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    SoftBank deepens commitment to LatAm with two new partners focused on early-stage investing – TechCrunch

    In March 2019, SoftBank Group International attracted attention at the time of its announcement. Softbank Innovation Fund $ 2 Billion Commitment Invest in Latin American tech startups.

    Since then, there have been many changes. SoftBank has renamed the fund to SoftBank Latin America Fund, or Lat Am Fund for short. The Japanese investment conglomerate has dramatically increased investment in the region, including many other global investors. In fact, venture capitalists poured an estimated $ 6.2 billion into Latin American start-ups in early 2021.

    SoftBank Group announced today that it has added two new managing partners, Rodrigo Baer and Marco Camhaji, to the LatAm fund team as evidence of its continued commitment to the region. Softbank told TechCrunch exclusively.

    Baer and Camhaji report to Marcelo Claure, Executive President and COO of SoftBank. He points out that the company’s LatAm fund invests in more than two-thirds of about 20. unicorn We are currently active in this area. He said Softbank is one of the “largest and most active” technology investors in the region today.

    This move is important in that it is represented by the employer An expansion of the SoftBank LatAm Fund’s mission, which means that the company is currently supporting businesses at all stages of the region.

    By including Bear and Kamhaji in a statement, Claire said SoftBank “will be able to better identify high-growth companies and support them at every stage of their lifecycle.”

    Softbank describes Bear as one of the pioneers in the Brazilian venture capital industry. He has invested in more than 20 companies since 2010. According to Crunchbase, he co-founded Warehouse Investmentimentos in 2010. Here he led the deal sourcing effort. He joined the investment team of Redpointe Ventures, an early-stage VC fund based on LatAm, in June 2014. He also previously worked for McKinsey’s Engagement Manager and Aurora Funds, a US-based fund focused on healthcare services. He is also active in Endeavor and multiple angel groups.

    Prior to joining SoftBank, he was a business development principal at Amazon and established a strategic partnership with FinTech in Latin America. He was also the CEO of Adianta, a Brazilian B2B invoice lending company. Previously, Camahji was the founder and partner of Yellow Ventures, a seed investment in technology start-ups. He was also a partner and CFO of Redpointe Ventures.

    In August, Shu Nyatta, SoftBank’s managing partner and co-leader of the $ 5 billion Latin American fund, pointed out dynamics that may seem obvious but are rarely expressed. Inclusion Than that confusion..

    “The majority of the population is underserved for consumption in almost every category. Similarly, most businesses are underserved with modern software solutions,” Nyatta told TechCrunch. rice field. “There’s a lot to build for so many people and businesses. In San Francisco, the venture ecosystem will make the lives of individuals and businesses already alive a little better in the future. In Latin America, tech entrepreneurs Building the future for everyone else.

    Some recent SOFTBANK investment in the region include:

    • KavakThe used car market was born in Mexico, but is now also operated in Brazil and Argentina. “Think Carvana, but for emerging markets.”
    • Lucky, Here “DoorDash-meets-Instacart” operates throughout Latin America.
    • QuintoAndar, Brazil real estate market.
    • Creditas Unleash the fairness trapped in homes, cars and other valuable assets for Brazilians.
    • Jim Pass Is a fitness and wellness market offered to employees through the enterprise.

    Clearly, SoftBank is becoming more active in supporting Latin American start-ups as global investors continue to flood the region with capital.

    SoftBank deepens commitment to LatAm with two new partners focused on early-stage investing – TechCrunch Source link SoftBank deepens commitment to LatAm with two new partners focused on early-stage investing – TechCrunch

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