The Edgeof, a newly formed ecosystem builder and venture capital entity in Singapore, has agreed to acquire SoftBank Ventures Asia (SBVA), a wholly-owned subsidiary of SoftBank Group (SBG). The acquisition is contingent upon regulatory approval and is expected to be completed this year.

Following the acquisition, SBVA will undergo a rebranding exercise with the aim to support, develop, and expand startups spanning from Singapore to the greater Pan-Asian market. To support the full lifecycle of these startups, multiple funds will be established, ranging from early to growth stages.

The Edgeof added that building strong relationships with LP investors and corporate partners will be a priority for the newly formed entity.

The VC was founded by Taizo Son and Chairman Atsushi Taira following eight years at Japanese venture capital fund Mistletoe.

Taizo Son, Founder, The Edgeof, said,

“We are confident that our collective strengths and resources will ignite a new era of revolutionary technologies and solutions, establishing us as a prominent influence in developing and expanding startups worldwide.”

JP Lee, CEO of SBVA, said,

“We are excited to commence this new journey with The Edgeof. By joining forces, SBVA will be able to leverage its expertise, insights, and network to support visionary entrepreneurs in their endeavours and enable them to make a lasting global impact that transcends Asia.”