SoftBank's Vision Fund invests $560 mn in German car portal
SoftBank Group's Vision Fund will invest about $560 million in German online car portal Auto1, valuing the company at about $3.5 billion. It is SoftBank's first investment in Germany and will make Auto1 Europe's most valued private startup after Spotify. Founded in 2012, Auto1 is a platform for used cars catering to private buyers, dealers and the auto industry.