# SoftBank Vision Fund 2: portfolio, investments and team

> SoftBank Vision Fund 2 is a growth equity. 16 investments on record, 8 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/softbank-vision-fund-2 (Millionrounds; every figure on the page links to its filing or article)

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

# SoftBank Vision Fund 2

Last cheque observed Oct 2026; 16 cheques on record.

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Deploying now Growth equity

Series C Series D Growth

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Deploying now

**100%** of best year **8** **cheques in 12 months**, 16 on record

Since the last cheque **1** days **00** hrs **00** min **00** sec

Median round **$130M** Rounds led **9 of 16** Sole investor **1 rounds** Mostly in **United States, 60%**

Pitch SoftBank Vision Fund 2

## SoftBank Vision Fund 2 highlights

- 01 8 cheques in the last 12 months
- 02 Mostly Series C and Series D: 58% of its rounds
- 03 Sole investor in 1 rounds, median $165M

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **16 appearances**

- **2026** 7 rounds
- **Oct** **[Agility Robotics](https://millionrounds.com/company/agility-robotics)** US · Securities.io **$465M** With 7 others
- **Aug** **Zenity** Series C · IL · TechStartups **$125M** With 10 others
- **Jul** **[Emergent](https://millionrounds.com/company/emergent)** Series C · US · TechCrunch **$130M** With 10 others
- **Jun** **[Helion](https://millionrounds.com/company/helion)** Growth · US · TechCrunch **$465M** With 11 others
- **Feb** **[Wayve](https://millionrounds.com/company/wayve)** Series D · GB · TechCrunch **$1.2B** *Led*
- **Jan** **[Emergent](https://millionrounds.com/company/emergent)** Series B · IN · TechCrunch **$70M** *Led*
- **Jan** **[Cast AI](https://millionrounds.com/company/cast-ai)** TechStartups **Undisclosed** *Led*
- **2025** 6 rounds
- **Nov** **[Metropolis Technologies](https://millionrounds.com/company/metropolis-technologies)** Series D · US · Crunchbase News **$500M** With 8 others
- **Apr** **[Cast AI](https://millionrounds.com/company/cast-ai)** Series C · US · TechCrunch **$108M** *Led*
- **Mar** **[Terabase Energy](https://millionrounds.com/company/terabase-energy)** Growth · US · SJF Ventures **$130M** *Led*
- **Feb** **[Zeta](https://millionrounds.com/company/zeta)** Series D · IN · TechCrunch **$50M** *Led*
- **Jan** **[Helion Energy](https://millionrounds.com/company/helion-energy)** Series F · US · Crunchbase News **$425M** With 10 others
- **Jan** **[Leyden Labs](https://millionrounds.com/company/leyden-labs)** NL · Silicon Canals **$70M** With 9 others
- **2021** 2 rounds
- **Sept** **[DICE](https://millionrounds.com/company/dice)** Series C · GB · Firms' own news pages **$122M** *Led*
- **Jul** **[Embark](https://millionrounds.com/company/embark)** Series B · US · Firms' own news pages **$75M** *Led*
- **Undated** 1 round
- **-** **[Clarify Health Solutions](https://millionrounds.com/company/clarify-health-solutions)** US · Firms' own news pages **$165M** *Led*

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 cheque

Series C Series D Growth

Median round joined **$130M** the round, not its cheque Alone, median **$165M**

Led 9 of 16 rounds **56%**

- **Sole investor:** 1 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Series C *4*
- Series D *3*
- Growth *2*
- Series B *2*
- Series F *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) 6
- [SoftBank](https://millionrounds.com/fund/softbank-2) 5
- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 4
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 3
- [F-Prime Capital](https://millionrounds.com/fund/f-prime) 2
- [G2 Venture Partners](https://millionrounds.com/fund/g2-venture-partners) 2

**Pitching SoftBank Vision Fund 2?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as SoftBank Vision Fund 2. A count of rooms they were both in, not a relationship either has claimed.

[**SoftBank Vision Fund** VC firm **6** rounds together](https://millionrounds.com/fund/softbank-investment-advisers)[**SoftBank** Investment firm **5** rounds together](https://millionrounds.com/fund/softbank-2)[**Lightspeed Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Y Combinator** Accelerator **3** rounds together](https://millionrounds.com/fund/y-combinator)[**F-Prime Capital** VC firm **2** rounds together](https://millionrounds.com/fund/f-prime)[**G2 Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/g2-venture-partners)[**Khosla Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/khosla-ventures)[**Mithril Capital** Investment firm **2** rounds together](https://millionrounds.com/fund/mithril-capital)[**NVIDIA** Company **2** rounds together](https://millionrounds.com/fund/nvidia)[**SE Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/se-ventures)[**Slow Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/slow-ventures)

## Recently backed

The latest companies SoftBank Vision Fund 2 put money into.

[**Agility Robotics** $465M · Oct 2026](https://millionrounds.com/company/agility-robotics)[**Emergent** $130M · Jul 2026](https://millionrounds.com/company/emergent)[**Wayve** $1.2B · Feb 2026](https://millionrounds.com/company/wayve)[**Cast AI** Jan 2026](https://millionrounds.com/company/cast-ai)[**Metropolis Technologies** $500M · Nov 2025](https://millionrounds.com/company/metropolis-technologies)[**Terabase Energy** $130M · Mar 2025](https://millionrounds.com/company/terabase-energy)

## Quick answers about SoftBank Vision Fund 2

### What does SoftBank Vision Fund 2 invest in?

SoftBank Vision Fund 2 invests most often at Series C and Series D (58% of the rounds on record).

### How active is SoftBank Vision Fund 2?

16 investments on record, 8 of them in the last 12 months, and it led 9. The most recent was in Oct 2026.

### What has SoftBank Vision Fund 2 invested in recently?

Its most recent investments on record: Agility Robotics (Undisclosed round, Oct 2026), Zenity (Series C, Aug 2026) and Emergent (Series C, Jul 2026).

### How big are SoftBank Vision Fund 2's cheques?

The median round it joins is $130M.

### Does SoftBank Vision Fund 2 lead rounds?

Yes: it led 9 of its 16 investments on record (56%).

### Where does SoftBank Vision Fund 2 invest?

Most of the companies it backs are in the United States (60%), the United Kingdom (13%) and India (13%).

### Is SoftBank Vision Fund 2 investing now?

Yes: it is actively investing, with 8 investments in the last 12 months.

### Who does SoftBank Vision Fund 2 invest alongside?

Most often SoftBank Vision Fund (6 rounds together), SoftBank (5 rounds together) and Lightspeed Venture Partners (4 rounds together).

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