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Aya Lin · · 1 min readIn brief: SoftBank Ventures Asia raises $270m for early-stage investments
- SoftBank Ventures Asia, SoftBank’s Seoul-based venture capital unit, has raised a US$270 million fund for early-stage startup investments globally, with a focus on Asia, Reuters reported.
- The new fund, which aims to close in the next six months with investors including South Korea’s National Pension Service, signals the company’s renewed appetite for early-stage investing.
- While SoftBank’s Saudi-backed US$100 billion Vision Fund bestrides the investing scene for late-stage startups, the group’s chief operating officer, Marcelo Claure, launched a US$5 billion Latin American-focused fund earlier this year.
Editing by Charmaine de Lazo
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