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SoftBank Vision Fund

SoftBank Vision Fund

SoftBank Vision Fund is a subsidiary of SoftBank focused on investing in technology companies. It is located in London, England and was founded in 2017.

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.

SoftBank Vision Fund I

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.

SoftBank Vision Fund II

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.

Timeline

2019
Vision Fund II is launched

SoftBank establishes its second vision fund at a value of $108 billion.

2017
SoftBank Vision Fund is established

The company launches its first vision fun with $100 billion from investors.

Funding Rounds Participated In

Invested in

People

Name
Role
LinkedIn

Masayoshi Son

Founder and CEO

Rajeev Misra

CEO, SoftBank Investment Advisers

Ron Fisher

Vice Chairman SoftBank Group Corp

Further reading

Title
Author
Link
Type
Date

Masayoshi Son blasts critics who 'don't understand' AI's potential

Staff Writer

Web

July 27, 2019

SoftBank is reportedly on the brink of revealing the sequel to its $100 billion Vision Fund

Daniel Strauss

Web

July 23, 2019

SoftBank's Vision Fund is preparing to invest $1 billion in Grab

Jon Russell

Web

SoftBank's Vision Fund is the biggest technology investment portfolio ever. This is where its billions have gone so far.

Rani Molla

Web

September 18, 2017

Documentaries, videos and podcasts

Title
Date
Link

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

Companies

Company
CEO
Location
Products/Services

Mihir Shukla

Tina Sharkey

Mohit Aron

Bom Kim

Joel Hyatt

William Tanuwijaya

Wag

Hilary Schneider

News

Title
Author
Date
Publisher
Description
Chris Metinko
October 8, 2021
Crunchbase News
This week's biggest round in the U.S. went to a clinical-stage biotechnology company that is using data science and neuroscience to combat brain diseases, but that was far from the only big round of the week.
September 30, 2021
https://www.outlookindia.com/
The funding round saw the participation of existing investors such as Prosus Ventures, SoftBank Vision Fund 2 and Facebook.
September 20, 2021
https://www.outlookindia.com/
The funding round, which takes the valuation of Cars24 to $1.84 billion, was led by DST Global, Falcon Edge, SoftBank Vision Fund 2 and others.
Mary Ann Azevedo
September 14, 2021
TechCrunch
Less than six months after raising $75 million, Pacaso -- a real estate platform which aims to help people buy and co-own a second home -- announced today that it has raised $125 million at a $1.5 billion valuation. SoftBank Vision Fund 2 led the Series C funding round for Pacaso, which essentially went from [...]
Heather Landi
September 8, 2021
FierceHealthcare
Equum Medical pulled in $20 million to build out acute care telehealth, Oprah Winfrey backs Maven Clinic's $110 million round, a startup that developed a voice vital sign to quantify depression banked $26 million and other funding news in August.
Crunchbase News
August 31, 2021
Crunchbase News
Crunchbase News' top picks of the news to stay current in the VC and startup world.
Anastassia Gliadkovskaya
August 31, 2021
FierceHealthcare
The latest capital influx rounds out the company's valuation at $3.6 billion, making it the most valuable standalone company of its kind in the world, it claims.
Ingrid Lunden
August 31, 2021
TechCrunch
As artificial intelligence continues to weave its way into more enterprise applications, a startup that has built a platform to help businesses, especially non-tech organizations, build more customized AI decision making tools for themselves has picked up some significant growth funding. Peak AI, a startup out of Manchester, England, that has built a "decision intelligence" [...]
Peerzada Abrar
August 12, 2021
@bsindia
Capital would help the edtech startup create new products and industry verticals, expand its business serving govts and enterprises, double down on new geographies and fund acquisitions
Manish Singh
August 12, 2021
TechCrunch
Mumbai-based Eruditus, which works with top universities globally to offer more than 100 executive-level courses to students in over 80 nations, said on Thursday it has raised $650 million in a new financing round led by Accel and SoftBank Vision Fund 2. The new financing round -- which includes both primary and secondary transactions -- [...]
Gené Teare
August 5, 2021
Crunchbase News
The furious pace at which venture investment was deployed globally in the first half of 2021 is not slowing down as we move into the third quarter. Global funding came in at $61 billion in July 2021 -- matching the all-time record set in June 2021, Crunchbase data shows.
Meagan Simpson
July 28, 2021
BetaKit
Deep Genomics has secured $226 million CAD as the startup has increased the number of drug candidates it has discovered using AI and is eyeing clinic trials.
Zee News
July 20, 2021
Zee News
Leading on-demand delivery platform Swiggy on Tuesday announced the closing of a USD 1.25 Billion fundraise.
Tarush Bhalla
July 20, 2021
mint
Swiggy's Series J fundraise was led by SoftBank Vision Fund 2, and its long-term investor, Prosus. Existing investors including Accel Partners and Wellington Management also participated
July 20, 2021
Moneycontrol
Swiggy CEO Sriharsha Majety also reacted to rival Zomato's upcoming IPO for the first time, stating that it is a great validation for the category it operates in, adding that he wishes Zomato the best.
Peerzada Abrar
July 20, 2021
@bsindia
The fundraise will give Swiggy enough firepower to take on rivals such as Zomato, Amazon, Dunzo and Ola Foods
Ryan Weeks
July 16, 2021
The Block
Veteran staff at Revolut are being given the chance to sell a portion of their shares in the company as part of its Series E round.
Frederic Lardinois
July 13, 2021
TechCrunch
WebOps SaaS platform Pantheon, which started out as a Drupal and WordPress hosting service many years ago, today announced that it has raised a $100 million Series E round solely funded by the Softbank Vision Fund. With this round, Pantheon has now reached unicorn status, with a valuation of over $1 billion. Pantheon co-founder and [...]
Peerzada Abrar
July 12, 2021
@bsindia
Flipkart is now among the 10 largest e-commerce companies in the world by valuation, according to experts
Manish Singh
July 12, 2021
TechCrunch
Flipkart said on Monday it has raised $3.6 billion at $37.6 billion valuation in what is considered as the pre-IPO round for the Indian e-commerce conglomerate as it works to list in the public markets as soon as early next year. The new round of funding was led by GIC, Canada Pension Plan Investment Board [...]
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References

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