# SBI Group: portfolio, investments and team

> SBI Group is a growth equity. 56 investments on record, 16 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/sbi-group (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# SBI Group

Last cheque observed Oct 2026; 56 cheques on record.

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Deploying now Growth equity

Venture Series B Series A Venture Capital & Private Equity

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Deploying now

**94%** of best year **16** **cheques in 12 months**, 56 on record

Since the last cheque **2** days **00** hrs **00** min **00** sec

Median round **$14M** Rounds led **5 of 56** Sole investor **17 rounds** Mostly in **United States, 29%**

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## SBI Group highlights

- 01 16 cheques in the last 12 months
- 02 Mostly Venture and Series B: 49% of its rounds
- 03 Sole investor in 17 rounds, median $8.0M

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Venture Capital & Private Equity
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **56 appearances**

- **2026** 14 rounds
- **Oct** **[PhotonPay](https://millionrounds.com/company/photonpay)** Series C · HK · Google News search **$40M** With 4 others
- **Oct** **[Ajaib](https://millionrounds.com/company/ajaib)** Series C · ID · Google News search **$270M** Sole investor
- **Oct** **[Salience Labs](https://millionrounds.com/company/salience-labs)** Series B · GB · Silicon Angle **$125M** With 8 others
- **Aug** **[Fasset](https://millionrounds.com/company/fasset)** Series C · BD · TechStartups **$68M** *Led*
- **Jul** **[Gauntlet](https://millionrounds.com/company/gauntlet)** Series C · US · AlleyWatch **$125M** *Led*
- **Jul** **[Etaily](https://millionrounds.com/company/etaily)** Venture · SG **$18M** With 3 others
- **Jul** **[HarvestX](https://millionrounds.com/company/harvestx)** Venture · JP **$2.7M** With 4 others
- **Jun** **[Digital Asset](https://millionrounds.com/company/digital-asset)** Series F · US · SC Ventures **$355M** With 28 others
- **Jun** **[Morpho](https://millionrounds.com/company/morpho)** Seed · FR · Ventureburn **$175M** With 18 others
- **Jun** **[Clear Street](https://millionrounds.com/company/clear-street)** Debt · US **$400M** Sole investor
- **May** **[Circle Internet Group](https://millionrounds.com/company/circle-internet-group)** US · TechStartups **$222M** With 12 others
- **Apr** **[Kigen](https://millionrounds.com/company/kigen)** Debt · GB **$14M** With 3 others
- **Apr** **[Rakuten Medical](https://millionrounds.com/company/rakuten-medical)** Venture · US **Undisclosed** With 3 others
- **Mar** **[Muhlah](https://millionrounds.com/company/muhlah)** Seed **$7.5M** Sole investor
- **2025** 9 rounds
- **Nov** **[Tharimmune, Inc.](https://millionrounds.com/company/tharimmune-inc)** US · Ventureburn **$540M** With 7 others
- **Nov** **[Third Intelligence](https://millionrounds.com/company/third-intelligence)** Seed · JP **$52M** With 2 others
- **Oct** **[Lancium Technologies](https://millionrounds.com/company/lancium-technologies)** Debt · US **$600M** With 1 other
- **Oct** **[Celaid Therapeutics](https://millionrounds.com/company/celaid-therapeutics)** Series B · JP **$3.6M** Sole investor
- **Oct** **[Matrixtime Robotics](https://millionrounds.com/company/matrixtime-robotics)** Venture **Undisclosed** With 1 other
- **Sept** **[Ridge-i](https://millionrounds.com/company/ridge-i)** JP **$7.2M** With 1 other
- **Aug** **[AND Global](https://millionrounds.com/company/and-global)** Series B · SG **$21M** With 2 others
- **Jul** **[Seal Security](https://millionrounds.com/company/seal-security)** Series A · US **$13M** With 1 other
- **Mar** **[Carbon](https://millionrounds.com/company/carbon)** Seed · US **$2.1M** With 2 others
- **2024** 6 rounds
- **Dec** **[Zodia Custody](https://millionrounds.com/company/zodia-custody)** Venture · GB **Undisclosed** Sole investor
- **Jun** **[DeepForest Technologies](https://millionrounds.com/company/deepforest-technologies)** Series A · JP **$1.3M** With 2 others
- **Mar** **[HarvestX](https://millionrounds.com/company/harvestx)** Series A · JP **$2.7M** With 4 others
- **Feb** **[ZATAP](https://millionrounds.com/company/zatap)** Seed · CH **$50K** Sole investor
- **Feb** **[Integriculture](https://millionrounds.com/company/integriculture)** Venture · JP **$14M** With 3 others
- **Jan** **[KEKKAI](https://millionrounds.com/company/kekkai)** Seed · JP **$1.6M** With 4 others
- **2023** 1 round
- **Sept** **[My Zoi Financial Inclusion Technologies](https://millionrounds.com/company/my-zoi-financial-inclusion-technologies)** Venture **$14M** Sole investor
- **2022** 5 rounds
- **Dec** **[Hyphen Group](https://millionrounds.com/company/hyphen-group)** Venture · HK **$22M** With 3 others
- **Aug** **[SolanaFM](https://millionrounds.com/company/solanafm)** Seed · SG **$4.5M** With 2 others
- **Aug** **[banco](https://millionrounds.com/company/banco)** Series A · SG **$6.7M** With 1 other
- **Aug** **[RABC Group](https://millionrounds.com/company/rabc-group)** Series A · SG **$4.5M** Sole investor
- **Jan** **[Gowid](https://millionrounds.com/company/gowid)** Series B **$4.1M** With 3 others
- **2021** 4 rounds
- **Dec** **[Wirex](https://millionrounds.com/company/wirex)** Series B · GB **$20M** Sole investor
- **Nov** **[Treasure Data](https://millionrounds.com/company/treasure-data)** Venture · US **$234M** With 5 others
- **Oct** **[B2C2](https://millionrounds.com/company/b2c2)** Debt · GB **$450K** Sole investor
- **Jul** **[TBM](https://millionrounds.com/company/tbm)** Venture · JP **$121M** With 2 others
- **2020** 2 rounds
- **Jan** **[WonderFull (Wandou Gongzhu)](https://millionrounds.com/company/wonderfull-wandou-gongzhu)** Series B **$49M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **1** person at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## The cheque

