SoftBank Latin America Fund

SoftBank Latin America Fund, established in 2019 and headquartered in Miami, Florida, is a venture capital firm focused on fostering the Internet economy in Latin America. The firm invests in companies at various stages, including seed, early, and later stages, with a particular emphasis on sectors such as fintech, e-commerce, health and wellness, and logistics, among others. By leveraging critical resources, technology, and a robust network of partners, SoftBank Latin America Fund aims to support innovative startups that can drive growth and transformation in the region. As a Registered Investment Adviser, the firm is committed to navigating the unique opportunities and challenges of the Latin American market.

Beny Alcalay

Investment Associate

Raphael Cohen

Senior Investment Associate

Eric Dolman

Investor

Regina Giral

Investment Senior Associate

Lucía Llosa

Vice President, Investments

Isabela Lopes

Investor

Ezequiel Piantoni

Associate

Vinicius Santos

Associate

Alex Szapiro

Managing Partner, Operations Group and Head of Brazil

Past deals in Brazil

CRMBonus

Series B in 2024
CRM&Bonus is a Brazilian company founded in April 2018, based in São Paulo. It specializes in customer relationship management software aimed at enhancing sales for retail stores, targeting an increase of 10% to 20% within 100 days, while maintaining an effective discount of less than 2%. The platform seamlessly integrates with major ERP and e-commerce systems through Weblink/API, facilitating discounts for customers and thus enabling businesses to boost their profitability. By driving real sales growth, CRM&Bonus helps companies offset their fixed costs, ultimately supporting their financial health and operational efficiency.

Acesso

Series D in 2022
Acesso is a B2B startup based in Brazil that specializes in self-funding solutions and is recognized as one of the best IT companies to work for in the country. The company develops advanced facial recognition and identification technology aimed at enhancing document and process management. Acesso's offerings emphasize biometric authentication and digital onboarding, enabling clients to transition to paperless operations. By streamlining workflows among businesses, government entities, and clients, Acesso seeks to simplify and control relevant business processes, thereby improving efficiency and user experience.

Medway

Series A in 2022
Medway is a platform dedicated to enhancing the quality of medical care in Brazil by focusing on education. It offers medical teaching services aimed at assisting medical students and young physicians in navigating the challenges of their training. The company addresses key concerns such as study strategies for medical residency, preparation for competitive exams, and effective planning of internship activities alongside study commitments. Through its educational resources, Medway supports aspiring medical professionals in achieving their goals and ultimately improving healthcare quality in the region.

Creditas

Series F in 2022
Creditas is a financial technology company that operates a digital platform that offers secured consumer loans. It uses credit scoring systems and borrowers’ assets, such as homes and automobiles as collateral to offer loans. Sergio Furio founded BankFacil in 2012 that later became Creditas. It has its headquarters in São Paulo in Brazil.

TerraMagna

Series A in 2022
TerraMagna is a digital lender based in Brazil, specializing in the agricultural sector of Latin America. The company offers a range of financial products tailored to meet the specific needs of farmers and agricultural businesses. These products include personal loans, CFB lending, embedded buy now pay later (BNPL) options for agricultural inputs, and crop-collateralized financing, all accessible through a user-friendly web interface. By addressing the unique challenges and opportunities within agriculture, TerraMagna aims to enhance the resilience of the agricultural value chain and promote sustainable food security.

Abstra

Seed Round in 2022
Abstra is a software development platform based in Rio de Janeiro, Brazil, founded in 2020. It specializes in providing a low-code solution that allows businesses to create internal tools and applications through a user-friendly graphical interface. The platform is designed to streamline business process automation, enabling companies to develop and deploy applications quickly and with minimal coding expertise. Targeting late- and growth-stage tech companies as well as enterprise IT consulting firms, Abstra has achieved significant growth with an average monthly recurring revenue increase of 45% and has attracted notable clients such as Accenture, Stone, and Descomplica.

