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SBVA, formerly known as SoftBank Ventures Asia, is a venture capital firm founded in 2000 in South Korea. Initially part of the SoftBank Group, it became an independent entity in June 2023 after being acquired by The Edgeof, co-founded by Taizo Son, JP Lee, and Atsushi Taira. The firm rebranded to SBVA in February 2024. Currently, SBVA manages assets totaling $2 billion and has invested in over 300 startups globally, with a portfolio comprising 242 companies.
SBVA has achieved significant milestones, including 8 unicorns, 17 IPOs, and 28 acquisitions. The firm was recognized as the VC of the Year at the Korea VC Awards in 2024, highlighting its impact in the venture capital space. SBVA operates from multiple offices located in Korea, China, Singapore, and the USA, allowing it to maintain a strong presence in key markets.
SBVA invests in early to growth-stage startups, with a particular emphasis on deep technology sectors such as AI, robotics, IoT, and semiconductor design. The firm allocates its investments strategically, with 44% of its 2025 allocation directed towards AI, 27% towards robotics, and smaller percentages towards commerce, content, and healthcare. Geographic focus includes 54% in Korea, 39% in the United States, and 6% in Japan.
Investment checks typically range from seed to Series C stages, allowing SBVA to support startups at various points in their growth journey. The firm seeks to champion disruptive technology innovators globally, prioritizing companies that can enhance quality of life through their innovations. SBVA also engages in co-investment opportunities and provides market entry support through events like the SBVA Tokyo Forum.
SBVA's portfolio includes 242 companies, with notable successes such as:
Recent investments include Liberty Labs, Utaite, and Mythic, with the latter receiving Series D funding in December 2025. The firm has made 17 investments in 2025 alone, showcasing its active engagement in the startup ecosystem.
JP Lee: CEO of SBVA, with extensive experience in venture capital and technology investments.
Seung Lee: Executive Managing Director, CFO, and Head of Growth Equity Division, specializing in financial strategy and growth equity investments.
Edward Chung: Senior Managing Director and Head of Korea Investment Division, focusing on identifying and nurturing high-potential startups in Korea.
Cindy Jin: Managing Director with expertise in venture capital and startup development.
Jay Choi: Managing Director, contributing to investment strategy and portfolio management.
Eugene Chang: Managing Director, General Counsel, and Compliance Officer, ensuring regulatory compliance and legal oversight.
Brendon Jung: Executive Director, Head of Fund Operations & Risk Management, overseeing fund operations and risk assessment.
Jason Ding: Managing Director and Head of China Investment Division, focusing on investment opportunities in the Chinese market.
Startups interested in pitching to SBVA should submit their proposals through the firm's contact page. A detailed pitch deck is recommended, including information on the business model, market analysis, and team qualifications. SBVA typically responds within a few weeks, and warm introductions are preferred but not mandatory.
SBVA hosts various networking events and educational sessions aimed at fostering collaboration and innovation among startups. Notable programs include:
On December 17, 2025, SBVA made its latest investment, continuing its trend of active engagement in the startup ecosystem. In 2025 alone, the firm has completed 17 investments, showcasing its commitment to supporting innovative companies.
SBVA was awarded VC of the Year at the Korea VC Awards in 2024, recognizing its significant contributions to the venture capital industry. The firm has also successfully exited 17 companies through IPOs and acquisitions, including notable names like Nexon and Tokopedia.
What are SBVA's investment criteria?
SBVA focuses on early to growth-stage startups, particularly in deep tech sectors such as AI, robotics, and IoT. The firm looks for companies that demonstrate potential for significant impact and innovation.
How can startups apply or pitch to SBVA?
Startups interested in pitching to SBVA should visit their website for contact information and guidelines. A well-prepared pitch deck that outlines the business model, market opportunity, and team is essential.
What makes SBVA different from other venture capital firms?
SBVA's unique background as a former SoftBank early-stage arm provides it with extensive resources and a deep understanding of technology trends. The firm emphasizes deep tech investments and has a strong track record of successful exits.
What is SBVA's geographic scope?
SBVA invests globally, with a significant focus on Korea (54%), the United States (39%), and Japan (6%). This geographic diversity allows the firm to tap into various markets and opportunities.
What kind of post-investment involvement does SBVA have?
SBVA provides capital, strategic guidance, and access to a vast network across Asia, the US, Israel, and the EU. The firm actively supports its portfolio companies through events and mentorship.
What is the typical fund size and check size SBVA operates with?
SBVA manages a fund size of $2 billion and invests across various stages, typically from seed to Series C, allowing for flexibility in check sizes based on the startup's needs.
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