Softbank invests $100m in Behavox

The firm drew equity from its Softbank Vision Fund 2. The investor announced it was to launch its second Vision Fund with $108bn in July 2019. The fund is intended to focus on the next stage of artificial intelligence and will invest in tech-enabled growth companies.

Behavox's CEO and other employees remain the largest shareholders in the business, following the investment.

Previous funding
In October 2015, Citigroup invested $1m in the company, giving it a pre-money valuation of $9m, according to Crunchbase.

In July 2016, Hoxton Ventures and Promus Ventures provided early-stage funding.

Index Ventures backed Behavox in a $20m funding round in November 2017. Citigroup led the investment round, while returning investors included Hoxton Ventures and Promus Ventures. The fundraising valued the company at $200m, according to the Financial Times.

Company
Behavox is a data operating platform that is intended to enable companies to aggregate, analyse and act on their entire organisation's data. The company counts Jefferies, Balyasny Asset Management and mining company Anglo American among its clients. Based in London and founded in 2014, it operates offices in Montreal, New York and Singapore.

People
Softbank Investment Advisers – Munish Varma (managing partner).
Behavox – Erkin Adylov (founder, CEO).

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• Topics
• Expansion
• UK / Ireland
• Technology
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• Softbank
• United Kingdom