Tech Company Financing Transactions

Grab Funding Round

SoftBank Vision Fund participated in a $1.5 billion funding round for Grab. The round was recorded on 3/7/2019.

Transaction Overview

Company Name
Announced On
3/7/2019
Transaction Type
Venture Equity
Amount
$1,460,000,000
Round
Undisclosed
Investors

SoftBank Vision Fund (David Thevenon)

Proceeds Purpose
The new money will be used to further its super app strategy, which is aimed at making its service a daily app for consumers, but it is also likely to be used to battle rival Go-Jek.

Company Information

Company Status
Private & Independent
Industry
Transportation
Mailing Address
28 Sin Ming Ln. 01-143
Midview City, 573972
Singapore
Email Address
Overview
Formerly Known as GrabTaxi, Grab is Southeast Asia's leading ride-hailing platform. We solve critical transportation challenges and make transport freedom a reality for 620 million people in Southeast Asia.
Profile
Grab LinkedIn Company Profile
Social Media
Grab Company Twitter Account
Company News
Grab News
Facebook
Grab on Facebook
YouTube
Grab on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Anthony Tan
  Anthony Tan LinkedIn Profile  Anthony Tan Twitter Account  Anthony Tan News  Anthony Tan on Facebook
Chief Financial Officer
Linda Hoglund
  Linda Hoglund LinkedIn Profile  Linda Hoglund Twitter Account  Linda Hoglund News  Linda Hoglund on Facebook
Co-Founder
Tan Ling
  Tan Ling LinkedIn Profile  Tan Ling Twitter Account  Tan Ling News  Tan Ling on Facebook


 

 

Browse more venture capital transactions:

Prev: 3/7/2019: FutureFuel.io venture capital transaction
Next: 3/7/2019: GoJava venture capital transaction

 

Share this article

 


About Our Venture Capital Transactions Database

We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary