SoftBank Leads $19.5 Million Investment Round in U.K.’s Splyt
- Splyt makes “roaming” possible for hitching rides worldwide
- SoftBank owns stakes in ride-hailing industry’s top players
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The Japanese wireless unit of SoftBank Group Corp. led a $19.5 million investment in Splyt Group Ltd., a U.K.-based startup that makes software to simplify ride-hailing abroad.
With the latest round, Splyt has raised a total of $35 million, including an earlier investment by Southeast Asia’s ride-hailing giant Grab. SoftBank Corp. declined to disclose the exact amount of its contribution, but said the deal gives it a seat on Splyt’s board.