- SoftBank participated in $ 6.2 billion in funding rounds for healthcare companies in 2021.
- That’s up from 2020, when he participated in a fundraiser worth $ 1.2 billion, according to data from PitchBook.
- While this is in part due to larger checks, SoftBank has also tripled its number of investments this year.
SoftBank is disrupting digital health as we know it.
He participated in fundraising rounds worth $ 6.2 billion in 2021 at 25 companies. That’s an increase from the $ 1.2 billion in tours he took part in in 2020 at seven companies, according to PitchBook data. Funding Amount indicates the total amount raised by the company in a single funding round, which means that SoftBank did not necessarily invest the full round amount independently.
Most recently, on November 4, he announced that he had led a $ 150 million Series D fundraiser for Papa, a Miami-based senior care startup.
SoftBank’s Vision Fund II stands at $ 30 billion, one of the largest funds ever deployed by a private investment firm. He raised his target to $ 30 billion from $ 20 billion in May, citing earnings from his current portfolio as a reason to continue investing in the second fund.
Many of its largest holdings are in biotech companies, where Managing Director Deep Nishar has built a reputation as a prolific investor. Nishar said in September that he was retiring from the fund at the end of the year and has since been hired at venture capital firm General Catalyst.
The majority of SoftBank’s healthcare investments are now overseen by Nagraj Kashyap. Kashyap is responsible for the company’s consumer investment practice, which has overseen major investments in technology companies such as hotel management software maker Cloudbeds and athletics company Vuori. Since joining the company in February, he has also supported some consumers-
like Cityblock Health and Elemy.
Using PitchBook data confirmed by company officials, Insider compiled SoftBank’s 12 biggest healthcare investments over the past two years.
The list represents only SoftBank’s investments in the United States and was limited to investments of $ 150 million or more. The investments all come from SoftBank’s $ 30 billion Vision Fund II investment fund.