LatAm List – SoftBank, a Japanese fund, partnered with venture capital firm Valor Capital to find new investments in Latin America. Earlier this year, SoftBank launched a $5B tech fund focused on Latin America, and recently, the Japanese tech giant funded Gympass in a $300M investment.
“Our main goal is to create value together and impact by investing in the best entrepreneurs and companies in Brazil and Latin America,” said Scott Sobel, Managing Partner and co founder of Valor Capital. “We will also assist SoftBank-backed companies outside Brazil in entering the Brazilian markets.”
Valor Capital invested $300M in 37 Brazilian and US companies, including Stone Payment Company, and CargoX Transports, also known as the “Uber of trucking”. Other portfolio companies include In Loco a location tech company, Guiabolso a personal finance company, and Passei Direto an online education platform.
“We have seen the market in Brazil grow and mature dramatically in the last five years,” Sobel said. “But we still think there’s a lot more room for institutional capital to come in.”
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