SoftBank's Vision Fund records best performance since 2017; group profit hits $11 billion.

SoftBank shares have risen by over 200% since mid-March.


Alfred Lee

10 Feb, 2021

SoftBank's Vision Fund records best performance since 2017; group profit hits $11 billion. | BEAMSTART News

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SoftBank's Vision Fund, the largest venture capital fund in the world pioneered by Masayoshi Son, has recorded its best performance since 2017.

The fund, which invested in several notable companies ranging from Uber, Grab, ByteDance, and many others, reported $13 billion in gains for Q4 2020.

Vision Fund's significant performance has also brought SoftBank Group's overall net profit to $11.1 billion.

SoftBank founder, Masayoshi Son.

A large part of Vision Fund's gains can be attributed to DoorDash going public, as well as Uber's rise in market capitalization.

As of early 2021, SoftBank's $7.7 billion investment in Uber was worth $11.3bn, while its $680 million investment in DoorDash was valued at $9 billion.

As of December 31st 2020, close to half of Vision Fund's investments were exited or listed.

SoftBank shares have risen over 200% since mid-March.

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