SoftBank Group announced a new $300M fund to invest in early-stage companies across Latin America.
The announcement comes as SoftBank is preparing to launch its second fund for Latin America after the first $5B fund in 2019.
Rodrigo Baer and Marco Camhaji, formerly of Redpoint Ventures, joined SoftBank as partners to lead the new fund. SoftBank will focus on investing in seed to Series B companies, with tickets of up to $30M, as it seeks to broaden its investments portfolio and target Latam talent earlier on.
Read more on Startups.