SoftBank Group announced today that it will launch its second Vision Fund with the participation of Apple, Foxconn, Microsoft and other technology companies and investors. The Fund, named Vision Fund 2, will focus on AI-based technology. According to SoftBank, capital of the fund has reached approximately $ 108 billion, according to letters of intent. The SoftBank Group's own investment in the fund is $ 38 billion.
It should be noted that the List of Expected Limited Partners of the Second Vision Fund currently does not include any participants in the Saudi Arabian Government (the close relationship of the First Vision Fund to humans, including Crown Prince Mohammed bin Salman, who was involved in the murder Understandably, journalist Jamal Khashoggi was, understandably, a source of great concern among investors, corporations and human rights monitors to other participants, and the total amount of the fund is expected to increase.The full list of participants who have signed agreements to date is: "Apple, [1
SoftBank's Intention to Launch Vision Fund 2 was first announced by the Wall Street Journal earlier this week. The new fund is expected to reduce SoftBanks' dependence on Saudi Arabian investments and possibly also change the relationship between start-ups, corporate giants like Microsoft and investors.
The second Vision Fund could help SoftBank expand its position as the most influential investor worldwide. With its first $ 97 billion vision fund, the giant invested in dozens of emerging companies, including giant Didi Chuxing and Grab, as well as India-based food delivery startup Grofers, paytm and startup Oyo for budget accommodation. 19659002] The Maiden Vision Fund, which was announced in October 2016 and commenced investment in early 2017, has returned 62% over the past month, according to SoftBank. SoftBank, which is known to cut $ 100 million and more in checks, has invested globally in 24 of 377 unicorns ($ 1 billion worth of companies).