Softbank invests $800m in Greensill

According to the Financial Times, the transaction gives Softbank a 15-20% stake in Greensill and values it at around £3bn.

The funding round will enable the company to invest in product development and increase its pool of capital for deployment. The business is also planning to expand internationally, with plans to launch its services in the Chinese and Indian markets.

Softbank drew capital for the transaction from its global technology investment vehicle Softbank Vision Fund, which has a $100bn target.

According to a statement, Greensill has been growing at a compound annual growth rate of 100% since 2015.

Previous funding
General Atlantic provided Greensill with $250m in growth capital funding in July 2018, with the fresh capital earmarked to build new partnerships with corporates, bolster existing client relationships and invest in new technology.

Company
Founded in 2011, London-headquartered Greensill is a provider of working capital and supply chain finance to companies. The company uses proprietary data-driven software to make its working capital finance available to all sizes of business. It works with around 100 institutional investors and has provided $60bn in financing to 8 million customers in 60 countries.

People
Softbank Investment Advisers – Colin Fan (managing partner).
Greensill – Lex Greensill (founder, CEO).

Advisers
Company – Morgan Stanley (corporate finance); Allen & Overy (legal).

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