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Oct 22 2019
Summary
- SoftBank announced 4 separate investments in LATAM startups over the past month, bringing its total LATAM investment to over $1.5B since its Mar 2019 announcement of the $5B SoftBank Innovation Fund (the largest LATAM-focused technology fund ever).
- While SoftBank has lately dominated the startup investment scene in Latin America, other investors – ranging from banks like Goldman Sachs to mobility players, cloud giants, and payments firms – are also pouring capital into the region.
- With record-breaking inflows of capital to LATAM over the past few years, some are calling LATAM “the new China.”
- Driven by a growing middle class, connectivity, and market-specific problems to solve, the LATAM tech boom shows little signs of slowing down.
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