Japanese Group Approves Investment Fund of Over US$2 Billion in Brazil

RIO DE JANEIRO, BRAZIL – Among changes in the board of directors and even a potential change of headquarters, the Japanese conglomerate Softbank has given its investment fund managers approval to allocate US$ 3 billion in the region. Around 70 percent of this sum should come to Brazil, amounting to over US$2 (R$10.8) billion.

Half of what is to be invested is expected to be allocated to startups that already have Softbank as a partner. In Brazil, among the companies that have received investments from the Japanese are Gympass, Loft, Loggi and Quinto Andar, as well as the Inter Bank which is publicly traded.

Source: Veja

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