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Dog-walking startup Wag raises $300 million

Man walking a dog.
Photo by Robert Alexander/Getty Images

Dog-walking startup Wag has raised $300 million from SoftBank Vision Fund, confirming the talks Axios first reported in December. It also said that former LifeLock CEO Hillary Schneider is taking over as CEO from Wag co-founder Josh Viner.

Why it matters: This is another deep-pocketed deal from SoftBank, which now owns 45% of Wag, according to Recode, but is a bit unusual in that none of the money was used to buy shares from early employees or investors.