SoftBank’s Vision Fund In Talks To Invest In EquipmentShare, A Construction Startup With A Twist—Operating Profits - News Summed Up

SoftBank’s Vision Fund In Talks To Invest In EquipmentShare, A Construction Startup With A Twist—Operating Profits


EquipmentShare, poised to become tech's next "unicorn," offers technology to rent and manage ... [+] construction equipment. ASSOCIATED PRESSSoftBank’s embattled Vision Fund isn’t done trying to mint new tech unicorns—if it looks like they’re at least close to turning a profit. Missouri-based EquipmentShare is in talks to raise at least $150 million in a new funding round led by SoftBank, according to prospectus documents viewed by Forbes. SoftBank leader Masayoshi Son, seen speaking here in 2017, is poised to invest in EquipmentShare ... [+] through his Vision Fund. Dubbed the “Airbnb for construction equipment,” EquipmentShare helps construction companies rent everything from aerial lifts and diggers to power tools and signs.


Source: Forbes November 18, 2019 19:38 UTC



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