Global Investment Landscape Reshaped: SoftBank Vision Fund I Closes First Major Raise
In May 2017, the SoftBank Group announced the formal closing of its first major raise for Vision Fund I, reaching a size of nearly $100 billion. Backed by world-renowned financial consortiums and investment firms, including Saudi Arabia's Public Investment Fund, it was the largest private equity fund globally at the time.
BUSINESSES RESHAPING OUR WORLD
global n press
5/25/20171 min read
In May 2017, the SoftBank Group announced the formal closing of its first major raise for Vision Fund I, reaching a size of nearly $100 billion. Backed by world-renowned financial consortiums and investment firms, including Saudi Arabia's Public Investment Fund, it was the largest private equity fund globally at the time.
The Vision Fund aimed to make "large, bold" investments in the world's most promising technology companies, focusing on future industries such as AI, robotics, and the IoT. This marked a new era for global venture capital, significantly accelerating technological development in the Future World.
