Is this good news or bad news? Only time will tell. The New York Times said:
One of the tech world’s deepest-pocketed investors has been scouring the globe to find and fund the technologies that are building the future.
Advanced robotics. Indoor farming. Data-driven drug research.
And now: on-demand dog walking.
The SoftBank Vision Fund, a nearly $100 billion pot of money managed by the Japanese billionaire Masayoshi Son, is investing $300 million in Wag, a start-up in Los Angeles whose app lets you summon someone to walk your dog.
The Vision Fund’s investment is several times the $68 million in total funding that Wag has raised since it was founded in 2015.
“We look forward to enhancing our technology and service offerings to enable more people to keep their dogs happy and healthy,” Wag’s newly appointed chief executive, Hilary Schneider, said in a statement announcing the investment on Tuesday.