SoftBank to Sink $100m into New Consumer Tech Investor: FT

(AF) SoftBank’s second Vision Fund plans to invest $100 million in a separate vehicle geared towards nurturing consumer tech startups, the latest in a streak of deals struck by the Japanese investing powerhouse, according to the Financial Times.

Honor Ventures, which already manages $30 billion of Softbank’s assets and is run by former partner Jeff Housenbold, hopes to raise as much as $600m for the new fund, the report stated, citing sources. Full story: Financial Times

Also on AF: SoftBank-Backed Indian Insurance Platform Policybazaar Files for $809m IPO

Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.

You Might also Like

Huawei's Smart Car Tech Gives Foreign Brands A Way Into China

NATO Warns China: Good Ties at Risk, if You Keep Backing Russia

If Legal Fight Fails, ByteDance 'Would Prefer to Shut TikTok in US'

Pure O2 Key to World’s First Carbon-Neutral Cement Plant – IE