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SoftBank Buys Stake in Brazilian Fleet-Management Startup Cobli

  • SoftBank is leading a 175 million reais funding round
  • Firm plans to launch insurance product, add to staff

SoftBank Group Corp. is leading a 175 million reais ($33.5 million) funding round in Cobli, a Brazilian logistics startup, adding another firm to its flurry of deals in the country.

SoftBank’s Latin America Fund is joined by Qualcomm Ventures in the fundraising, as well as current Cobli shareholders including Valor Capital, co-founder Rodrigo Mourad said in an interview. He and Parker Treacy created Cobli in 2017.