"Growing up in Latin America, I witnessed firsthand the creativity and passion of the people."
“There is so much innovation and disruption taking place in the region, and I believe the business opportunities have never been stronger.”
The largest Latin American tech fund in the world is born. It’s being led by Miami investor Claure.
Tokyo-based technology conglomerate SoftBank Group announced Thursday the creation of the $5 billion SoftBank Innovation Fund, the largest-ever technology fund focused exclusively on the fast-growing Latin American market. SoftBank is starting the fund off with $2 billion, and will serve as general partner.
It is also creating the SoftBank Latin America Local Hub, a new company that will partner with SoftBank and its existing portfolio of companies, which includes Uber, WeWork, and DoorDash food delivery service, to help them grow in the region.
Miami resident and Inter Miami F.C. co-owner Marcelo Claure will serve as Chief Executive Officer, responsible for overseeing the new fund’s investments and operations. He will continue in his current roles as Chief Operating Officer of SoftBank, Chief Executive Officer of SoftBank Group International, and chairman of Sprint.
Read more at the Miami Herald.