SoftBank Vision Fund makes 1st Japan investment with biotech firm

Aculys draws $59m as tech group diversifies portfolio beyond U.S. and China

20211028N SoftBank logo

SoftBank Group has been focusing more on smaller investments beyond the U.S. and China in its second Vision Fund. (Photo by Yoichi Iwata)

MASAAKI KUDO and TAIZO WADA, Nikkei staff writers

TOKYO -- SoftBank Group's Vision Fund has invested in a Japanese company for the first time, Nikkei has learned, as the tech investor accelerates a push for geographic diversity in its portfolio.

The Vision Fund led a 6.8 billion yen ($59.7 million) investment into Aculys Pharma, a biotech startup co-founded in January by Kazunari Tsunaba, the former president of the Japanese arm of Novartis.

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