The corporate has already backed Kaszek Ventures and Valor Capital, but plans to supply cash for up to 10 venture firms in connection with its $5bn Latin America fund.
Japan-headquartered telecommunications group SoftBank has entered discussions to provide roughly $500m of capital for Latin America-based investment vehicles in the form of limited partner contributions, Reuters reported yesterday.
The move is linked to the $5bn Latin America-focused investment fund SoftBank launched in March this year. The vehicle has since made several large investments, most recently leading a $250m series D round for Brazil-based rental property marketplace Quintoandar this week.
Executives from SoftBank have told fund managers it intends…
