SoftBank Vision Fund and Delta Fund Segment

SB Synergy Group strategy
to accelerate the Information Revolution

The SoftBank Vision Fund and Delta Fund segment was created under the strongly belief that the next stage of the Information Revolution is underway, and that building the businesses to make this happen will require unprecedented large-scale and long-term investment. To this purpose, the SoftBank Vision Fund and Delta Fund invest in foundational platform businesses seeking to enable the next age of innovation.

Basic information

Main Business Investment activities through the SoftBank Vision Fund and Delta Fund
Core Company SoftBank Vision Fund L.P.
SB Delta Fund (Jersey) L.P.

Overview

To realize its SoftBank 2.0 vision, the SoftBank Group has been constructing a strategic synergy group by investing in innovative technologies and entrepreneurs that are pioneering the future.

As an extension of this vision, the SoftBank Vision Fund and Delta Fund are making even bolder and longer-term minority and majority investments in both private and public companies, from emerging technology businesses to established companies requiring substantial growth funding. SVF is active across a wide range of technology sectors, including the Internet of Things (IoT), artificial intelligence (AI), robotics, mobile applications and computing, communications infrastructure and telecoms, computational biology and other data-driven business models, cloud technologies and software, consumer internet businesses and financial technology.

Outline of the Funds in the Segment

(As of December 31, 2017)
SoftBank Vision Fund Delta Fund
Major limited partnerships SoftBank Vision Fund L.P. SB Delta Fund (Jersey) L.P.
Total committed capital $91.7 billion*1 $6.0 billion*1
SoftBank Group Corp.: $28.1 billion*2 SoftBank Group Corp.: $4.4 billion
Third-party investors: $63.6 billion*1 Third-party investors: $1.6 billion*1
Limited partners
  • SoftBank Group Corp.
  • Public Investment Fund
  • Mubadala Investment Company
  • Apple
  • Foxconn Technology Group
  • Qualcomm Incorporated
  • Sharp Corporation
  • SoftBank Group Corp.
  • Mubadala Investment Company
General partners SVF GP (Jersey) Limited
(SoftBank Group Corp.'s wholly-owned overseas subsidiary)
SB Delta Fund GP (Jersey) Limited
(SoftBank Group Corp.'s wholly-owned overseas subsidiary)
Advisory companies SoftBank Group Corp.'s wholly-owned overseas subsidiaries (in Japan and the U.S.)
Management company SoftBank Group Corp.'s wholly-owned overseas subsidiary (in the U.K.)
Investment period Five years from final closing*3 (in principle)
Minimum fund life 12 years from the final closing*3
[Notes]
  • *1
    A portion of the capital committed by Mubadala Investment Company in SoftBank Vision Fund and Delta Fund has been committed in consideration of the total capital committed for both funds; hence, the total committed capital and remaining committed capital for each fund will change according to the status of contribution by Mubadala Investment Company in each fund.
  • *2
    The amount includes approximately $8.2 billion of an in-kind contribution of Arm shares.
  • *3
    The Company expects the final closing of SoftBank Vision Fund to complete in the three month period ending June 30, 2018. The final closing of Delta Fund completed on September 27, 2017.

Major investees

Investees
Company name
(in alphabetical order)
Businesses
SoftBank Vision Fund Arm Holdings plc Semiconductor technology designer
Brain Corporation AI-based autonomous driving system developer
Fanatics Holdings, Inc. Online retailer of licensed sports merchandise
Flipkart Limited (Flipkart) e-commerce
Guardant Health, Inc. Cancer diagnosis through genomic analysis
Improbable Worlds Limited VR/AR development tools
MapBox Inc. Geographical information platform
Nauto, Inc. AI-based safe-driving support services
NVIDIA Corporation GPU developer
One97 Communications Limited(PayTM) Online payment services
Oravel Stays Private Limited (OYO Rooms) Hotel booking site
OSIsoft LLC Industrial IoT solutions
PingAn Health Cloud Co. Limited Online healthcare portal
Plenty United Inc. Indoor farm plant
Roivant Sciences Ltd. Biopharmaceutical drug developer
Slack Technologies, Inc. Business chat tool
Vir Biotechnology, Inc. Pharmaceutical drug development for infectious diseases using AI
WeWork Companies Inc. (WeWork) Co-working space services
Zhongan Online P&C Insurance Online insurance
Delta Fund Xiaoju Kuaizhi Inc. (DiDi) Ridesharing services
[Note]
  • *
    Investments acquired by the SoftBank Vision Fund and Delta Fund or agreed to be transferred from the Company as of December 31, 2017. These exclude those investments subject to certain regulatory approvals.