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SoftBank takes the brakes off Vision Fund with $22bn bet
source link: https://www.telegraph.co.uk/technology/2021/07/25/softbank-takes-brakes-vision-fund-22bn-bet/
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SoftBank takes the brakes off Vision Fund with $22bn bet
Chief Masayoshi Son's second Vision Fund has made 64 investments already so far this year
25 July 2021 • 6:00am
The second Vision Fund has been involved in $21.9bn of deals this year
Credit: KAZUHIRO NOGI/AFP
Phil Libin wasn’t looking for investors. His video app, "mmhmm", had raised $31m (£23m) just a few months earlier, enough for the Silicon Valley company to operate for the next two years. But when SoftBank discovered that venture capital funds had started to offer the year-old company more cash, it refused to be left out....
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