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Posted September 17, 2021

 

SoftBank announced Tuesday it will create a $3 billion private investment fund focusing on technology companies in Latin America.

Why it matters: The launch of the SoftBank Latin America Fund II comes after the Japanese investment giant started a $5 billion fund in the region two years ago that became one of Latin America's most active venture capital players.

Details: The new fund intends to invest in technology-enabled companies at every stage of their development, from seed to public, SoftBank said.

SoftBank Latin America Fund II will seek prospective investments of firms that are utilizing emerging technologies and AI.

The fund especially wants to focus on focus on e-commerce, digital financial services, healthcare, education, blockchain, and enterprise software.

What they're saying: “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," SoftBank CEO Masayoshi Son said in a statement.

Son said Latin America continues to see innovation and disruption and he believed business opportunities are strong in the region.


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