SoftBank Upends Latin American Startups with Billion-Dollar Deal Binge
- Japanese giant doled out $1 billion of its fund for the region
- Next round to focus on health-care, real estate industries
This article is for subscribers only.
SoftBank Group Corp.’s Latin America foray, a multibillion-dollar deal spree that minted a wave of “unicorns” and upended the region’s startup landscape, is just getting started.
The Japanese technology giant still has about $4 billion left in the $5 billion fund it launched in March for new technology companies in the region, and has its sights on roughly 300 targets, according to Andre Maciel, a managing partner at SoftBank Group International. About 200 of those are in Brazil, he said.