Latin America finds a champion in SoftBank Group International CEO Marcelo Claure

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softbank is gaga For startups in Latin America. It was since the first announcement make a bet As of early 2019, the Japanese conglomerate — from its own balance sheet, it says — has plugged more than $5 billion into the sector, and expects that number to rise to $8 billion by the end of the year. will be above.

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Its capital contribution is worthwhile, to say the least. In 2019, startups in Latin America raised $5.3 billion in funding, According to CB Insights. In 2020, he raised almost the same amount.

This year, the pace of dealmaking has shifted into overdrive, with $9.3 billion plugged into Latin American startups in the first six months, and SoftBank Group CEO Marcelo Clare who believes that by 2023, $30 billion annually. Close to the dollar will be invested in this area.

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“Eventually, the world realized that Latin America is the size,” Claire, a Bolivian native, told Nerdshala Disrupt. “It’s only half the size of China, but it’s twice the size of India and three times the size of Southeast Asia.”

More, he said, people are making money there. “GDP per capita in Latin America – $9,000 to $10,000 a year – is similar to that of China, and it is three times what people in Southeast Asia are making (GDP per capita), and twice as much in India.

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