SoftBank launches $ 3 billion fund in Latin America

The company is once again betting on Latin American startups and considers that there are great opportunities and innovation

SoftBank Group Corp launched its second investment fund for $ 3 billion dedicated exclusively to technology companies in the Latin American market, called SoftBank Latin America Fund II.

With this new initiative, the Japanese firm intends to make investments in emerging technologies and AI that allow to specify and reshape new industries that are focused on the areas related to digital financial services, health, education, insurance, electronic commerce, blockchain, among others.

According to the statement issued by the company, the objective is to invest in startups in all the countries of the Latin American region in their different stages, that is, from the beginning until they are operational.

According to the president of SoftBank Group Corp, Masayoshi Son: “There is so much innovation and disruption in Latin America, and I believe that business opportunities have never been so strong there. Latin America is a fundamental part of our strategy, that is why we are expanding our presence and redoubling our commitment.”

For his part, the CEO of the SoftBank Group, Marcelo Claure, highlighted that in the last two years the company far exceeded expectations. “The incredible work and vision of Latin American entrepreneurs gives us the confidence that their digital transformation will continue to accelerate; in fact, we expect 2022 to be the largest IPO year in the history of the region.

The company launched its first investment fund in Latin America in 2019 for $ 5 billion, at a time when no major investor “was betting on startups in the region.” This fund has invested 3.5 billion dollars in 48 companies in sectors ranging from education, finance and logistics, which are currently “valued at a total of 6.9 billion dollars.”

M. Rodríguez

Source: actuality.rt.com

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