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  1. Open Opportunity Fund | Home

  2. SoftBank seeks OpenAI tie-up as Son plans deal spree after Arm …

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    Softbank is selling its Open Opportunity Fund to its chairman and managing partner, Paul Judge, and Marcelo Claure, who is being appointed the fund’s vice chairman and general partner. Judge and Claure will fully own the firm’s $100 million Open Opportunity Fund 1, the $150 million Fund 2, as well as the entire portfolio.
    SoftBank has launched a second fund under its Opportunity Growth Fund to raise and invest $150 million in Black and Latino-led startups. The Japanese conglomerate is also rebranding the effort, calling it “ ,” and has appointed Paul Judge as the fund’s chairman.
    SoftBank said its other funds, such as Vision Fund 2, will continue to invest selectively within the OOF portfolio. Sixty-one percent of the fund’s portfolio are Black-owned companies, while 43% are Latino-founded (the number adds up to more than 100% because some companies identify as Afro-Latino.)
    OpenAI logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights Sept 16 (Reuters) - SoftBank (9984.T) is looking for deals in artificial intelligence (AI), including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday.
  4. SoftBank divests fund for startups with black and Latin founders

  5. SoftBank's Open Opportunity Fund Acquired by Chairman and …