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Announced

Completed

SoftBank Vision Fund 2 completed a $175m investment in Riiid.

Financials

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Transaction Value£124m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Digital Services

South Korea

Cross Border

Private

Completed

Acquisition

Single Bidder

Minority

Private Equity

education company

Friendly

Synopsis

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SoftBank Vision Fund 2 completed a $175m investment in Riiid, a South Korean AI tutorial startup. “Riiid wants to transform education with AI, and achieve a true democratization of educational opportunities. This investment is only the beginning of our journey in creating a new industry ecosystem and we will carry out this mission with global partnerships," YJ Jang, Riiid CEO.

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