SoftBank’s Marcelo Claure is coming to Disrupt next week – TechCrunch
SoftBank is in turmoil in Latin America. The Japanese investment conglomerate has just announced that it has launched its second Latin America-focused fund with a $ 3 billion capital commitment from the company that could grow as the fund explores “options for raise additional capital, ”according to SoftBank. The vehicle closely follows SoftBank’s first Latin America-focused fund, announced in March 2019 with an initial committed capital of $ 2 billion.
It’s easy to see what it is. Led by Marcelo Claure, CEO of SoftBank Group International and COO of SoftBank Group Corp., the company’s roughly four dozen employees – who operate from Miami, São Paulo, and Mexico City – helped SoftBank identify and fund 48 startups he’s logged into. $ 3.5 billion and, according to the firm, which have a combined net IRR (on paper, in particular) of 85%.
Some of the so-called unicorns that SoftBank has supported – and, in some cases, helped enter unicorn territory – include QuintoAndar, Rappi, Mercado Bitcoin, Gympass, and MadeiraMadeira. Recently, he also co-led a $ 350 million Series D in Argentina’s personal finance management app Ualá.
It’s so busy he just brought on board two new managing partners at the end of last week to help with all that investment.
Surprisingly, overseeing investments in Latin America is just one of the many roles Claure, originally from Bolivia, plays for SoftBank. (He also oversees a broad portfolio of SoftBank operating companies, including Arm, Brightstar, Fortress, SB Energy, and Boston Dynamics; he oversees SoftBank’s stake in T-Mobile US; and he is executive chairman of WeWork, which he led as interim CEO after founder Adam Neumann was forced to step down.) Still, it feels like this may be his biggest passion right now, and we’re excited to say he will join us at Disrupt the morning of Thursday, September 23, to talk about all that.
If you care about where SoftBank is shopping in Latin America right now – or if you generally want to better understand what triggered the scorching pace of investing the industry has seen over the past 18 months – it’s a conversation you won’t want to miss.
Best of all, Claure joins a host of incredible speakers at Disrupt, including Canva CEO Melanie Perkins, actor-entrepreneur Ryan Reynolds and Coinbase CEO Brian Armstrong.
The show is fast approaching. Get your ticket now for less than $ 100 before the price goes up in a few days; We will meet over there.