ISSUE – Aug. 11 | How SoftBank’s $100B Fund Is In A League All Its Own

In most cases, corporate venture capital funds (CVCs) are named after their corporate parents. True to the parental metaphor, most of these CVCs receive an ongoing allowance from their corporate sponsors, with no outside money joining the capital pool. Accordingly, it’s often thought that CVCs are beholden only to the corporation and its strategic initiatives.

This is not necessarily the case with SoftBank’s investment arm. Although SoftBank does invest its own money in startups, and it has been doing so since 1995 under the aegis of SoftBank Capital, a new fund raised by the company’s founder and CEO, Masayoshi Son, blurs the traditional CVC model.

According to research done by the Financial Times, Softbank’s new fund, called the “Vision Fund,” has raised quite a bit of money from partners, including:

  • $45 billion from Saudi Arabia’s Public Investment Fund.
  • $15 billion from Abu Dhabi’s Mubadala Investment Company.
  • $1 billion from Apple.
  • $1 billion from Sharp.
  • $3 billion from Qualcomm, Foxconn, and Oracle founder Larry Ellison’s family office.
  • $28 billion of SoftBank’s own capital. [ Crunchbase ]