SoftBank Vision Fund 2 led a $190m Series C funding round in PrimaryBid.

SoftBank Vision Fund 2, a fund with a goal to invest in AI-based technology, led a $190m Series C funding round in PrimaryBid, a developer of an online investment platform, with participation from London Stock Exchange, Draper Esprit, OMERS Ventures, Fidelity International, ABN AMRO Ventures, Pentech and Outward Ventures. PrimaryBid plans to use the funding both to continue building out the products that it offers to companies, such as the ability to invest in SPAC-based public listings and investments in retail bonds; and to expand to new geographies, specifically with an eye on building out an office in the US, where it is going through the process of getting regulatory approvals to work with companies listing in that market and is likely to launch in late 2022 or 2023.