Japanese Investor Takes Cautious Approach - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Japanese Investor Takes Cautious Approach

U.S. companies under the umbrella of Softbank Corp. must put their European expansion plans on hold following the Japanese Internet and technology investor's decision to freeze investments by European incubator @Viso, a joint venture with French entertainment company Vivendi Universal.

Softbank said earlier this month that it will close @Viso offices in Spain and the Netherlands and that its plans to open a Milan office have been put on hold. Softbank also said that it has closed London-based EVentures, set up last year with $450 million in a partnership with Rupert Murdoch's News Corp.

"The strategy on which EVentures was focused assumed vigorous expansion on the part of portfolio companies and depended on receptive local public markets," says a spokeswoman at Softbank International Ventures, who added that the investor will now focus on early-stage companies in Europe. Its largest fund in Europe is Softbank Europe Ventures, a $500 million fund with offices in London, Paris, and Munich.

"We still believe there is opportunity overseas, but in the current climate where capital is more scarce, companies must have a stronger business case -- customers --before entering," says Scott Russell, principal managing director at Softbank Venture Capital in Mountain View, Calif.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
Remote Work Tops SF, NYC for Most High-Paying Job Openings
Jessica Davis, Senior Editor, Enterprise Apps,  7/20/2021
Slideshows
Blockchain Gets Real Across Industries
Lisa Morgan, Freelance Writer,  7/22/2021
Commentary
Seeking a Competitive Edge vs. Chasing Savings in the Cloud
Joao-Pierre S. Ruth, Senior Writer,  7/19/2021
Register for InformationWeek Newsletters
Video
Current Issue
Monitoring Critical Cloud Workloads Report
In this report, our experts will discuss how to advance your ability to monitor critical workloads as they move about the various cloud platforms in your company.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll