Japan’s SoftBank Group Corp is planning to invest $500 million in venture capital funds in Latin America as part of a previously announced plan to invest $5 billion in the region, its managing partner in Brazil, Andre Maciel, said on Friday.
Reuters previously reported that SoftBank was in talks with venture capital firms in Latin America to invest in their funds, in a move likely to speed up spending of the $5 billion regional venture capital fund launched in March.
