The $97bn Vision fund committed $300m to dog walking service provider Wag
Japan-based telecoms SoftBank’s multi-billion Vision Fund invest $300m in US-based dog walking service Wag. The valuation of the deal was not disclosed. The company was reportedly looking to raise $100m before Vision Fund made the offer. Wag’s most significant competitor is Rover, which had raised a total of $155m from a range of backers including pet accessories retailer Petco.
As part of the deal, it was also announced that Jeffrey Housenbold, managing partner at SoftBank Investment Advisers, will become Wag’s…
