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SoftBank says it has earned $ 108 billion for Vision Fund 2 – Axios



The SoftBank Group has announced it has secured $ 108 billion for its second Vision Fund, a late-stage venture capital vehicle, whose $ 100 billion initial dollar turned the Silicon Valley down. The final size is expected to be even greater

What to Watch: SoftBank lists about a dozen groups that have signed Memoranda of Understanding, including Apple and Microsoft. There is no mention of the state fund of Saudi Arabia, which is the largest donor of Fund 1 with 45 billion dollars.

The original Vision fund, gathered in 201

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

  • SoftBank plans to commit 38 billion dollars, from 28 billion dollars for the first time. Returning supporters include Apple and Foxconn.
  • In addition to Saudi Arabia, other limited fund partners 1 are Qualcomm, Sharp, and the United Arab Emirates State Fund.
  • 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 Kazakh State Fund

Microsoft may be particularly intriguing addition, based on a WSJ report indicating that SoftBank is planning to encourage its "approximately 75 companies to move from the cloud platform of Amazon to Microsoft."

  • No word on how to persuade existing companies in the portfolio to do so redirection, although it certainly could have them The Silicon Valley mumbled through Vision's first fund, claiming overcapitalized companies and persuading some founders to pursue market share without comply with the basic principles, expect these complaints to become even stronger.


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