REUTERS: Japan's SoftBank Group is launching a US$5 billion fund to invest in technology companies in Latin America, it said on Thursday, ramping ...
REUTERS: Japan's SoftBank Group is launching a US$5 billion fund to invest in technology companies in Latin America, it said on Thursday, ramping up its tech ambitions beyond its huge Vision Fund.
The launch of the Latin America-focused SoftBank Innovation Fund will extend Bolivian-born billionaire Claure's responsibility beyond SoftBank's existing investments. The fund will invest across the region, targeting much the same sectors as SoftBank's existing investments, including e-commerce, fintech and healthcare."Latin America presents significant opportunities for SoftBank Group and the Vision Fund will have the ability to co-invest alongside the SoftBank Innovation Fund," said Vision Fund head Rajeev Mishra.
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