SoftBank Ventures Asia, a Seoul, South Korea-based early-stage investment vehicle of the SoftBank Group, hired Seung Lee as a chief financial officer.
Seung Lee will be responsible for the management of the global funds and the limited partners of SoftBank Ventures Asia. He will also oversee the financial initiatives of global offices including Beijing, Singapore, and Silicon Valley.
Lee has extensive experience of advising on mergers and acquisitions and raising capital for major corporates for more than 15 years at Morgan Stanley Hong Kong and Seoul office. He had also started a startup prior to joining SoftBank Ventures Asia.
Lee completed his undergraduate studies at Yale University and his master’s degree at Stanford University.
Led by JP Lee, CEO and Managing Partner, SoftBank Ventures Asia was recently renamed from SoftBank Ventures Korea to expand its emphasis on Asian startups.
With US$1.1B in funds under management, SoftBank Ventures Asia has invested in over 250 companies across 10 countries with a focus on AI, IoT, and robotics startups.
Currently operating teams in Seoul, Beijing, San Francisco, and Tel Aviv, the firm is now looking to expand its presence by opening offices and hiring investment professionals in Singapore and Shanghai.
Notable investments globally include Tokopedia, a technology company in Indonesia focused on commerce, logistics, payments and financial services; Mythic, an AI chip company based in Silicon Valley; Hyperconnect, operator of video communication service “Azar” with over 200M downloads across 230 countries; and SNOW China, an augmented reality camera app that is #1 in terms of users in Asia.
FinSMEs
16/01/2019