Latin America finds a champion in SoftBank Group International CEO Marcelo Claure

Latin America finds a champion in SoftBank Group International CEO Marcelo Claure

3 years ago
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https://techcrunch.com/2021/09/23/latin-america-finds-a-champion-in-softbank-international-group-ceo-marcelo-claure/

SoftBank is gaga for startups in Latin America. Since first announcing it was planting a stake in the ground in the region in early 2019, the Japanese conglomerate  — from its own balance sheet, it says — has plugged more than $5 billion into the region, and it expects that number to top $8 billion by year’s end.

Its capital contributions are meaningful, to say the least. In 2019, startups across Latin America raised $5.3 billion in funding, according to CB Insights. In 2020, they raised roughly the same amount.

Latin America finds a champion in SoftBank Group International CEO Marcelo Claure

Sep 24, 2021, 3:27am UTC
https://techcrunch.com/2021/09/23/latin-america-finds-a-champion-in-softbank-international-group-ceo-marcelo-claure/ > SoftBank is gaga for startups in Latin America. Since first announcing it was planting a stake in the ground in the region in early 2019, the Japanese conglomerate  — from its own balance sheet, it says — has plugged more than $5 billion into the region, and it expects that number to top $8 billion by year’s end. > Its capital contributions are meaningful, to say the least. In 2019, startups across Latin America raised $5.3 billion in funding, according to CB Insights. In 2020, they raised roughly the same amount.