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Announced

Completed

SVF 2 led a $170m Series C funding round in IRL.

Financials

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Transaction Value£120m
Consideration TypeCash
Capital Owned-
Capital Bid For15%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Venture Capital

Acquisition

Online and Social Platforms

messaging application

Friendly

Domestic

Minority

Private Equity

Completed

Private

United States

social app

Synopsis

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SoftBank Vision Fund 2, a fund with a goal to invest in AI-based technology, led a $170m Series C funding round in IRL, a social calendar app. Additional investors include Dragoneer, Goodwater Capital, Founders Fund and Floodgate. The company is planning to use a portion of its fundraise to help fuel the new events economy by allocating a certain amount of money per city that will go toward helping people put on real-world events. IRL also plans to expand its international footprint by finding ways to bring in non-US users to its platform — possibly beginning with the events focused on watching the Olympics.

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