Deals
SoftBank Fund Invests $100 Million in Compliance Software Firm
- Behavox investment will value firm at about $500 million
- Transaction is among first for SoftBank’s Vision Fund 2
Photographer: Kiyoshi Ota/Bloomberg
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SoftBank Group Corp.’s Vision Fund 2 is investing $100 million in compliance and employee-monitoring software company Behavox, according to people familiar with the matter.
The investment, which is in the form of preferred shares, values Behavox at about $500 million, the people said, asking not to be identified because the information is private. The investment group will also be represented on the company’s board, the people added.