SoftBank Unveils Vision Fund 2, With Expected Capital of at Least $108 Billion

Vision Fund 1 invested in Nvidia, Slack, Uber and other hot tech stocks.
By Rob Daniel ,

Tokyo investment giant SoftBank Group on Friday unveiled its $108 billion+ "Vision Fund 2," a second giant venture-capital pool designed to invest in cutting-edge technologies.

The massive fund will serve as a followup to SoftBank's hugely successful $98.6 billion Vision Fund 1, which put early money into such hot tech firms as DoorDash, Nvidia (NVDA) - Get Report , Slack (WORK) - Get Report , Uber (UBER) - Get Report and WeWork. Vision Fund 1 -- which required investors to pony up a $100 million minimum to participate -- was much larger than any other single investment fund in history, according to The Wall Street Journal.

As for Vision Fund 2, SoftBank said in a statement that it expects to raise at least $108 billion of capital for the new investment pool, which will focus on artificial-intelligence companies.

SoftBank said it intends provide about $38 billion of the money itself and raise some $70 billion from other parties. Companies that have already executed memoranda of understanding to invest in the fund include Apple (AAPL) - Get Report  , Microsoft (MSFT) - Get Report , a number of Japanese financial-services companies and Foxconn, the Taiwanese contract-manufacturer of Apple iPhones and other products.

The Journal reported that Goldman Sachs (GS) - Get Report also is in active talks to invest in the fund.

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