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New Deal


Announced

Completed

SoftBank Vision Fund 2 led a $150m Series D round in RapidAPI.

Financials

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Transaction Value£113m
Consideration TypeCash
Capital Owned-
Capital Bid For15%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Completed

United States

Private

Venture Capital

Friendly

Private Equity

Single Bidder

Digital Services

Acquisition

Cross Border

API hub

Synopsis

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SoftBank Vision Fund 2, a venture capital fund, led a $150m Series D round in RapidAPI, an API Hub, with participation from Qumra, Andreessen Horowitz, M12, Viola Growth, Green Bay, and Grove Ventures. “Demand for digital solutions and software innovation is increasing rapidly, and without enough developers, the world needs APIs to continue building software. We believe that RapidAPI plays a critical role in supporting the API economy and has demonstrated impressive growth and execution to accelerate developer adoption and supply of APIs. We are excited to partner with Iddo and the team to support their mission to drive modern software development," Nagraj Kashyap, SoftBank Managing Partner.

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