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Stock impact report

Soccer Star Honda's Venture Capital AI Fund Raises $98 Million [Yahoo! Finance Canada]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Most Read from Bloomberg Sumitomo Mitsui Banking Corp., Nomura Holdings Inc. and SBI Holdings Inc. are among at least 20 companies that invested in Honda's X&KSK Fund, according to the document. SBI Holdings and SBI Shinsei Bank Ltd. have parked a combined ¥2 billion in the fund, making them the biggest shareholders. Honda, who scored goals in three World Cups in a row and played for CSKA Moscow and AC Milan, is also active in investing, founding Dreamers VC with American actor Will Smith. His goal is to help create a so-called decacorn in Japan — a closely held company with a market value of more than $10 billion — and he's eyeing firms involved in artificial intelligence and those that have developed cutting-edge technology or innovative business strategies. “I'm aware that creating a decacorn in Japan is a very difficult challenge,” Honda said by email. “But considering all that the Japanese have accomplished, I think it definitely can be achieved.” The former AC Milan mid Show less Read more
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