The Japanese conglomerate SoftBank Group commits $3 Billion to Launch SoftBank Latin America Fund II which will bring a total commitment of $8 billion.
The Chief Executive Officer of SoftBank Group Marcelo Claure said:
“Over the past two years, we have seen tremendous success and returns from the SoftBank Latin America Fund that far exceeded our expectations. The amazing work and vision that Latin America’s entrepreneurs have demonstrated in the region gives us confidence that its digital transformation will continue to accelerate.
“In fact, we expect that 2022 will be the biggest IPO year in Latin America’s history. Now is the time for us to double down on our commitment to the region. We will continue to support the growth of technology companies across nearly three dozen countries and are proud to be the most active technology investor in the region.”
The second investment intends to enhance technology-enabled companies across countries and
industries at every stage of their development, throughout the developing region,
identifying prospective investments that are utilising emerging technologies and AI to define and
reshape new industries, with a focus on e-commerce, digital financial services, healthcare,
education, blockchain, and enterprise software, among others.
The Representative Director, Corporate Officer, Chairman & Chief Executive Officer of SoftBank Group Corp., Masayoshi Son, said that Latin America is one of the most important economic regions in the world, and SoftBank will continue to drive technology adoption that will benefit hundreds of millions of people in this part of the world.
