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

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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