Investments
233Portfolio Exits
28Funds
12About Softbank Ventures Asia
SoftBank Ventures Asia (SBVA) is a venture capital firm and the venture arm of SoftBank. The firm makes minority investments in seed-stage, early-stage, and later-stage companies. The firm prefers investment in firms operating in the media, software, mobile, artificial intelligence, machine learning, edTech, finTech, virtual reality, and e-commerce sectors. It was formerly known as SoftBank Ventures Korea. The company was founded in 2000 and is based in Seoul, South Korea.
Latest Softbank Ventures Asia News
Nov 18, 2023
| Nov. 18, 2023 11:46 AM PST Photo: Greg Brockman and Sam Altman at a fireside chat organized by SoftBank Ventures Asia on June 5 in Seoul. Sam Altman, the recently ousted CEO of OpenAI, has been telling investors that he is planning to launch a new venture, according to a person familiar with the matter. Former OpenAI president Greg Brockman is expected to join the effort and the project is still in development, the person said. Altman was fired suddenly by the OpenAI board of directors on Friday. Shortly after, Brockman—who was removed as chairman of the board—resigned. Three OpenAI leaders have since quit and people close to the company expect several more exits in the coming days. Many of those employees could join a new venture with Altman and Brockman. Join now to read the full story Get access to exclusive coverage Read deeply reported stories from the largest newsroom in tech.
Softbank Ventures Asia Investments
233 Investments
Softbank Ventures Asia has made 233 investments. Their latest investment was in Class101 as part of their Bridge on November 11, 2023.
Softbank Ventures Asia Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/9/2023 | Bridge | Class101 | $12.2M | No | 2 | |
11/6/2023 | Series A | ImpriMed | $23.08M | Yes | 3 | |
9/17/2023 | Seed VC | Artue | $3.01M | Yes | Undisclosed Angel Investors | 2 |
7/26/2023 | Series D - II | |||||
6/29/2023 | Series A - II |
Date | 11/9/2023 | 11/6/2023 | 9/17/2023 | 7/26/2023 | 6/29/2023 |
|---|---|---|---|---|---|
Round | Bridge | Series A | Seed VC | Series D - II | Series A - II |
Company | Class101 | ImpriMed | Artue | ||
Amount | $12.2M | $23.08M | $3.01M | ||
New? | No | Yes | Yes | ||
Co-Investors | Undisclosed Angel Investors | ||||
Sources | 2 | 3 | 2 |
Softbank Ventures Asia Portfolio Exits
28 Portfolio Exits
Softbank Ventures Asia has 28 portfolio exits. Their latest portfolio exit was Socar on August 22, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
8/22/2022 | IPO | Public | 3 | ||
7/21/2022 | IPO | Public | 2 | ||
3/28/2022 | Corporate Majority | 1 | |||
Date | 8/22/2022 | 7/21/2022 | 3/28/2022 | ||
|---|---|---|---|---|---|
Exit | IPO | IPO | Corporate Majority | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | Public | |||
Sources | 3 | 2 | 1 |
Softbank Ventures Asia Acquisitions
1 Acquisition
Softbank Ventures Asia acquired 1 company. Their latest acquisition was SYSTRAN on August 11, 2020.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
8/11/2020 | Acq - Fin | 4 |
Date | 8/11/2020 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acq - Fin |
Sources | 4 |
Softbank Ventures Asia Fund History
12 Fund Histories
Softbank Ventures Asia has 12 funds, including Future Innovation No. 3 Private Equity Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
12/27/2021 | Future Innovation No. 3 Private Equity Fund | $197M | 1 | ||
12/23/2019 | Growth Acceleration Fund | Early-Stage Venture Capital | Open | $341M | 21 |
12/31/2018 | SB Next Media Innovation Fund | Early-Stage Venture Capital | Closed | $173.76M | 1 |
12/31/2018 | Global Opportunity Private Equity Fund | ||||
9/20/2018 | China Ventures Fund I |
Closing Date | 12/27/2021 | 12/23/2019 | 12/31/2018 | 12/31/2018 | 9/20/2018 |
|---|---|---|---|---|---|
Fund | Future Innovation No. 3 Private Equity Fund | Growth Acceleration Fund | SB Next Media Innovation Fund | Global Opportunity Private Equity Fund | China Ventures Fund I |
Fund Type | Early-Stage Venture Capital | Early-Stage Venture Capital | |||
Status | Open | Closed | |||
Amount | $197M | $341M | $173.76M | ||
Sources | 1 | 21 | 1 |
Softbank Ventures Asia Team
4 Team Members
Softbank Ventures Asia has 4 team members, including current Chief Executive Officer, Managing Partner, Joonpyo Lee.
Name | Work History | Title | Status |
|---|---|---|---|
Joonpyo Lee | SoftBank, KT Corporation, Enswers, and Evixar | Chief Executive Officer, Managing Partner | Current |
Name | Joonpyo Lee | |||
|---|---|---|---|---|
Work History | SoftBank, KT Corporation, Enswers, and Evixar | |||
Title | Chief Executive Officer, Managing Partner | |||
Status | Current |
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