SoftBank increases focus on Latin America with new US$3 billion fund

The Japanese group is one of the most important venture capital players in Latin America: of the 25 unicorns in the region, 15 were invested by SoftBank. In Brazil, companies such as Quinto Andar, Gympass, MadeiraMadeira, and Mercado Bitcoin are among those with Softbank funding.

RIO DE JANEIRO, BRAZIL - SoftBank, the Japanese conglomerate behind investments in technology worldwide, is increasing its investment in Latin America. The group announced Tuesday (14) the launch of a second fund focused on the region, the Latin America Fund II, with US$3 billion available for investment - and the possibility of raising more capital.

As NeoFeed newspaper writes, the committed capital is from Softbank itself, which will seek an additional US$2 billion from other investors. This could bring the total to more than US$5 billion.

The investment thesis will not change. Softbank will continue to invest in startups . . .

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