SoftBank is a venture capital company that has the stated mission of investing in late-stage technology start-ups that will revolutionize the future.The company has stated that it believes that in order for for its investment companies to make long-term meaningful impacts, they need to be patient and have scaleable vision. At its inception in 2017, it was nearly a $100 billion fund.
SoftBank Vision Fund invests in a variety of industries such as consumer, enterprise, financial technology, frontier technology, health technology, real estate, and transportation and logistics.Other industries in which the company invests include artificial intelligence, Internet of things, robotics, cloud technologies, and more.
The first SoftBank Vision Fund was started in 2017 and was backed by investors such as Apple and Foxconn as well as sovereign wealth funds from nations such as Saudi Arabia and the United Arab Emirates. The venture capital company invested heavily in start-ups that fill a need for society. Most of the company's investments in Silicon Valley have been more than $100 million dollars. Companies that SoftBank Vision Fund has invested in include Uber and DoorDash. SoftBank Vision Fund also invests in Asian start-ups, such as Grab, a ride-hailing platform.
In 2019, the company announced that it was launching a second fund. The stated focus of this fund is investing in start-ups that are designing and producing "next-generation enterprise technology" using artificial intelligence. Founder Masayoshi Son has stated that artificial intelligence will alter industries such as healthcare, corporate business models, and transportation. The company itself has invested $38 billion into the fund and combining that contribution with other investors' assets would bring the fund to $108 billion. SoftBank Vision Fund is using the profits from the first fund along with other company assets to make its contribution. Several investors from the original fund have invested in the second fund and companies such as Goldman Sachs and Standard Charter have also been confirmed as investors. Kazakhstan has joined the fund with its sovereign wealth fund and there has been no word on the involvement of Saudi Arabia in this fund.
SoftBank establishes its second vision fund at a value of $108 billion.
The company launches its first vision fun with $100 billion from investors.
Funding Rounds Participated In
Founder and CEO
CEO, SoftBank Investment Advisers
Vice Chairman SoftBank Group Corp
Masayoshi Son blasts critics who 'don't understand' AI's potential
July 27, 2019
SoftBank is reportedly on the brink of revealing the sequel to its $100 billion Vision Fund
July 23, 2019
SoftBank's Vision Fund is preparing to invest $1 billion in Grab
SoftBank's Vision Fund is the biggest technology investment portfolio ever. This is where its billions have gone so far.
September 18, 2017
Documentaries, videos and podcasts
SoftBank Investors Explain the Mega-Fund's Aggressive Investment Strategy
July 17, 2018
SoftBank Unveils $108 Billion Vision Fund 2
July 25, 2019
We expect Vision Fund to invest in 70 to 100 companies, says SoftBank director
February 26, 2018