SoftBank has been booming in Latin America. The Japanese investment conglomerate just announced that it has launched its second fund focused on Latin America with a capital commitment of $ 3 billion from the company that can grow as the fund explores “options for obtaining additional capital,” according to SoftBank. . The vehicle continues on the heels of SoftBank’s debut fund focused on Latin America, announced in March 2019 with a committed seed capital of $ 2 billion.
It’s easy to see what the whole foot is about. Led by Marcelo Claure, CEO of SoftBank Group International and COO of SoftBank Group Corp., the company’s approximately four dozen employees, operating in Miami, São Paulo and Mexico City, have helped SoftBank identify and finance 48 new companies you have connected to. $ 3.5 billion and, according to the firm, they have a combined net IRR (on paper, notably) of 85%.
Among the so-called unicorns that SoftBank has endorsed and in some cases helped enter unicorn territory are QuintoAndar, Rappi, Mercado Bitcoin, Gympass, and MadeiraMadeira. He also recently co-led a $ 350 million Series D round on Argentine personal finance management app Ualá.
He’s so busy he just got on board two new managing partners at the end of last week to help with all that investment.
Surprisingly, overseeing investments in Latin America is just one of the many roles that Claure, a native of Bolivia, plays for SoftBank. (He also oversees a broad portfolio of SoftBank operating companies, including Arm, Brightstar, Fortress, SB Energy, and Boston Dynamics; oversees SoftBank’s ownership of T-Mobile US; and serves as CEO of WeWork, which he led as interim CEO. after founder Adam Neumann was forced to resign.) Still, one feels that it may be his greatest passion right now, and we are delighted to say that he will join us at Disrupt on the morning of Thursday 23rd September to speak all about it.
If you are concerned about where SoftBank is shopping in Latin America right now, or generally want to better understand what caused the torrid pace of investing there that the industry has seen in the last 18 months, this is a conversation you don’t want to miss. .
Even better, Claure joins a host of incredible speakers at Disrupt, including Canva CEO Melanie Perkins, actor and entrepreneur Ryan Reynolds, and Coinbase CEO Brian Armstrong.
The show is coming up fast. Get your ticket now for less than $ 100 before the price goes up in a few days; see you there.