Public Investment Fund of Saudi Arabia
Saudi shopping and BNPL platform Tamara tops $1B valuation in $340M Series C funding
Tamara, a buy now, pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing round that values the fintech at…
Lucid Group’s largest shareholder has agreed to buy 100,000 of its electric vehicles over the next decade. The government of Saudi Arabia, which is connected to the kingdom’s Public Investment…
Advocating reform, activist investor Elliott Management takes a $2.5B stake in SoftBank
The activist investment firm Elliott Management has steadily amassed a $2.5 billion stake in the headline-grabbing, Japanese technology conglomerate SoftBank even as a series of missteps battered the company’s share…
Key Vision Fund investors are reportedly lukewarm on a second fund
SoftBank shook up the venture capital world with its unprecedented $100 billion Vision Fund, and the speculation continues around its follow-up. The fund hasn’t quite closed $100 billion — it…
Much has been said about the SoftBank Vision Fund, mostly in awe of the size of the investment vehicle. Today, however, the Vision Fund inched yet closer to that twelve-figure goal.
Silicon Valley is waiting for the dust to settle in Saudi Arabia, but other headwinds are picking up
It’s been painful, the silence of Silicon Valley with regards to Saudi Arabia, whose shifting accounts about the murder of journalist Jamal Khashoggi have nearly veered into slapstick. In the…
Saudi ally calls for Uber boycott over response to Khashoggi’s vanishing
Uber is facing calls for a boycott of its app in the Persian Gulf, a region that has poured billions of dollars of investment into the company’s ride-hailing business in…
Saudi Arabia’s sovereign fund will also invest $45B in SoftBank’s second Vision Fund
The sovereign fund of Saudi Arabia plans to invest $45 billion into the second SoftBank Vision Fund, two years after putting the same amount into the original $100 billion Vision…
