As part of its new accelerator program, Emerge, SoftBank will invest an undisclosed amount in 14 startups led by diverse founders. The new investments represent the mega-fund’s first-ever seed deals. Mogul , which helps organizations advance diverse talent, and Bridge to College , a tool for students and high school counselors to navigate the college admissions process, are among the graduates...
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SoftBank Agrees to 14 Seed Investments in Startups Led by Underrepresented Founders
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SoftBank’s Onetime Pizza-Robot Darling Shuts Down
Zume, which raised $375 million from SoftBank to automate pizza-making with robots before switching to developing sustainable packaging, has shut down. The company is insolvent and has retained restructuring firm Sherwood Partners to liquidate the assets for the benefit of the creditors, an alternative to bankruptcy, according to Martin Pichinson, Sherwood Partners’ cofounder. It ceased...
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