SoftBank Vision Fund 2 led a series C-1 round for the irregular produce marketplace that lifted its overall funding to nearly $527m and valued it at $2bn.

US-based online supermarket operator Misfits Market secured $225m yesterday in a series C-1 round led by SoftBank Vision Fund 2, a corporate venturing vehicle for internet and telecommunications group SoftBank.

Venture capital firm Accel also took part in the round, which valued the company at $2bn, briinging its total funding to almost $527m. Lydia Jett, founding partner of the SoftBank’s Investment Advisers subsidiary that oversees the Vision Funds, will join Misfits Market’s board of directors.

Founded in 2018, Misfits Market…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.