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CAPinsideLESS THAN 1 MIN READING TIME2019-01-04

Softbank negotiates investment with Getyourguide

Softbank and Getyourguide are negotiating for an investment according to Gründerszene. The fund has already supported several startups with approximately $ 100 million. Getyourguide, a Berlin travel platform, has long been considered the next unicorn company and is therefore particularly exciting for investors.

The negotiations between Softbank and Getyourguide are already well advanced, according to corporate and investor circles. Softbank was therefore able to outperform other technology funds. As early as November, Manager Magazin reported that Softbank had expressed interest in the Berlin-based company. Getyourguide, however, did not comment on the information.

The offer of the travel platform refers to the booking of tickets for attractions such as museums and city tours.
Connoisseurs of the scene assume that it is the Softbanks Vision Fund. The exact amount of the investment round is unknown. In early 2018, Softbank had bought 460 million euros in the German used car company Auto1. Getyourguide would be the second participation of the Vision Fund in Germany.

The company is said to be valued at more than $ 1 billion. About a year ago, investors from Battery Ventures invested $ 75 million, and Getyourguide raised some $ 170 million. Other investors include the private equity firm KKR and Highland Capital.

The Japanese group Softbank has launched the Vision Fund with $ 100 billion. About half of the money comes from Saudi Arabia. After the death of the Saudi journalist Jamal Chaschoggi Softbank was therefore sharply criticized.