WeWork has recently announced that WeWork China, its Chinese subsidiary, has raised an additional $500 million in capital. The deal was led by SoftBank, Temasek Holdings, among others and reportedly values the Chinese branch at $5 billion, up from $1 billion (post-money), as stated by WeWork China almost a year ago.
SoftBank rarely doubles down on a particular company. At the time of writing, SoftBank itself has made 175 investments in 144 different companies, according to CrunchBase data. Of those, just 23 companies raised more than one round from SoftBank. And in conjunction with its China branch, with four cumulative transactions on record, WeWork is tied for first place in a ranking of companies most-engaged with SoftBank’s investment arm.
That being said, SoftBank’s investment strategy appears to be one of taking stakes in leading companies from a given sector. And although it’s sometimes difficult to tell just how large some of those stakes are as a percent of equity in the company, SoftBank finds itself involved in many companies’ biggest rounds to date.
Take WeWork for example. If you take all of the equity funding rounds raised by its main corporate entity and regional offshoots like WeWork China and WeWork India, you’ll find that SoftBank was either the sole investor, the round leader or a syndicate participant in the rounds that delivered the lion’s share of capital to the company.
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