Zume Inc. is in the process of raising a major new round of capital through SoftBank Vision Fund in a deal that is expected to place a value of roughly $2.25 billion for the pizza-delivery and food-logistics startup.
The company disclosed that its latest funding has brought in $375 million through a single investor, in a Securities and Exchange Commission filing on Thursday. SoftBank 9984, -8.16% is that investor and is expected to invest another $375 million in the company through a second tranche in the future, according to a person with knowledge of the matter.
Zume’s new valuation, which assumes both funding rounds get completed, would represent a giant leap from the $170 million valuation the startup received as part of an earlier round of funding in 2017.
“We’ve recently closed a round of funding to support our growth and hiring,” Zume Chief Executive and co-founder Alex Garden said in a written statement. The company declined to comment on other details.
Also popular on WSJ.com:
Want news about Asia delivered to your inbox? Subscribe to MarketWatch’s free Asia Daily newsletter. Sign up here.