Softbank Capital Raises $51M to Invest in NYC-based Startups

Softbank Capital, the investment subsidiary of Japanese telecommunications company SoftBank, raised an additional $51m exclusively focused on NYC-based startups.

Managed by NY managing partner Jordan Levy, the new fund will be used for first or second round investments in local startups in the social media, mobile applications, ecommerce, online advertising, gaming, and cloud computing sectors.

The amount of each investment will range between $3m and $5m.



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