SoftBank's $100b Vision Fund to shed 15% of staff

SoftBank's $100b Vision Fund to shed 15% of staff

The Vision Fund's $100 million backing for Biofourmis, a U.S. startup that tracks health data using wearable devices, highlights its new focus on early-stage investments. (Photo courtesy of Biofourmis)

SoftBank Group’s $100 billion Vision Fund is shedding 15% of its staff following the investment vehicle’s aggressive bets on startups that wiped $16.7 billion off its value, Nikkei has learned.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter