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New Deal


Announced

Completed

SoftBank Vision Fund 2 led a $300m funding round in Plume Design.

Financials

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Transaction Value£220m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Single Bidder

United States

Internet

wireless electronic

Venture Capital

Private Equity

Friendly

Private

Cross Border

Minority

Completed

Acquisition

Synopsis

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SoftBank Vision Fund 2, a venture capital fund, led a $300m funding round in Plume Design, a Software-as-a-Service company. "The pandemic has dramatically accelerated the adoption of digital services, increasing our dependence on smart devices. Through its innovative cloud data platform, we believe Plume's consumer-first approach provides customers with reliable connectivity in their homes and beyond. We are pleased to partner with Fahri and the team to support their ambition of reinventing services for smart spaces globally," Nagraj Kashyap, SoftBank Investment Advisers Managing Partner.

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