SoftBank Ventures Asia

Profitability over growth: 5 investors explain their mantra for South Korean startups

Five investors talk about the uniqueness of South Korean startups, how they've fared in a post-pandemic world and their investment thesis.

As tech slumps, SoftBank sells VC unit to Singapore-based firm led by Masayoshi Son’s brother

SoftBank is selling one of its venture capital arms, South Korea-based SoftBank Ventures Asia (SBVA), to The Edgeof, a Singaporean investment firm, according to the two companies.   The deal’s

Seadronix aims to reduce marine accidents at port and sea with AI

South Korean startup Seadronix wants to reduce the issue of marine accidents, 75% of which are caused by human error, according to a 2019 Allianz safety and shipping report. The company just secured a

SoftBank and Demi Lovato back June Homes, a proptech startup emerging from stealth with $50M in funding

June Homes, a proptech startup that aims to make renting less painful and more flexible for both tenants and landlords, is emerging from stealth today with $50 million in total funding. SoftBank Ventu

Singapore’s logistics tech startup Parcel Perform raises $20 million

Singapore-headquartered Parcel Perform, which connects merchants with e-commerce carriers and provides shipment tracking features, said on Wednesday it has raised $20 million in a new financing round

Japanese sneaker platform SODA raises $56.4M, acquires rival Monokabu

SODA runs SNKRDUNK, one of Japan’s largest sneaker reselling platforms with about 2.5 million monthly users.

SoftBank leads $15M round for China’s industrial robot maker Youibot

SoftBank has picked its bet in China’s flourishing industrial robotics space. Youibot, a four-year-old startup that makes autonomous mobile robots for a range of scenarios, said it has notched c

Super, an Indonesian hyperlocal social commerce startup, raises $28M led by SoftBank Ventures Asia

In Indonesia, daily necessities often cost more in smaller cities and rural areas. Super co-founder and chief executive officer Steven Wongsoredjo said the price difference can vary from about 10% to

Tokyo-based SODA, which runs Japan’s largest sneaker resell platform, lands $22 million led by SoftBank Ventures Asia

Tokyo-based SODA, which runs sneaker reselling platform SNKRDUNK, has raised a $22 million Series B led by SoftBank Ventures Asia. Investors also included basepartners, Colopl Next, THE GUILD and othe

Seoul-based payment tech startup CHAI gets $60 million from Hanhwa, SoftBank Ventures Asia

Demand for contactless payments and e-commerce has grown in South Korea during the COVID-19 pandemic. This is good news for payment service operators, but the market is very fragmented, so adding paym

Payments app True Balance raises $28 million to reach more underbanked users in India

True Balance, a South Korean startup which runs an eponymous financial services app aimed at tens of millions of users in small cities and towns in India, said on Wednesday it has raised $28 million i

Daily Crunch: Reviewing the new Apple Watch

We’ve got an in-depth review of the Apple Watch Series 6, Apple gives Facebook a temporary break on App Store fees and Alexis Ohanian is raising a new fund. This is your Daily Crunch for Septemb

Indonesian cloud kitchen startup Yummy gets $12 million Series B led by SoftBank Ventures Asia

Yummy Corporation, which claims to be the largest cloud kitchen management company in Indonesia, has raised $12 million in Series B funding, led by SoftBank Ventures Asia. Co-founder and chief executi

Toss Lab raises $13 million Series B for its collaboration platform JANDI, the ‘Slack of Asia’

As Slack ramps up its investment in Asia, Toss Lab, the South Korea-based creator of enterprise collaboration platform JANDI, is preparing to become a more formidable rival. The startup announced toda

Serialized fiction startup Radish raises $63.2M from SoftBank and Kakao

Radish is announcing that it has raised $63.2 million in new funding. Breaking up book-length stories into smaller chapters that are released over days or weeks is an idea that was popularized in the

Propzy, a Vietnamese offline-to-online real estate platform, raises $25 million Series A

Propzy, a Vietnam-based startup that guides consumers through the entire process of a real estate transaction, has raised a $25 million Series A led by Gaw Capital and SoftBank Ventures Asia, the earl