SoftBank Group announced it lined up about $108 billion in contributions for its second Vision Fund, with Microsoft a key supporter of the second round.
In a statement, the Japanese company, which launched the first Vision Fund in 2016, said it plans to invest $38 billion, which aims to facilitate the “continued acceleration of the AI revolution through investment in market-leading, tech-enabled growth companies”.
Other investors in Vision Fund 2 include Apple and Foxconn, which invested in the first fund, as well as the National Investment Corporation of National Bank of Kazakhstan, Standard Chartered Bank, a number of Japanese financial institutions and undisclosed companies from Taiwan.
SoftBank said it is holding discussions with additional participants and the total anticipated capital contribution is expected to increase.
Masayoshi Son, the company’s founder and chief executive (pictured), revealed in February it planned to create a second massive investment pot.
SoftBank invested almost half of its $98.6 billion Vision Fund in the first 18 months of operation. Sovereign wealth funds of Saudi Arabia and Abu Dhabi contributed $60 billion.