Softbank Ventures Asia Rebrands as SBVA, Launches $150M Fund

Seoul, South Korea - Softbank Ventures Asia is changing its name to SBVA. 

With the change in corporate identity, the company has announced the launch of the "2023 Alpha Korea Fund," with a size of KRW 200 billion (USD 150 million).

Investors (LP) include Korea Development Bank (KDB) as the anchor LP, SoftBank Group Corp.(SBG), Hanwha Life, Industrial Bank of Korea (IBK), Nexon, KB Capital, and others.

SBVA will focus on early to mid-stage AI, robotics, and computing startups. 

SBVA will focus its investments in enterprise software, healthcare, content, and industry-specific deep tech within the industry verticals.

The Edgeof acquired the company from SoftBank Group Corp.(SBG) in June last year.