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SoftBank Makes First Foray Into Chile in Betterfly Funding Round

  • Health insurance tech start-up raises $60 million, CEO says
  • Other investors include QED, Valor Capital and Endeavor

SoftBank Group Corp, the Japanese firm that has plowed billions of dollars into Latin American startups over the past few years, made its first foray into Chile by taking part in a $60 million funding round for Betterfly, a health technology company.

SoftBank was joined by DST Global Partners, QED Investors, Valor Capital and Endeavor Catalyst in the funding round that now values Santiago-based Betterfly at $300 million, according to the company.