The corporate has made a $2bn anchor investment in SoftBank Innovation Fund, which will target digitally-focused portfolio companies across the region.
Japan-headquartered telecommunications and internet group SoftBank launched a $5bn Latin America-focused technology fund today called SoftBank Innovation Fund with a $2bn investment.
SoftBank’s $2bn contribution will function as the fund’s anchor investment, and it will act as its general partner while raising additional capital externally. It has also formed a vehicle called SoftBank Latin America Local Hub to interact with local portfolio companies to aid their growth.
The unit will invest across the Latin America region, covering South America up…
