SoftBank launches the Innovation Fund, committing $2B to invest in Latin America

SoftBank launches the Innovation Fund, committing $2B to invest in Latin America

  • While SoftBank continues to make big bets on startups out of its $100-billion Vision Fund, it has also launched another investment vehicle to invest in tech opportunities specifically in Latin America.
  • Alongside this, it’s establishing a group called the SoftBank Latin America Local Hub, which will partner with companies that are already in SoftBank’s investment portfolio to help them break into the region.
  • As a developing market with a growing middle class (more than 50 million people in the region have entered the middle class generating increased disposable income, SoftBank said), it is one of the fastest-growing regions for tech products and services.
  • Latin America presents significant opportunities for SoftBank Group, and the Vision Fund will have the ability to co-invest alongside the innovation Fund,” said Rajeev Misra, CEO of SoftBank Investment Advisers, who runs the Vision Fund.
  • Not only does it help diversify by focusing on another (rapidly growing) region, but it gives the group one more way to sweeten the deal to invest in any fast-growing startup, by offering a helping hand in their efforts to expand to other regions by way of their network of contacts and existing services.


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