Deals
SoftBank Is Eyeing Burgers, Digital Pharmacy for Second Vision Fund
- The new mega-fund is starting to make its first tech bets
- Vision Fund 2 is still trying to raise money from backers
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SoftBank Group Corp. is teeing up investments for the successor to its gargantuan Vision Fund. It’s in talks to back a pharmaceutical delivery startup, a company focused on robotic burger-making and a maker of lab-grown meat, according to people with knowledge of the matter.
Vision Fund 2 is the next iteration of SoftBank’s first $100 billion fund, which since 2017 has sent tremors through the startup world with its giant bets on tech companies, including the now-flailing co-working giant WeWork. The Japanese conglomerate is still in the process of raising money for the new fund, and has said it expects it to be even larger than the first.