SoftBank announced Thursday the launch of a $5 billion fund that will invest in technology start-ups across Latin America.
SoftBank is launching of a $5 billion fund that will invest in technology start-ups across Latin America, the company announced Thursday.
The fund's size is unprecedented in Latin America as it totals the combined venture capital investments of 2017 and 2018, according to Venturesource data cited by The Wall Street Journal. SoftBank said the new fund will focus investments on industries like e-commerce, health care and digital financial services, among others. The fund will also invest all throughout Latin America, including countries like Argentina, Brazil, Chile and Mexico.
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