Auto1 Group GmbH announced that it has received €460 million in a round of funding from new investor SoftBank Vision Fund; a fund managed by SoftBank Investment Advisers, and existing investor DN Capital on January 14, 2018. Half of the investment was made by issuing new shares. Post the closing, the investor will hold 20% stake in the company. The round is raised at a post-money valuation of €2.9 billion. As a part of the round, Akshay Naheta of SoftBank Investment Advisers will join the board of directors of the company.