January 15, 2019 / 5:24 AM / a month ago

UPDATE 1-Japan's SoftBank to lead $700 mln funding in U.S. startup Katerra - The Information

(Adds Katerra declined to comment)

Jan 14 (Reuters) - Japan's SoftBank Corp plans to lead another investment round in Katerra that would value the California-based construction company at more than $4 billion, the Information reported on Monday.

The $700 million investment will be led by SoftBank's Vision Fund and will pull Katerra's total equity capital past $2 billion, the Information reported here, citing people familiar with the matter.

Katerra declined to comment on the matter, while SoftBank was not immediately available to comment.

SoftBank's technology-focused Vision Fund has multi-billion-dollar investments in U.S. companies, including WeWork and Uber.

Last year, SoftBank had also led Katerra's $850 million Series D round of financing. (Reporting by Mekhla Raina in Bengaluru; Editing by Gopakumar Warrier)

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