Sources: the SEC is investigating whether messaging app IRL misled investors; IRL raised $170M from SoftBank's Vision Fund 2 at a $1.17B valuation in June 2021

Sources: the SEC is investigating whether messaging app IRL misled investors; IRL raised $170M from SoftBank's Vision Fund 2 at a $1.17B valuation in June 2021

Upworthy

Published

The Securities and Exchange Commission has been investigating whether SoftBank-backed messaging app IRL violated securities laws, including in the way the startup described its business performance during talks with investors, according to people with knowledge of the situation. The SEC…

#softbank #irl #abrahamshafi #securitiesandexchangecommission

Full Article