SoftBank Vision Fund 2 led a $300m round for business-to-business marketplace ElasticRun and co-led blockchain creation platform developer Aleo's $200m series B.
Funding
Telecommunications and internet group SoftBank led a $300m funding round for ElasticRun, the India-based operator of a service which helps local retailers source inventory, through its Vision Fund 2 yesterday. The round valued the company at $1.5bn and included Prosus Ventures, the venture capital arm of internet group Prosus, as well as investment bank Goldman Sachs, Innoven Capital and the Abu Dhabi-owned Chimera Investments vehicle. Sources told the Economic Times the cash was raised alongside a $32m secondary share sale.
SoftBank Vision Fund 2 also co-led a $200m series B round for Aleo, a US-headquartered creator of blockchain application development software, yesterday with emerging markets investment firm Kora Management. The round included Sea Capital and Samsung Next – on behalf of e-commerce, gaming and fintech group Sea and consumer electronics producer Samsung – as well as Tiger Global Management, Slow Ventures and Andreessen Horowitz.
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