SoftBank’s second Vision Fund poured about $13bn into more than 50 companies during the second quarter, according to two people briefed on the numbers, marking a sharp increase in the pace of its investments.
During the first three months of the year, the fund invested less than $2bn in fewer than two dozen companies, according to public disclosures. Many of its latest investments had not yet been publicly announced, one of the people said.
SoftBank’s increase in spending comes as other deep-pocketed investors such as Tiger Global Management have pumped money into highly valued start-ups, contributing to the most active first half for private tech funding on record.