WeWork
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SoftBank announced its second Vision Fund of about $108bn in July 2019 to invest in technology startups across the world. SoftBank had originally planned to contribute $38bn to the new fund. However, its Vision Fund I was badly affected by the Covid-19 pandemic and losses resulting in lower valuations of its investments in Uber and WeWork.In February 2020, the Japanese conglomerate decided to inject more money into the Vision Fund II before raising new funds from other LPs. With $10bn committed to the second fund by the SoftBank Group, the new fund has now invested in 13 portfolio companies including co-leading the Series C round for XAG in November 2020.
SoftBank announced its second Vision Fund of about $108bn in July 2019 to invest in technology startups across the world. SoftBank had originally planned to contribute $38bn to the new fund. However, its Vision Fund I was badly affected by the Covid-19 pandemic and losses resulting in lower valuations of its investments in Uber and WeWork.In February 2020, the Japanese conglomerate decided to inject more money into the Vision Fund II before raising new funds from other LPs. With $10bn committed to the second fund by the SoftBank Group, the new fund has now invested in 13 portfolio companies including co-leading the Series C round for XAG in November 2020.
SoftBank Internet and Media Inc (SIMI)
Founded by the charismatic Japanese billionaire Masayoshi Son, SoftBank Group Corp is a multinational conglomerate with assets totaling about $342bn in 2020. SoftBank is best known in Japan for its mobile phone network and distribution business, and it was the sole distributor of the Apple iPhone in Japan until 2011. SoftBank also has subsidiaries in online gaming, publishing, and energy, and owns stakes in Alibaba Group and Sprint.Outside of Japan, SoftBank is known for its venture capital investments. In October 2016, it teamed up with Saudi Arabia's Public Investment Fund to lead a $100bn tech fund, named Vision Fund. Through Vision Fund, SoftBank has made some major high-profile investments into tech companies, such as TikTok developer ByteDance, e-commerce platforms like Coupang, Tokopedia and Flipkart, and coworking operator WeWork.
Founded by the charismatic Japanese billionaire Masayoshi Son, SoftBank Group Corp is a multinational conglomerate with assets totaling about $342bn in 2020. SoftBank is best known in Japan for its mobile phone network and distribution business, and it was the sole distributor of the Apple iPhone in Japan until 2011. SoftBank also has subsidiaries in online gaming, publishing, and energy, and owns stakes in Alibaba Group and Sprint.Outside of Japan, SoftBank is known for its venture capital investments. In October 2016, it teamed up with Saudi Arabia's Public Investment Fund to lead a $100bn tech fund, named Vision Fund. Through Vision Fund, SoftBank has made some major high-profile investments into tech companies, such as TikTok developer ByteDance, e-commerce platforms like Coupang, Tokopedia and Flipkart, and coworking operator WeWork.
Indogen Capital on exits, helping foreign startups succeed in Indonesia
Indogen Capital's Managing Partner Chandra Firmanto sheds some light on the VC's partnerships and exits to date, from Venteny to Spacemob
Indonesia 2020: Investors say opportunities still abound despite downturn risk, past year's flops
VCs weigh in on deal flows, valuations, the sectors they favor, and chances of more tech IPOs
Raising $50m second fund, Indogen Capital seeks more international partners and exits
Cooperation is key to Indogen's investment thesis, as it looks to help more foreign VCs and their portfolio startups find success in Southeast Asia's biggest market
Venturra Capital's Raditya Pramana: Bear market "very close now"
In an interview, the Indonesian VC firm's newest partner also charts out the course for their new fund, Venturra Discovery
Beyond ride-hailing: Gojek, Grab and all their friends
Now that Grab and Go-Jek are in a faceoff on a regional scale, here's a look at how Southeast Asia's two biggest unicorns – and their investors – could be shaping the local digital economies and startup ecosystems
“From a record year to a tragic year” – Investor Eneko Knorr on Spain’s 2020 startup funding
Startups should focus on profitability but for investors with leeway, there are still great opportunities, says Spanish angel investor Eneko Knorr. He shares his outlook, top picks and advice on riding out the Covid-19 crisis
Spanish startups and investors rethink strategies as Covid-19 hits funding, valuations
Investors and startups in Spain say most funding has stalled, and share their strategies and advice for coping with the downturn
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