SoftBank Ventures Asia co-leads $3.2m Series A funding in South Korea’s Sketchsoft

Sketchsoft team.

SoftBank Ventures Asia, the early-stage venture capital arm of SoftBank Group, announced that it has co-anchored the $3.2-million Series A funding in Sketchsoft, a South Korean 3D sketch software developer.

The funding round was also co-led by Korean venture capital firm SV investment and backed by the early-stage VC firm Bluepoint Partners.

Sketchsoft, established in 2020 by Dr Kim Yongkwan, is a tech-based startup that aims to reduce the complexity of existing 3D creative tools and facilitate the easier expression of ideas in 3D data.

Its flagship product, called Feather, is a 3D sketch software that enables artists and designers to draw their concepts in 3D easily.

“Our vision for Sketchsoft is to create a tool that can help creators produce their ideas directly in a three-dimensional format as easily as if recording their thoughts in a notepad,” Kim said.

The investment marks SoftBank Ventures Asia’s debut investment into the digital creation industry and reinforces its confidence in the potential of future technologies, including AI and robotics, as per the announcement.

This year, it has participated in early-stage funding rounds for three AI startups — MarqVision, an AI-powered IP protection platform that automates reporting and detection of counterfeits; VoyagerX, which develops AI-based solutions such as mobile scanner and video editing apps; and Upstage, whose main cloud solution can standardise and automate key tasks in an enterprise.

SoftBank Ventures Asia was founded in 2000 to make ICT investments in the fields of AI, IoT, and smart robotics.

The early-stage venture investor currently operates approximately $1.5 billion assets under management, investing in innovative technology start-ups across the world.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.