SoftBank Vision Fund moves closer to VC 'normality' amid market chill

Low-key stake in AI company points to shift from series of splashy investments

20230719N SoftBank

SoftBank Group Chairman and CEO Masayoshi Son is known for his snap investing decisions, but the Vision Fund is moving toward a different tack. (Photo by Mayumi Tsumita)

AKIRA YAMASHITA and MASAYUKI SHIKATA, Nikkei staff writers

LONDON/TOKYO -- The latest investment by SoftBank Group's Vision Fund is a surprisingly safe choice that signals a departure from the daring moves of the past, as the Japanese tech giant reins in the venture capital business to a more stable place.

The Vision Fund led a $65 million funding round this month for British fintech company Tractable, its first new investment to come to light so far this year.

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