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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
Key Speakers at SoftBank World Event Day 2
Photographer: Akio Kon/Bloomberg

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.