Wag, the Dog-Walking Service, Lands $300 Million From SoftBank Vision Fund

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Wag, the Dog-Walking Service, Lands $300 Million From SoftBank Vision Fund
When the Vision Fund invested in a mapping start-up called Mapbox last year, the fund’s Rajeev Misra said, in a statement,
that Mapbox’s use of sensor data to generate live maps made it an investment in “the foundational infrastructure for the next stage of the information revolution.” “Location data is central and mission critical to the development of the world’s most exciting technologies,” Mr. Misra said.
The SoftBank Vision Fund, a nearly $100 billion pot of money managed by the Japanese billionaire Masayoshi Son,
is investing $300 million in Wag, a start-up in Los Angeles whose app lets you summon someone to walk your dog.
Hilary Schneider said that We look forward to enhancing our technology
and service offerings to enable more people to keep their dogs happy and healthy,
In a statement on Tuesday, Jeffrey Housenbold, who helps oversee the fund, said only
that “Wag is a clear leader in the rapidly growing global market for pet care services.” Still, other investments by Mr.
Apart from big names like Uber, it has invested in outfits like Compass, a New York-based platform for buying
and selling property; Vir Biotechnology, which researches and develops treatments for infectious diseases; and Oyo, a hotel network in India.
The Vision Fund’s investment is several times the $68 million in total funding that Wag has raised since it was founded in 2015.

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