SoftBank Launches $3 Billion Fund for Latin America's Tech Boom.

SoftBank Group Corp. is increasing its investment in Latin America's tech industry by launching a $3 billion fund. This fund is the second private investment fund for the region, bringing SoftBank's total investment to $8 billion. The fund will focus on technology-related companies at various stages of development, including startups and those that have already gone public. SoftBank has seen success in Latin America, with its previous $5 billion fund generating significant returns. The company plans to invest in sectors such as e-commerce, digital financial services, healthcare, education, blockchain, and insurance. Foreign and local investors have also contributed to the growth of venture investments in the region, which reached a record $6.45 billion in the first half of this year. SoftBank has already invested in several successful startups in Latin America, including Rappi Inc., QuintoAndar, and Mercado Bitcoin. The company predicts that 2022 will be a significant year for IPOs in the region. [Extracted from the article]