The fund will invest $300m in dog walking service Wag as part of a deal that will involve SoftBank's Jeffrey Housenbold becoming its chairman.
Telecommunications and internet group SoftBank’s Vision Fund agreed yesterday to invest $300m in US-based dog walking service Wag at an undisclosed valuation.
Founded in 2015, Wag has created an app-based on-demand dog walking service that gives owners access to insured and bonded walkers in their own communities, 24 hours a day, seven days a week.
The company was originally looking to raise $100m before Vision Fund made the offer, undisclosed sources told Recode last month. Its biggest rival in the…
