The corporate has followed its $5bn first Latin America fund by channelling $3bn into a Fund II which may be boosted by external investment.

Japan-headquartered internet and telecommunications group SoftBank disclosed yesterday it has allocated $3bn to a second Latin America-focused fund.

The corporate launched a $5bn first fund in early 2019 focused on the region, and the unit is headed by its chief operating officer, Marcelo Claure. The $3bn represents Fund II’s initial allocation, but SoftBank is exploring options to add to its size.

The first fund’s portfolio companies include on-demand delivery service Rappi, online real estate portal QuintoAndar, digital…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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