Tech Company Financing Transactions
OneWeb Funding Round
On 12/20/2016, OneWeb received $1 billion in financing from Qualcomm Ventures, SoftBank Group and Virgin Group.
Transaction Overview
Company Name
Announced On
12/20/2016
Transaction Type
Venture Equity
Amount
$1,000,000,000
Round
Undisclosed
Proceeds Purpose
The latest investment will come directly from SoftBank, not from a $100 billion tech fund it is launching with Saudi Arabia, even though Son has said that large-scale investments would be made through the tech fund to avoid a further expansion of its debt.
Company Information
Company Status
Acquired or Merged
Industry
Telecom
Mailing Address
7900 Tysons 1 Pl. 14th Floor
McLean, VA 22102
USA
McLean, VA 22102
USA
Phone
Undisclosed
Website
Email Address
Overview
OneWeb can address the most demanding global connectivity challenges and sudden infrastructure crises. Those affected by hurricanes, earthquakes and refugee situations are often abruptly without infrastructure -- OneWeb will bridge these gaps providing instantly deployable connectivity or long-term access solutions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Gregory Wyler
Chief Executive Officer
Adrian Steckel
Chief Financial Officer
Thomas Whayne
Chief Information Officer
Vikas Grover
VP - Bus. Development
Nicolas Zibell
VP - Finance
Steven Fay
VP - General Counsel
Stephen Chernow
VP - Human Resources
Heidi Dillard
VP - Product Management
Larry Alder
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About Database of VC Transactions
Our team works diligently to report on tech company VC transactions. VC investment data records reported here are derived from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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