Softbank to invest $1 bn in Latin America in technology by 2021

Japanese conglomerate SoftBank Group plans to invest close to $1 billion from its Latin American private equity fund this year as it looks to boost technology growth in the region in the wake of the Covid-19 pandemic, including agricultural technology. About 70% of the fund’s investments will continue to be in Brazil, but there will also be opportunities in Mexico, Argentina and Colombia. The $5 billion fund has already invested $2.3 billion in Latin American companies such as Banco Inter, Rappi and Gympass.

Source: El Deber