Softbank Makes A Huge Bet On Latin America

Kate Clark, TechCrunch
Tue, 04/30/2019 - 3:58pm

Rappi represents a new era for Latin American technology startups. Based in Bogotá, Colombia, the on-demand delivery startup has taken the region by storm, attracting a record amount of venture capital funding in mere months. Today marks the beginning of a new round of explosive growth as SoftBank, the Japanese telecom giant and prolific Silicon Valley tech investor, has confirmed a $1 billion investment in the business. The king-sized financing comes two months after SoftBank announced its Innovation Fund, a new pool of capital committed to spending billions on the growing tech ecosystem in Central and South America. VC funding in Latin America catapulted to new heights in 2018.

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Softbank Makes A Huge Bet On Latin America

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