek.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
28 Sin Ming Ln. 01-143
Midview City, 573972
Singapore
Midview City, 573972
Singapore
Phone
Website
Email Address
Overview
Formerly Known as GrabTaxi, Grab is Southeast Asia's leading ride-hailing platform. We solve critical transportation challenges and make transport freedom a reality for 620 million people in Southeast Asia.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Anthony Tan
Chief Financial Officer
Linda Hoglund
Co-Founder
Tan Ling
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About Our Venture Capital Transactions Database
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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