The former head of the Mosad Yossi Cohen, will head Softbank's investment activities in Israel

The former head of the Mosad, (the Israeli CIA) Yossi Cohen, will head Softbank's investment activities in Israel. He will lead the local operations of the $ 30 billion Vision Fund 2 fund, and will report to the fund's management in London.
Softbank is a Japanese holding company headed by Masushi Sun, and owns several investment funds - including the Vision Fund 1 fund, which manages more than $ 100 billion and is considered the largest of its kind in the world. Among other things, she has invested in Wework, Uber, Slack and Tiktok. Softbank has made several investments in Israel through its various arms, including Trax, Radis Labs, Envision and Sabrizen. Cohen's goal will be to establish a local investment arm that will locate Israeli companies suitable for investment for the global Softbank.
Vision Fund focuses on investing in companies in the later stages. A branch of the Softbank Ventures Asia Fund, led by Benjamin Weiss, which focuses on early-stage investments, is already operating alongside it in Israel. The Softbank Asia Fund has been active in Israel since 2015 and has invested approximately $ 50 million in Israeli companies, including Phillips and Invis. Now, after the opening of the new branch headed by Cohen, Softbank will have a presence in Israel that will cover all stages of investment in local companies.
In May, Softbank reported a profit of $ 17.7 billion in the first quarter of 2021 (the fourth quarter of the fiscal year in Japan). This is a profit record for any Japanese company. This success came as a surprise, after a period in which Subtankank's reputation was severely damaged - due to Wework's failed IPO attempt.
Cohen retired at the end of May. At the time, it was reported on overseas sites that Cohen was considering joining various funds. Establishes in collaboration with the Gulf states.
It is likely that Cohen's ties in the Gulf states will also be to his credit in his new position. In the past, the Vision Fund has received investments from the governments of Saudi Arabia and Abu Dhabi, which have been transferred to innovative and risky companies, which Sun believed could turn into large monopolies.