PrimaryBid is close to finalising a deal that will see SoftBank’s vast Vision Fund become a major shareholder
Sky News has learnt that PrimaryBid is close to finalising the details of a $150m (£110m) funding round that will be led by the second of Japanese giant SoftBank’s Vision Funds – which have amassed stakes in companies ranging from Uber to Revolut.
City sources said this weekend that PrimaryBid’s Series C fundraising was likely to value the company at more than $500m (£368m) on a pre-money basis.
PrimaryBid’s big breakthrough came when it participated in a £1bn share sale for Compass Group, the contract catering giant.
Read more/Source: Sky News
