The unit has secured $270m in capital for its new early-stage fund ahead of a final close expected to take place in the next six months.
SoftBank Ventures Asia, a corporate venturing vehicle for Japan-headquartered telecommunications and internet group SoftBank, has raised ₩317bn ($270m) for its latest fund, Reuters reported on Friday.
In a statement seen by Reuters, the corporate said the fund is set to reach a final close in the next six months, having sourced a limited partner commitment from South Korea’s National Pension Service.
The unit’s chief executive, JP Lee, told Reuters in March 2019 that SoftBank intends to provide as much…
