SoftBank tops up $100bn tech investment fund with $1bn from Sharp

May 19, 2017 ·

Screen shot 2017 05 19 at 04.49.33

Japanese technology giant SoftBank has topped up its $100bn tech fund with an additional $1bn.

According to The Financial Times, the additional funds were contributed by Japanese firm Sharp.

"Sharp decided to participate in the fund because, by participating in a fund of this kind, it expects to capture an opportunity to learn about the internet of things space, which will in turn enable Sharp to accelerate its business expansion as an IoT company," Sharp said in a statement.

The news comes after SoftBank announced its global tech investment fund in October last year.

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