![]() ![]() ![]() The total fair value of the Vision Fund portfolios was $138 billion as of March 31, according to SoftBank. The FTX collapse alone led to SoftBank writing down its entire $97 million investment in the crypto exchange. With unique funding data and other insights, Crunchbase Enterprise is the best way for us to create targeted lists of newly-funded accounts that are ready to buy. Hightail, formerly YouSendIt, provides tools that empower you to share and control your content like a professional. ![]() In addition, geopolitical tensions, a banking crisis and crypto’s ups and downs have led to more uncertainty and roiling the private sector. The Vision Fund unit has been battered in the past year as tech stocks in the public market sank, bringing down the valuation of many startups in the private market. Uncover startup trends, get company funding data. In fact, in the last three quarters it has only invested $1 billion total. Crunchbase is the leading destination for company insights from early-stage startups to the Fortune 1000. In Q1 of fiscal year 2021, the segment made $15.6 billion in investments, but in the most recent quarter it only deployed $400 million in capital. While SoftBank may see some potential for investment, it has substantially cut back the cash it has deployed. This year, the Japan-based investment giant said it will play both offense and defense as it sees significant opportunities in the rise of generative AI. Crunchbase’s subscription software now counts more than 60,000 paying users that put the company on track to reach 38 million in ARR by the end of the year. Pulling backĪ year ago, the declining private market led SoftBank founder Masayoshi Son to tell investors there will be stricter investing criteria moving forward and a more defensive posture. The losses from the unit - which included SoftBank’s Vision Fund 1, Vision Fund 2 and its LatAm Funds that focus on Latin America - led the SoftBank Group as a whole to record a net loss of $7.2 billion. ![]()
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