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Announced

Completed

SoftBank Vision Fund 2 led a $105m funding round in Class Technologies.

Financials

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Transaction Value£75m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

United States

Private Equity

Software

Completed

Single Bidder

Cross Border

software development

Venture Capital

Minority

Private

Acquisition

Synopsis

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SoftBank Vision Fund 2, a fund with a goal to invest in AI-based technology, led a $105m funding round in Class Technologies, a developer of a virtual classroom software built to streamline online and remote education. Additional investors include GSV Ventures, Emergence Capital, Maven Partners, Owl Ventures, Insight Partners, SWaN & Legend Venture Partners, Revolution's Rise of the Rest Fund, Learn Capital, Reach Capital, Slow Ventures, Sound Ventures, Chimera Investment, Daher Capital and Guy Oseary. “I think what you can expect to see over the next 12 to 18 months there is going to be more advancement in ed-tech than we’ve seen in the last five to 10 years. Even with public schools returning to in-person learning, many will still choose to keep using technology in some way to avoid being caught flat-footed again if there’s another pandemic," Michael Chasen, Class Technologies Co-Founder and CEO.

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