SoftBank Vision Fund 2 was among the investors in the Recruit-backed business management platform developer’s latest round, which was closed at a $1.7bn valuation.

Telecommunications and internet group SoftBank’s Vision Fund 2 took part in a $200m series C round for ZenBusiness, the US-based business management service backed by staffing group Recruit, on Tuesday.

Growth equity firm Oak HC/FT led the round, which also included Cathay Innovation and Greycroft and which helped push the company’s valuation to $1.7bn.

Founded in 2017, ZenBusiness has built a software platform that enables entrepreneurs and small company owners to handle business management aspects such as employee health insurance,…

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Edison Fu

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