infotechlead

SoftBank raises $270 mn fund for early-stage investments

SoftBank Group said on Friday its Seoul-based venture capital unit focusing on early-stage investments has raised a 317 billion won ($270 million) fund.
SoftBank JapanSoftBank Ventures Asia’s new fund will invest in early-stage startups globally with a focus on Asia.

The new fund, which aims to close in the next six months with investors including South Korea’s National Pension Service, reflects a renewed appetite by SoftBank for early-stage investing.

While SoftBank’s Saudi-backed, $100 billion Vision Fund bestrides the investing scene for late-stage startups, the group’s Chief Operating Officer Marcelo Claure in March launched a $5 billion, Latin American-focused fund.

Previous investments by SoftBank Ventures Asia, which was established in 2000 before its remit was expanded earlier this year, include South Korean gaming company Nexon, and Indonesian e-commerce firm Tokopedia.

Latest

More like this
Related

VC funding: MaintainX, Aiola, Vellum, LGND, Foundation EGI

Several tech startups — MaintainX, Aiola, Vellum, LGND, Foundation...

VC funding: AirMDR, Unblock, SiPearl, Blues, Parspec

Several tech startups —  AirMDR, Unblock, SiPearl, Blues, Parspec, among...

VC funding: QEDMA, Parter, Sundial, Castellum.AI, Brainfish

Several tech startups — QEDMA, Parter, Sundial, Castellum.AI, Brainfish,...

VC funding deals in AI-focused startups across Asia-Pacific

Venture capital funding in the AI market across Asia...