US startup solicits $100 mln investment from SoftBank Fund

US-based Cadre-- a real-estate technology startup co-founded by White House senior adviser Jared Kushner-- is soliciting an investment of $100 million from the SoftBank Vision Fund, sources told Bloomberg.

SoftBank Vision Fund is a technology investment vehicle that gets almost half of its $100 billion asset base from Saudi Arabia's Public Investment Fund, and around $15 billion from the UAE government.

Sources told Bloomberg that a top executive at Cadre met with representatives of the fund to solicit investments to the tune of $100 million.

"The discussions are sensitive, and a funding deal might not materialize," sources told Bloomberg.

SoftBank Vision Fund was established in 2016 to invest in transformative technologies. It is one of the world’s largest investment funds, that has stakes in over 30 companies, including WeWork Cos. and Uber.

Cadre, founded in 2014, allows investors to buy stakes in commercial real estate assets. The company was valued at $800 million by the end of last year.