Olist

Series E in 2021
Olist is a Brazilian company headquartered in Curitiba that operates an online e-commerce platform designed to facilitate sales for small and medium-sized businesses (SMBs). It acts as a commerce enabler by connecting entrepreneurs to major online marketplaces, allowing them to advertise and sell their products seamlessly. Olist's offerings include Olist Store, which helps merchants sell on various marketplaces, and Olist Shops, a mobile-first e-commerce solution integrated with social media and accessible in 180 countries. Additionally, Olist provides logistics services through Olist Pax, a cloud-based network that supports fulfillment in Brazil, and financial services through Olist Credit and Olist Pay, assisting SMBs with their capital needs. As a leading commerce enabler, Olist is expanding its reach beyond Brazil to serve the global market.

Open Co (Brazil)

Series D in 2021
Open Co thinks that creating trusting relationships with clients is more important than using cutting-edge technology to create ground-breaking credit solutions. Open Co was established in 2021 as the result of the merger of Geru and Rebel, two of Brazil's most cutting-edge fintech lenders. The company's goal is to permanently turn credit into a more equitable, adaptable, and accessible tool that improves Brazilians' financial situations.

CargoX

Series F in 2021
CargoX is a technology-driven freight marketplace based in Sao Paulo, Brazil, established in 2013. The platform connects shipping companies with a network of over 1.4 million trucks, effectively addressing the issue of excess capacity in the transportation sector. By providing real-time information on available truck capacity, CargoX enhances freight visibility and helps shippers identify optimal solutions for transporting a wide range of products throughout Brazil. This approach not only reduces shipping costs for clients but also increases earnings for truck drivers while minimizing CO2 emissions associated with empty trucks on the road.

Gabriel

Series A in 2021
Gabriel combines nanocomputers and high definition cameras to offer video surveillance services with military-grade encryption, enterprise quality and personal customer service yet honestly priced for residential buildings and medium-sized companies. No installation costs, no hardware purchasing, no maintenance nuisance, no lock-in. 24/7 monitoring of your building, your street and your neighborhood. Perpetual video cloud storage. An app that just works. Tech from Rio, solving public and private security, serving Brazil and beyond.

Omie

Series C in 2021
Omie is a Brazilian software company founded in 2013, headquartered in São Paulo. It specializes in developing cloud-based enterprise resource planning (ERP) and financial services tailored for small and medium-sized enterprises. The company's platform integrates business processes by offering tools for accounting and customer relationship management, enabling users to issue fiscal notes, manage receivables, and monitor daily operations effectively. Omie's software is designed to be simple, intuitive, and affordable, fostering a collaborative ecosystem where entrepreneurs and accountants can work together seamlessly to enhance business efficiency.

Acesso

Series C in 2021
Acesso is a B2B startup based in Brazil that specializes in self-funding solutions and is recognized as one of the best IT companies to work for in the country. The company develops advanced facial recognition and identification technology aimed at enhancing document and process management. Acesso's offerings emphasize biometric authentication and digital onboarding, enabling clients to transition to paperless operations. By streamlining workflows among businesses, government entities, and clients, Acesso seeks to simplify and control relevant business processes, thereby improving efficiency and user experience.

MB | Mercado Bitcoin

Series B in 2021
We are the largest Digital Assets Platform in Latin America. - 4,000,000 clients - +220 assets listed - 11 years operating since 2013 - USD 31 billion transacted - 400 employees - +120M USD tokenized assets Achievements: - Top #1 Series B round ever in Latin America and the largest investment in a crypto company ever made by SoftBank in the region - 1st RWA Tokens issuer in Brazil, LatAm Leader, 4th worldwide - Based in Brazil with offices in Portugal and Mexico Invested by: - SoftBank - 10T Holdings - genial - GP Investments - Mercado Libre - Parallax Ventures - Tribe Capital Regulatory Licences: - BACEN - CVM - Banco de Portugal Audited by: - EY The company was founded in 2013 by Gustavo Chamati and Mauricio Chamati and is headquartered in Sao Paulo, Brazil.

QuintoAndar

Series E in 2021
QuintoAndar is a digital platform that streamlines the rental process for residential real estate in Brazil, catering to both landlords and renters. Founded in February 2013 by Gabriel Braga and Andre Penha, the company is headquartered in São Paulo. QuintoAndar offers a marketplace featuring various rental listings, allowing users to schedule visits and finalize agreements without the burden of paperwork. The platform also provides rental insurance and facilitates recurring payments, eliminating the need for guarantors. By prioritizing transparency and efficiency, QuintoAndar aims to enhance the rental experience for all parties involved.

