SoftBank writes down nearly $100 million investment in FTX
As more details emerge regarding the events that led to FTX’s bankruptcy and stunning collapse, the cryptocurrency exchange’s investors are also being scrutinized. Namely, many people are asking j
SoftBank Group International’s new CEO is leaving, just five months after being appointed
If SoftBank investors were already feeling shaken by the conglomerate’s poor performance this year, a news release out of the company tonight isn’t exactly going to assuage their concerns.
Dara Khosrowshahi and Marcelo Claure to back former Sequoia India partner’s startup
Amit Jain, who previously led Uber’s Asia Pacific business and served as a partner at Sequoia Capital India, is working on a crypto payments platform and has received backing from several high-profi
Top SoftBank LatAm partners leave firm to start their own
SoftBank Latin America is certainly having massive exits, but not the lucrative kind. Paulo Passoni and Shu Nyatta, two managing investment partners of SoftBank’s Latin America practice, are leaving
At SoftBank, a reported battle over pay with COO Marcelo Claure adds to other bad news
Not for the first time, SoftBank is having a terrible, horrible, no good, very bad week. Indeed, even while the Japanese conglomerate is known for its extremes — be it bold bets, internal squabb
VCs say there are more startup opportunities to chase in Latin America
There are still founders in Latin America that are not benefiting from the funding boom, which implies that there is more capacity to absorb capital there than is currently being taken advantage of.
Latin America finds a champion in SoftBank Group International CEO Marcelo Claure
Since first announcing it was planting a stake in the ground in the region in early 2019, SoftBank -- from its own balance sheet, it says -- has plugged more than $5 billion into the region, and it
SoftBank’s Marcelo Claure is coming to Disrupt next week
SoftBank has been on a tear in Latin America. The Japanese investment conglomerate just announced it has launched its second Latin America-focused fund with a $3 billion capital commitment from the co
SoftBank deepens commitment to LatAm with two new partners focused on early-stage investing
In March 2019, SoftBank Group International made headlines when it announced the SoftBank Innovation Fund, which started out with a $2 billion commitment to invest in tech startups in Latin America. A
SoftBank commits $3B more to investing in Latin American tech companies
SoftBank Group Corp. is doubling down on its commitment to Latin America. Today, the Japanese investment conglomerate is announcing the launch of the SoftBank Latin America Fund II, its second dedicat
WeWork unbundles its products in an attempt to make itself over, but will the strategy work?
For years, there was a debate as to whether WeWork was a tech company or more of a real estate play. At first, most people viewed WeWork as a real estate startup disguised as a tech startup. And as it
SoftBank-backed Volpe Capital raises $80M to invest in LatAm
In recent years, the tech and venture scene in Latin America has been growing at an accelerated pace. More global investors are backing startups in the region and certain sectors in particular, such a
8 Miami-area investors assess America’s southernmost tech ecosystem
"We are now seeing, with the rise of remote working, better talent than ever before. But we still have a long way to go."
On the diversity front, 2020 may prove a tipping point
While it remains an ongoing challenge to get these numbers in sync with other industries, there were two developments specifically in 2020 that may beget more action in 2021.