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.

Funded Companies

Company
Description
Industry
Website
Location
Flexport

Flexport is a licensed freight forwarder and shipping company based in San Francisco, CA, USA. They manage global logistics for businesses.

A platform in New York that focuses on providing office space, mail and package handling, conference rooms, weekly events, high-speed internet and community networking to customers.

Uber Technologies Inc. is a transportation network company (TNC) headquartered in San Francisco, California.

A company with a car-sharing platform and hardware. It was founded in 2009 and is located in San Francisco, California.

A company that has created software so that restaurants can manage their online orders. It was founded in 2017 and is located in Los Angeles, California.

Compass is a real estate technology company providing real estate listing application for buying, selling and renting properties.

South Korean e-commerce company.

Roivant Sciences is a pharmaceutical company founded by Vivek Ramaswarmy. It focuses on the discovery and development of late-stage drug candidates.

Grab is a technology company providing a ride-hailing platform for booking service for taxis, private cars and motorbikes through a mobile device.

Zume Pizza is a food delivery company operating an automated pizza delivery platform. It offers pizza without artificial flavors or high fructose corn syrup.

Relay Therapeutics is a Cambridge, Massachusetts-based developer of an allosteric drug-discover platform intended to apply computational techniques to protein motion.

Konfio is a Mexico City-based online financial services platform offering small and medium businesses find access to working capital credit and loans.

OakNorth is a financial technology company that enables entrepreneurs access customized mid-sized loans.

Rappi is a delivery service company operating in Latin American countries.

Automation Anywhere is a company developing cognitive Robotic Process Automation (RPA) software.

One97 is a mobile-internet company providing mobile content and commerce services to mobile consumers.

Nuro is a company that develops self-driving vehicles designed for local goods transportation.

Klook is a company providing a destination travel services booking platform.

Tokopedia is a technology company providing a free online marketplace platform in Indonesia.

Globality revolutionizes how businesses buy and sell services by matching the best provider at the right price for every project.

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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

Automation Anywhere

Mihir Shukla

Tina Sharkey

Mohit Aron

Bom Kim

Joel Hyatt

William Tanuwijaya

Wag

Hilary Schneider

News

Title
Author
Date
Publisher
Description
AlleyWatch
October 17, 2020
AlleyWatch
The Pulse of New York Tech
Heather Landi
September 3, 2020
FierceHealthcare
Digital therapeutics startup Biofourmis just closed a $100 million funding round led by high-profile investor Softbank's Vision Fund 2. The company will use the funding to advance its "home hospital" initiatives with health systems and its digital therapeutics partnerships with pharmaceutical companies.
Catherine Shu
September 3, 2020
TechCrunch
Biofourmis, which combines AI-based data analytics and biosensors to monitor the progress of medical treatments, has raised funding from one of the world's most high-profile investors. The digital therapeutics company, which launched in Singapore and is now headquartered in Boston, announced today it closed a $100 million Series C led by SoftBank Vision Fund 2, [...]
Steve O'Hear
July 17, 2020
TechCrunch
Carolina Brochado, the former Atomico partner and most recently a partner at Softbank Vision Fund's London office, has joined EQT as part of its plans to launch a new fund dedicated to growth-stage investments, TechCrunch as learned. According to multiple sources, Brochado is part of a new growth fund team at EQT that will sit [...]
Reuters Editorial
May 29, 2020
U.S.
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's underperformance pushed SoftBank to a record operating loss of some $13 billion.
Eric Eldon
May 23, 2020
TechCrunch
Remember when the top investors and companies in tech were reacting to SoftBank's every move? These days, we are picking through the latest results from the Japanese conglomerate and its Vision Fund to see how things went wrong, and where it is still succeeding with its startup portfolio.
Eric Eldon
May 23, 2020
TechCrunch
Remember when the top investors and companies in tech were reacting to SoftBank's every move? These days, we are picking through the latest results from the Japanese conglomerate and its Vision Fund to see how things went wrong, and where it is still succeeding with its startup portfolio.
Reuters Editorial
May 18, 2020
U.S.
SoftBank Group Corp on Monday reported a record 1.4 trillion yen ($13 billion) operating loss in the April-March financial year as the value of its tech bets via the $100 billion Vision Fund crumbled.
Kirsten Korosec
May 4, 2020
TechCrunch
WeWork co-founder Adam Neumann accused Softbank Group of abusing its power in a new lawsuit filed Monday that alleges breach of contract and breach of fiduciary duty for pulling a $3 billion tender offer for WeWork shares. The lawsuit, filed in Delaware Court of Chancery, included a motion to consolidate his case with a lawsuit [...]
Jonathan Shieber
April 13, 2020
TechCrunch
The Japanese technology conglomerate SoftBank Group said it would lose a staggering $24 billion on investments made through its Vision Fund and bets on the co-working real estate company, WeWork, and satellite telecommunications company, OneWeb. Ultimately, the company expects the losses to help generate a $7 billion total loss for the technology giant for the [...]
BS Reporter/Debasis Mohapatra
February 19, 2020
@bsindia
FirstCry has emerged as the leader in the sunrise baby and mother care sector segment, prompting rising interest of global investors
January 5, 2020
The Economic Times
SoftBank made a big-bang entry in the industry in 2014, when it announced three investments totalling $1 bn.
January 5, 2020
The Economic Times
SoftBank made a big-bang entry in the industry in 2014, when it announced three investments totalling $1 bn.
Tim Culpan | Bloomberg Opinion
December 31, 2019
@bsindia
Read more about A 2020 shopping list Masayoshi Son: K-pop band, Aramco for investor? on Business Standard. A list of investments Masayoshi Son ought to consider after after an awry year for SoftBank Vision Fund.
Connie Loizos
December 26, 2019
TechCrunch
If you haven't noticed, Europe's startup scene is in full bloom, with more than $30 billion deployed in startups across the continent over the last 12 months and more than 20 countries now home to a so-called unicorn company. Investors around the globe are jumping into the pool, too. Consider that the Ontario Municipal Employees [...]
Ranju Sarkar
December 24, 2019
@bsindia
Read more about SoftBank invests $275 million in Lenskart; buys out some early investors on Business Standard. A large part of this investment will go towards building next generation technology and supply chain, said Peyush Bansal, Founder & CEO of Lenskart
December 18, 2019
www.nytimes.com
A venture capital firm known for making huge bets on Silicon Valley ventures has a toxic culture and an exceptionally high tolerance for risk, a report says.
Erin Griffith
December 10, 2019
www.nytimes.com
The technology investment powerhouse sold its shares in the dog-walking start-up at a loss as its pushes the companies it bets on to seek profits and long-term stability.
Catherine Shu
December 4, 2019
TechCrunch
Korean e-commerce giant Coupang has a new chief financial officer. The company announced today that it has hired Alberto Fornaro, who previously served the same role at International Gaming Technology (IGT PLC), the multinational gaming machine company. Fornaro succeeds Richard Song, who joined Coupang in 2011 and is retiring. Coupang is Korea's largest e-commerce platform. [...]
Bani Sapra
November 27, 2019
Business Insider
Investors are beginning to question SoftBank's investments, even as business executives depart their SoftBank-backed companies.
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References

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