Afya

Post in 2021
Afya is an Edtech that helps doctors acquire knowledge throughout their medical careers. Afya Educacional was born from the union of NRE Educacional, the largest group of medical schools in the country, with Medcel, a leading company in preparatory courses for medical residency, specializations, and updates. Afya is a highly technological company, with an educational bias and dedicated to taking care of the entire professional journey of the doctor. Afya Educacional was born in 2019 and is headquartered in Minas Gerais, Brazil.

MadeiraMadeira

Series E in 2021
MadeiraMadeira is an online marketplace based in Curitiba, Brazil, that specializes in home products. Founded in 2009, the company offers an extensive selection of over 300,000 items, allowing customers to build, furnish, renovate, and decorate their homes conveniently through a smartphone or computer. The platform features a diverse range of products, including bathtubs, wooden doors, steel windows, wooden flooring, and lighting solutions, making it a comprehensive destination for home decor needs.

Creditas

Series E in 2020
Creditas is a financial technology company that operates a digital platform that offers secured consumer loans. It uses credit scoring systems and borrowers’ assets, such as homes and automobiles as collateral to offer loans. Sergio Furio founded BankFacil in 2012 that later became Creditas. It has its headquarters in São Paulo in Brazil.

Olist

Series D in 2020
Olist is a Brazilian company headquartered in Curitiba that operates an online e-commerce platform designed to facilitate sales for small and medium-sized businesses (SMBs). It acts as a commerce enabler by connecting entrepreneurs to major online marketplaces, allowing them to advertise and sell their products seamlessly. Olist's offerings include Olist Store, which helps merchants sell on various marketplaces, and Olist Shops, a mobile-first e-commerce solution integrated with social media and accessible in 180 countries. Additionally, Olist provides logistics services through Olist Pax, a cloud-based network that supports fulfillment in Brazil, and financial services through Olist Credit and Olist Pay, assisting SMBs with their capital needs. As a leading commerce enabler, Olist is expanding its reach beyond Brazil to serve the global market.

Acesso

Series B in 2020
Acesso is a B2B startup based in Brazil that specializes in self-funding solutions and is recognized as one of the best IT companies to work for in the country. The company develops advanced facial recognition and identification technology aimed at enhancing document and process management. Acesso's offerings emphasize biometric authentication and digital onboarding, enabling clients to transition to paperless operations. By streamlining workflows among businesses, government entities, and clients, Acesso seeks to simplify and control relevant business processes, thereby improving efficiency and user experience.

iClinic

Series B in 2020
iClinic is a leading digital health company based in Ribeirão Preto, São Paulo, Brazil, that focuses on transforming independent medical practices through its comprehensive practice management platform. Founded in 2012, iClinic provides a cloud-based solution that includes electronic medical records, a clinical management system, an online consultation platform, and tools for marketing and billing. With over 20,000 users across Brazil, the company aims to empower healthcare providers by enhancing their operational efficiency and enabling better patient care.

PetLove

Series B in 2020
PetLove is an e-commerce platform that specializes in providing a diverse array of pet products and supplies. Originally established as PetSuperMarket in 1999, the company rebranded to PetLove after 12 years to strengthen its focus on fostering relationships between pet owners and their pets. The online store features over 10,000 items, including pet food, veterinary health products, and accessories for various animals such as dogs, cats, birds, reptiles, and rodents. Customers benefit from a loyalty program that offers discounts from their first purchase, enhancing the shopping experience. PetLove aims to ensure convenience by delivering products directly to customers' doorsteps.

VTEX

Series C in 2019
VTEX is a developer of a cloud-based eCommerce platform designed to help companies modernize their operations and minimize the need for software updates. The platform offers a comprehensive omnichannel commerce solution that empowers retailers, brands, and B2B manufacturers to enhance sales while reducing overhead costs. By facilitating collaboration among partners, suppliers, and even competitors, VTEX aims to eliminate channel conflicts and provide seamless customer service. Its software-as-a-service model enables clients to build online stores, manage orders across various channels, and create marketplaces for third-party vendors. The company primarily generates revenue from Brazil, followed by other regions in Latin America and globally.
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