SoftBank Group Corp. Announces Launch of New $5 Billion Technology Growth Fund for Latin America

SoftBank Group Corp. (“SBG”) today announced the launch of the SoftBank Innovation Fund, the largest-ever technology fund focused exclusively on the fast-growing Latin American market, and the creation of the SoftBank Latin America Local Hub, a new operating group that will partner with SoftBank portfolio companies helping them enter Latin America, navigate the local markets and broaden their geographic reach in the region.

Marcelo Claure will serve as Chief Executive Officer of SoftBank Latin America, responsible for overseeing the new fund, its investments and operations. Mr. Claure will also continue to serve in his current roles as Chief Operating Officer of SoftBank Group Corp., Chief Executive Officer of SoftBank Group International and Executive Chairman of Sprint Corporation.

SBG has committed an initial $2 billion to the SoftBank Innovation Fund and will serve as the General Partner. No decision has been made as to the location of the SoftBank Innovation Fund’s headquarters.

Masayoshi Son, Chairman & Chief Executive Officer of SBG, said, “Latin America is on the cusp of becoming one of the most important economic regions in the world, and we anticipate significant growth in the decades ahead. SBG plans to invest in entrepreneurs throughout Latin America and use technology to help address the challenges faced by many emerging economies with the goal of improving the lives of millions of Latin Americans. I am grateful to our Chief Operating Officer Marcelo Claure for leading this initiative, in addition to his other responsibilities at SBG.”

“Growing up in Latin America I witnessed firsthand the creativity and passion of the people,” said Mr. Claure. “There is so much innovation and disruption taking place in the region, and I believe the business opportunities have never been stronger. The SoftBank Innovation Fund will become a major investor in transformative Latin American companies that are poised to redefine their industries and create new economic opportunities for millions of people.”

Rajeev Misra, Chief Executive Officer of SoftBank Investment Advisers, said, “Latin America presents significant opportunities for SoftBank Group, and the Vision Fund will have the ability to co-invest alongside the SoftBank Innovation Fund. Marcelo and team will offer invaluable expertise to help Latin American companies scale their operations, benefit from the greater SoftBank ecosystem and grow into global market leaders.”

The SoftBank Innovation Fund will invest throughout Latin America, including in Argentina, Brazil, Chile, Colombia and Mexico. Industries of particular focus for the Fund in the region include e-commerce, digital financial services, healthcare, mobility and insurance, among others.

The unique traits and rapid economic development of the Latin American market, coupled with the fact that it represents 10% of the world’s population and 8% of the world’s GDP (two times the GDP of India and half that of China), present significant growth opportunities for rapid technology deployment at scale and disruptive innovation. Examples include:

SBG believes these factors contribute to the creation of an attractive market for emerging technology companies and entrepreneurs, and the need for patient capital to support them on their journeys.

About the SoftBank Group

The SoftBank Group is a global technology player that aspires to drive the Information Revolution. The SoftBank Group is comprised of the holding company SoftBank Group Corp. (TOKYO: 9984) and its global portfolio of companies, which includes advanced telecommunications, Internet services, AI, smart robotics, IoT and clean energy technology providers. In September 2016, Arm Limited, the world's leading semiconductor IP company, joined the SoftBank Group. SoftBank Group Corp. is invested in the SoftBank Vision Fund, which plans to invest up to $100 billion in the global businesses and technologies that the SoftBank Vision Fund believes will enable the next stage of the Information Revolution. To learn more, please visit

Sarah Lubman
Sard Verbinnen & Co
Paul Kranhold / Hannah Dunning / Benjamin Spicehandler
+1 (415) 618-8750 / +1 (212) 687-8080