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New Deal


Announced

Completed

SoftBank Vision Fund 2 and BlackRock led a $640m Series E round in Trax.

Financials

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Transaction Value£464m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Acquisition

Completed

Private Equity

Private

Single Bidder

Venture Capital

Software

Cross Border

Friendly

software-as-a-service

face recognition systems

data analytics

software

Singapore

Synopsis

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SoftBank Vision Fund 2 and BlackRock led a $640m Series E round in Trax, a technology company headquartered in Singapore, with participation from OMERS and Sony Innovation Fund. "Through its innovative AI platform and image recognition technologies, we believe Trax is optimizing retail stores by enabling CPG brands and retailers to execute better inventory strategies using data and analytics. We are excited to partner with the Trax team to help expand their product offerings and enter new markets," Chris Lee, SoftBank Director.

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