Venture Series B Series A

Median round joined **$14M** the round, not its cheque Alone, median **$8.0M**

Led 5 of 56 rounds **9%**

- **Sole investor:** 17 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Venture *14*
- Series B *11*
- Series A *9*
- Seed *8*
- Series C *5*
- Debt *4*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Apollo](https://millionrounds.com/fund/apollo-global-management) 3
- [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) 3
- [IDG Capital](https://millionrounds.com/fund/idg-capital) 3
- [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) 3
- [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) 3
- [Sumitomo Mitsui Banking Corporation](https://millionrounds.com/fund/sumitomo-mitsui-banking-corporation) 3

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## Who they invest alongside

The investors most often in the same rounds as SBI Group. A count of rooms they were both in, not a relationship either has claimed.

[**Apollo** Private equity **3** rounds together](https://millionrounds.com/fund/apollo-global-management)[**Goldman Sachs** Private equity **3** rounds together](https://millionrounds.com/fund/goldman-sachs)[**IDG Capital** Private equity **3** rounds together](https://millionrounds.com/fund/idg-capital)[**International Finance Corporation** Government **3** rounds together](https://millionrounds.com/fund/international-finance-corporation-ifc)[**SMBC Venture Capital** Investment bank **3** rounds together](https://millionrounds.com/fund/smbc-venture-capital-2)[**Sumitomo Mitsui Banking Corporation** VC firm **3** rounds together](https://millionrounds.com/fund/sumitomo-mitsui-banking-corporation)[**A16z Crypto** VC firm **2** rounds together](https://millionrounds.com/fund/a16z-crypto)[**ANRI** VC firm **2** rounds together](https://millionrounds.com/fund/anri)[**Deepcore** VC firm **2** rounds together](https://millionrounds.com/fund/deepcore)[**General Catalyst** VC firm **2** rounds together](https://millionrounds.com/fund/general-catalyst)[**Gobi Partners** VC firm **2** rounds together](https://millionrounds.com/fund/gobi-partners)[**Liberty City Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/liberty-city-ventures)

## Recently backed

The latest companies SBI Group put money into.

[**PhotonPay** $40M · Oct 2026](https://millionrounds.com/company/photonpay)[**Ajaib** $270M · Oct 2026](https://millionrounds.com/company/ajaib)[**Salience Labs** $125M · Oct 2026](https://millionrounds.com/company/salience-labs)[**Gauntlet** $125M · Jul 2026](https://millionrounds.com/company/gauntlet)[**Etaily** $18M · Jul 2026](https://millionrounds.com/company/etaily)[**Digital Asset** $355M · Jun 2026](https://millionrounds.com/company/digital-asset)

## Quick answers about SBI Group

### What does SBI Group invest in?

SBI Group invests most often at Venture and Series B (49% of the rounds on record), in sectors such as Venture Capital & Private Equity.

### How active is SBI Group?

56 investments on record, 16 of them in the last 12 months, and it led 5. The most recent was in Oct 2026.

### What has SBI Group invested in recently?

Its most recent investments on record: PhotonPay (Series C, Oct 2026), Ajaib (Series C, Oct 2026) and Salience Labs (Series B, Oct 2026).

### How big are SBI Group's cheques?

The median round it joins is $14M.

### Does SBI Group lead rounds?

Sometimes: it led 5 of its 56 investments on record (9%).

### Where does SBI Group invest?

Most of the companies it backs are in the United States (29%), Japan (26%) and the United Kingdom (14%).

### Is SBI Group investing now?

Yes: it is actively investing, with 16 investments in the last 12 months.

### Who does SBI Group invest alongside?

Most often Apollo (3 rounds together), Goldman Sachs (3 rounds together) and IDG Capital (3 rounds together).

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