Softbank is reportedly set to increase its investments in Latin America-based startups, with the Japanese investment behemoth willing to commit USD 10 billion to companies in the region.
In addition, Softbank’s fund for Latin American investments would become a part of the conglomerate’s international Vision Fund, which currently manages USD 140 billion. Latin America would then receive between USD 1.5 and 2 billion of new capital per year.
This move comes after Softbank lost 43 percent of market value in 2021, due in large part to rising interest rates and the war in Ukraine, which made investors shift their money from high-risk tech investments to safer options.
Since its creation in 2019, Softbank’s fund for Latin America redefined the venture capital landscape in Brazil and neighboring countries by injecting unprecedented liquidity into the Latin American tech ecosystem. The fund has already invested in 80 companies, including many of the region’s unicorns such as QuintoAndar, Gympass, Rappi, and Nubank.
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