Alibaba Group, an e-commerce firm based in China, and MediaTek, a fabless semiconductor company based in Taiwan, through affiliates are limited partners and members of the advisory committee of the SoftBank PrinceVille Fund.
Japan-based phone and internet services company SoftBank has raised $250m for a corporate venturing fund to invest in growth-stage companies after commitments came from Asian technology companies Alibaba Group and MediaTek.
The SoftBank PrinceVille Investments fund (named after a Hawaii resort, pictured,) will invest in about 12 companies that could use an additional $10m to $20m each, according to Matt Krna, a principal of the fund in its New York office told newswire Bloomberg.
Krna is a new recruit from…
