Softbank is weeping in Latin America. According to Softbank, the Japanese investment conglomerate has launched a second fund focused on Latin America, with a $ 3 billion capital commitment from the company, and will grow as the fund seeks “options to raise additional capital.” Announced that there is a possibility of doing so. The vehicle is drawing attention with its first $ 2 billion commitment capital, following SoftBank’s debut Latin American-focused fund announced in March 2019.
It’s easy to understand what all the fuss is. Approximately four dozen employees in this outfit, led by SoftBank Group International CEO and SoftBank Group Corporation COO Marcelo Claure, are active in Miami, Sao Paulo and Mexico City and have 48 startups to which SoftBank is connected. It helps to identify and fund. According to the company, it is $ 3.5 billion and features a total net IRR of 85% (especially on paper).
Some of the so-called unicorns that Softbank helped, and in some cases helped drive to the unicorn’s territory, QuintoAndar, Lucky, Mercado Bitcoin, Jim Pass When Madeira Madeira..Recently it was also co-led $ 350 Million Series D Round With the Argentine personal financial management app Ualá.
I’m so busy that I just got on board Two new management partners To support all that investment at the end of last week.
Surprisingly, overseeing investment in Latin America is just one of many roles that Bolivian-born Crowley plays for SoftBank. (He also oversees the vast portfolio of SoftBank operators, including Arm, Brightstar, Fortress, SB Energy and Boston Dynamics. He oversees SoftBank’s ownership at T-Mobile US. He’s an executive chairman at WeWork, who was interim CEO. After founder Adam Newman was forced to resign.) Still, I feel it might be his greatest passion right now. And I’m glad he joins us. Confuse I’ll talk about it all on Thursday morning, September 23rd.
If you care about where SoftBank is currently shopping in Latin America, or if you want to better understand the blazing pace of investment in Latin America that the industry has seen over the last 18 months, this is something you want to miss. There is no conversation. ..
The show is coming soon. Get your ticket now For less than $ 100 before the price goes up in a few days. See you there.
https://techcrunch.com/2021/09/18/softbanks-marcelo-claure-is-coming-to-disrupt-next-week/ SoftBank’s Marcelo Claure is coming to Disrupt next week – TechCrunch