Softbank Capital Raises New Fund, Refines Focus

Softbank Capital has quietly raised $100 million for a new fund, which will focus on early-stage investments in the social computing space. The entire capital commitment came from Tokyo-based namesake Softbank. This is different from Softbank Capital's prior fund, a $230 million pool in which Softbank was joined by several other limited partners. That fund is now fully-committed, although there is still dry powder for follow-on investments. I last reported on Softbank Capital in June 2009, when co-managing partner Eric Hippeau left to become CEO of portfolio company HuffingtonPost. At the time, remaining managing partner Ron Fisher said that the firm

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