These include investing a reported $2.5bn in Indian e-commerce company Flipkart, as well as leading a $1.1bn funding round for Swiss drug developer Roviant Sciences and contributing the bulk of a $1bn capital injection into US-based sports e-commerce platform Fanatics.
The Vision Fund was originally announced in autumn 2016 and has successfully sought backing from investors ranging from Apple, Foxconn and Sharp as well as sovereign wealth funds from Saudi Arabia and Abu Dhabi.
In addition to these and many other new investments, SoftBank has agreed to transfer some of its own holdings to the fund. These include a 25% share in ARM Holdings, a UK-based chip manufacturer it acquired in 2016, as well as the company’s stakes in SoFi, an online personal finance company, and OneWeb, a satellite-based internet provider.
The Vision Fund was created to help SoftBank implement its “SoftBank 2.0” strategy…
