SoftBank Vision Fund 2 leads $775 million investment in Perch


FILE PHOTO: SoftBank Corp's logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon

(Reuters) - SoftBank Group Corp's Vision Fund 2 has led a $775 million investment in Perch, a technology firm that buys and operates third-party brands that sell their products on Amazon.com Inc.

The Series A funding will make Perch a so-called "unicorn" - implying a valuation of $1 billion or more and brings the company's total funding to date to over $900 million, it said on Wednesday.

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