The corporate's Latin America fund will transition to an independent vehicle called Upload Ventures which will invest approximately $100m each year.
Japan-headquartered internet and telecommunications group SoftBank is spinning off its Latin America Fund into an independent vehicle called Upload Ventures, it announced today.
SoftBank initially launched the vehicle – also known as SoftBank Innovation Fund – under the auspices of group chief operating officer Marcelo Claure in 2019 with a $2bn capital allocation and a $5bn target for its close.
The unit added a $3bn second fund in September 2021, by which time it had built a portfolio…
