U

SoftBank Ventures Asia

Investor South Korea Founded 2000
Last Update Apr 13, 2023

SoftBank Ventures Asia News

1 article
Apr 12, 2023 · news.bloomberglaw.com
growth-negative
SoftBank Sells Early Stage VC Arm to Entity Led by Taizo Son
SoftBank Group Corp. plans to sell its early-stage venture capital arm, SoftBank Ventures Asia Corp., to an entity led by Taizo Son, the founder of Mistletoe. The sale comes after SoftBank suffered significant losses from failed startup bets. SoftBank Ventures Asia, based in Seoul and with $2 billion in assets under management, has invested in companies like Socar Inc. and Indonesian social commerce startups. The article discusses the sale and the involvement of Taizo Son in leading the acquiring entity.
Partners