The corporate's ongoing Latin American portfolio has grown after it led pet product retailer Laika's $48m series B round and a $40m round for rural finance provider TerraMagna.

Internet and telecommunications group SoftBank led funding rounds for two Latin American companies on Wednesday as it solidifies its presence in the region.

The corporate led a $48m series B round for Colombia-headquartered pet product supplier Laika, according to Bloomberg, and co-led $40m debt and equity round for Brazil-based rural credit provider TerraMagna.

Laika runs an e-commerce platform which sells products like food, toys and accessories to customers in Chile and Argentina as well as its home country. Food delivery…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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