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SoftBank Capital

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SoftBank Capital
Company typeLimited liability company
IndustryVenture capital
Founded1995 (1995)
HeadquartersNewton, Massachusetts, United States[1]
ProductsInvestments
ParentSoftbank Holdings Edit this on Wikidata
Websitewww.softbank.com

SoftBank Capital is a venture capital group in the United States, focusing on technology and telecom early stage businesses. It was founded by SoftBank.[2][3][4][5] Since 2015[6] it does not actively make investments, but it continues to oversee its prior portfolio.[7]

History

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The investment branch of the Japanese telecom company, SoftBank Corp.,[7] the SoftBank Capital firm was established and initially led by four partners: Ron Fisher, Eric Hippeau, Steve Murray, and Michael Perlis. The company is a member of National Venture Capital Association.[citation needed]

In November 2011, Mike Perlis stepped down as general partner at SoftBank Capital to become CEO of Forbes Media.[8]

In 2013, it created a $250 million growth fund for companies such as Alibaba and MediaTek.[9]

SoftBank Capital was closed by SoftBank in 2015.[6] Although not making active investments, as of late 2017 it continued to oversee its prior portfolio.[7]

See also

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References

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  1. ^ SEC Form ADV
  2. ^ Rowley, Jason (August 9, 2017). "How SoftBank's $100B fund is in a league all its own". TechCrunch. Retrieved December 29, 2017.
  3. ^ Del Rey, Jason (July 16, 2015), SoftBank Capital to Wind Down as Nikesh Arora Shifts Investing Strategy, Recode, retrieved December 29, 2017
  4. ^ Shontell, Alyson (May 30, 2013). "SoftBank Capital Raises $53 Million Fund To Continue Investing In New York Startups". Business Insider. Retrieved December 29, 2017.
  5. ^ Colao, J. J. (February 12, 2013). "Head East Young Startup: SoftBank Capital Wants To Take You To Asia". Forbes. Retrieved December 29, 2017.
  6. ^ a b "SoftBank to shut down venture capital arm: report". livemint. July 17, 2015. Retrieved December 29, 2017.
  7. ^ a b c About Us, retrieved December 29, 2017, Capital is not currently making investments into new portfolio companies but remains passionately committed to its existing investments by providing counsel, advice, recruiting candidates, business development contacts, and follow on investment support.
  8. ^ Primack, Dan (January 7, 2011). "Softbank Capital on Perlis defection: No big deal". Fortune. Retrieved December 29, 2017.
  9. ^ Zielenziger, David (February 7, 2013). "SoftBank Capital Creates $25OM Venture Capital Fund For 'Growth' Companies With Alibaba, MediaTek". IBT. Retrieved December 29, 2017.