The Wall Street Journal: SoftBank investment to put food startup Zume at $2.25 billion valuation

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

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  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.

An expanded version of this report appears on WSJ.com.

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