SoftBank's Vision Fund 2 has held talks to invest $150 million in home health-care start-up Honor
reported its first quarterly loss in 14 years last month, a result of an $8.9 billion quarterly loss at the Vision Fund.it planned to raise $108 billion for Vision Fund 2 with investments from companies and sovereign wealth funds including Apple, Foxconn, Microsoft, National Investment Corporation of National Bank of Kazakhstan, and major participants from Taiwan.
"Fundraising is progressing as expected as investors assess potential commitments to Vision Fund 2," said a Vision Fund spokesperson, who declined to comment on the Honor acquisition specifically. Other investors in Vision Fund 2 are likely to include Abu Dhabi state fund Mubadala and Saudi Arabia's Public Investment Fund, though neither is expected to contribute as much as they did to SoftBank's first Vision Fund, the person said. Mubadala committed $15 billion and Saudi's PIF committed $45 billion to Vision Fund 1. SoftBank is expected to be the largest equity investor in Vision Fund 2, just as it was in Vision Fund 1, the person said.
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