قالب وردپرس درنا توس
Home / Business / SoftBank says they have raised $ 108 billion for Vision Fund 2 – Axios

SoftBank says they have raised $ 108 billion for Vision Fund 2 – Axios



On Thursday, SoftBank Group announced that it has secured $ 108 billion for its second Vision Fund, a late-stage venture capital car whose original $ 100 billion issue turned Silicon Valley upside down. The final size is expected to be even larger.

What to See: SoftBank listed about a dozen groups that had signed terms for investing, including Apple and Microsoft. There is no mention of Saudi Arabia's sovereign wealth fund, which was the largest contributor to fund 1 with a $ 45 billion sluggish fund.

The original Vision Fund, which was erected in 201

7, invested in companies such as Uber, DoorDash, GM Cruise and WeWork.

  • SoftBank plans to commit $ 38 billion, up from $ 28 billion the first time.
  • Other returning beneficiaries include Apple and Foxconn.
  • In addition to Saudi, other missing limited partners in Fund 1 include Qualcomm, Sharp and a sovereign wealth fund in the United Arab Emirates.
  • New investors include Microsoft, Standard Chartered, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, MUFG Bank, Dai-ichi Life Insurance Co., SMBC Nikko Securities, Daiwa Securities Group and Kazakhstan's sovereign wealth fund.

Microsoft may be a particularly exciting addition, based on a WSJ report indicating SoftBank plans to encourage its "about 75 companies to switch from Amazon's ship platform to Microsoft's."

  • No word on how to convince existing portfolio companies to do such a basic conversion, although it could certainly have [1945] provided pro quo future investment goals.

The point: Silicon Valley mumbled through the first Vision Fund and argued that it over-capitalized companies and persuaded some founders to chase market shares without taking into account underlying fundamentals. Expect the complaints to be even higher.


Source link