Press Releases 2019 July 19, 2019 SoftBank Group Corp. SoftBank Group Corp. (`SBG`) announced that on July 19, 2019, `Growth Acceleration Fund` (the `Fund`) was established and completed its first closing with committed capital of KRW 317,380 million (USD 269 million*). SoftBank Ventures Asia Corp. (`SBVA`), a wholly owned overseas subsidiary of SBG, works as a general partner (the `General Partner`) for the Fund. 1. Objective of the Fund The Fund was established to invest in early stage startups globally with a particular focus on Asia. SBG, SoftBank Korea Corp. (`SBK`), a wholly owned subsidiary of SBG, and SBVA participate in the Fund. In addition, multiple institutional investors,...
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