SoftBank Vision Fund’s fourth Japan investment is a legal tech

SoftBank Group’s Vision Fund will lead a ¥13.7 billion ($101 million) Series D fundraising into Japanese startup LegalForce, in the world’s biggest tech investor’s fourth outlay in its home country.

LegalForce, which uses AI to screen contracts for loopholes and potential legal risks, said other participants in the round include new investors Sequoia Capital China and Goldman Sachs Group, as well as existing backers Mitsubishi UFJ Capital and Mizuho Capital.

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  • SoftBank Group founder Masayoshi Son had previously said Japanese startups grew too slowly for the Vision Fund, but it has since shifted strategy to invest smaller sums and expanded its team at home. | BLOOMBERG

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