SoftBank has thrown its weight behind Yahoo Japan and Sinar Mas-backed EV Growth’s inaugural fund, helping it achieve an oversubscribed close of $200m.
EV Growth, a Singapore-based joint venture by conglomerate Sinar Mas, internet company Yahoo Japan and venture capital firm East Ventures, has closed a $200m investment fund, Business Times reported today.
Telecommunications conglomerate SoftBank, growth equity firm Pavilion Capital and asset manager Indies Capital all contributed to the fund alongside a range of unnamed additional regional investors, and it was oversubscribed from its initial target of $150m.
EV Growth was formed in March 2018 by Sinar Mas Digital Ventures (SMDV)…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
