Sunday, 2023 September 24

SoftBank setting sight on Vision Fund II

Though SoftBank’s near-$100 billion Vision Fund has yet to close, SoftBank CEO Masayoshi Son is already setting sight on a second fund.

“Vision Fund II will definitely come. It’s just a matter of time,” Son said during an interview at The Wall Street Journal’s CEO meeting in Tokyo on Tuesday, adding it won’t be in six months, but in the near future.

According to Bloomberg, citing people familiar with the matter, Son has held preliminary discussions with investors about committing to the second fund as early as 2019, with the fund to likely be of similar size to the current Vision Fund. The people added a wider pool of investors would likely be drawn to the planned fund, more than the first one.

Sources: WSJ, Bloomberg

36Kr Global Contributors
36Kr Global Contributors
The tech ecosystem is roaring. Unicorns valued at billions of dollars have emerged worldwide, while venture capital and strategic investors are constantly on the lookout for the next big thing. 36Kr Global is committed to establishing ties between global stakeholders and providing the most vital information about China’s tech scene and capital markets.

Related Read