Silicon Valley investor veteran Priya Saiprasad has joined SoftBank Investment Advisers to serve as a partner on the firm’s $30 billion second Vision Fund.
Saiprasad said in a post on her LinkedIn page that at Vision Fund 2 she’ll be leading venture growth rounds in companies at the intersection of software and consumer tech.
She most recently was a venture partner at Mayfield, where she focused on software investments, particularly with AI and analytics-driven businesses. She joined Mayfield in early 2019.
Before that, she was a founding member and a principal for nearly three years at M12, Microsoft’s Venture Fund, where she looked at SaaS, AI, cybersecurity, cloud infrastructure and emerging frontier technologies. While at M12, Saiprasad launched the firm’s female founders competition to make access to capital easier for underserved female entrepreneurs in North America, Europe and Israel.
Her hire comes less than four months after SoftBank brought on board Saiprasad’s former colleague at M12, Nagraj Kashyap, who joined SoftBank Investment Advisers as a managing partner in February.
Kashyap joined M12 in 2016 after spending 12 years at Qualcomm Ventures.
It comes as no surprise that SoftBank is bulking up after seeing some changes among its ranks in recent months. Managing partner Colin Fan is stepping back from his role to become an adviser to the firm. Jeff Housenbold, a managing partner involved with such investments as DoorDash and Wag, is also departing.
SoftBank Vision Fund chief operating officer Ruwan Weerasekera and Penny Bodle, a partner who oversaw investor relations, also left late last year.
Venture Capital Journal has reached out to Saiprasad and will update this story when she responds.