(Reuters) - Japan's SoftBank Corp 9984.T 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, 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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