About SoftBank Latin America Fund
SoftBank Latin America Fund is a venture capital firm founded in 2019. It is primarily based out of Miami, United States. As of Mar 2025, SoftBank Latin America Fund has invested in 72 companies. It primarily invests in Series A round in Brazil based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and FinTech. Most recently it participated in the $***** Series E round of Kavak Overall, SoftBank Latin America Fund portfolio has seen 22 unicorns, 6 IPOs and 7 acquisitions including key companies like Swile, VTEX and Pet Love. A lot of funds co-invest with SoftBank Latin America Fund, with names like SoftBank Vision Fund sharing a substantial percentage of its portfolio. SoftBank Latin America Fund has team of 11 people including 6 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 5 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
SoftBank Latin America Fund's List of Top Investments
SoftBank Latin America Fund has a portfolio of 72 companies, including 22 unicorns. Their most notable investments are in Pismo and Birdie.Their portfolio spans across Brazil, United States, Mexico and 8 more locations. They have invested in Enterprise Applications, Consumer, FinTech and 23 other sectors, across stages such as Series A, Series B and 5 more. Here is the list of top investments by SoftBank Latin America Fund:1. QuintoAndar
Online brokerage firm for rental properties. The platform enables property seekers to specify a location and obtain a list of registered properties. Once a property is shortlisted users can schedule visits and book it via the platform. For the property owners, the company provides assistance in renting the property from taking professional photographs to closing the deal.
Key facts about QuintoAndar
- Founded Year: 2012
- Location: Sao Paulo (Brazil)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $755M
- Employee Count: 5,932 as on Sep 30, 2026
- Investors: Qualcomm Ventures, Dragoneer Investment Group and 24 Others
- Latest Funding Round: Series E, Dec 02, 2022, $*****
- Highlight: Editors' Pick
2. Swile
Provider of employee benefits and expense management via a smartcard. It offers solutions for managing employee meal vouchers, gift cards, and professional travel expenses. The company provides a mobile application for card management, budget tracking, and payment options. It also offers resources and tools for human resources and committee professionals.
Key facts about Swile
- Founded Year: 2016
- Location: Paris (France)
- Annual Revenue: €50M - €100M as on Dec 31, 2023
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $328M
- Employee Count: 757 as on Sep 30, 2026
- Investors: SoftBank Group, Kima Ventures and 11 Others
- Latest Funding Round: Series D, Oct 08, 2021, $*****
- Highlight: Editors' Pick
3. VTEX
Provider of SaaS-based collaborative commerce solutions for brands and retailers. The platform offers a proprietary cloud-based platform and tools to manage products, content, user experience, checkout, logistics, merchandising, marketing, order management, personalized promotion, multiple fulfillment options, and more. The company also offers an omnichannel solution with features including an order management system, content management system, logistics, inventory, pricing and campaign management, and more.
Key facts about VTEX
- Founded Year: 2000
- Location: New York City (United States)
- Stage: Public
- Total Funding till date: $365M
- Employee Count: 2,144 as on Sep 30, 2026
- Investors: Lone Pine Capital, Riverwood Capital and 8 Others
- Latest Funding Round: Series D, Sep 28, 2020, $*****
- Highlight: Public
4. Pet Love
Platform offering multi-category supplies for cats and dogs. It offers medicine and healthcare products, grooming products, toys, feeding accessories, travel accessories, bedding, hygienic and cleaning products, treats & snacks, and more. It offers products for birds, reptiles, fish, rodents, dogs, cats, and more. The company offers mobile applications for Android and iOS platforms.
Key facts about Pet Love
- Founded Year: 2005
- Location: Sao Paulo (Brazil)
- Stage: Acquired
- Total Funding till date: $226M
- Employee Count: 235 as on Sep 30, 2026
- Investors: Riverwood Capital, IGNIA and 12 Others
- Latest Funding Round: Series C, Sep 27, 2022, $*****
- Highlight: Acquired
5. Kavak
Online retailer of certified pre-owned vehicles with financing and services. The business provides a platform for buying, selling, and managing pre-owned cars. It offers certified vehicles and aims to formalize the used car market. The company provides after-sales services and financing options to customers.
Key facts about Kavak
- Founded Year: 2016
- Location: Lerma de Villada (Mexico)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $1.85B
- Employee Count: 11 as on Aug 31, 2026
- Investors: Allen & Company, Goldman Sachs and 32 Others
- Latest Funding Round: Series F, Feb 17, 2026, $*****
- Highlight: Editors' Pick
SoftBank Latin America Fund's Year-on-Year Investment Trends
SoftBank Latin America Fund has invested in 72 companies over the last 7 years, with an average of 5 new investments annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in Kavak and most recent follow-on round was in Uala.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 1 | 1 | 2 |
2023 | 1 | 1 | 2 |
2022 | 11 | 5 | 16 |
2021 | 25 | 2 | 27 |
2020 | 1 | 1 | 2 |
2019 | 6 | 0 | 6 |
SoftBank Latin America Fund's Investments by Stage
SoftBank Latin America Fund has made 13 investments in Series A stage with an average round size of $27.4M, 10 investments in Series B stage with an average round size of $143M and 9 investments in Series C stage with an average round size of $121M.Stage of entry | No. of Investments |
|---|---|
Series A | 13 |
Series B | 10 |
Series C | 9 |
Series D | 6 |
Seed | 5 |
Others | 3 |
Note: We have considered here, only first round of investments
SoftBank Latin America Fund's Investments by Sector
SoftBank Latin America Fund has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, Vertical SaaS and Retail. Notably, it has invested in 64 Tech companies, 43 Enterprise (B2B) companies, 37 Software companies and at least 34 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 24 |
FinTech | 17 |
Consumer | 10 |
Vertical SaaS | 8 |
Retail | 6 |
Others | 39 |
Note: We have considered here, only first round of investments
SoftBank Latin America Fund's Investments by Geography
SoftBank Latin America Fund has made most investments in Brazil (21), followed by United States where it has made 11 investments.Country | No. of Investments |
|---|---|
Brazil | 21 |
United States | 11 |
Mexico | 5 |
Chile | 2 |
Colombia | 2 |
Others | 5 |
Note: We have considered here, only first round of investments
SoftBank Latin America Fund's recent investments
SoftBank Latin America Fund has not made any investment in 2026 so far.Here are the most recent investments by SoftBank Latin America Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 2025 | Mexico | Series E | 5932 | [+1] | |
Nov 11, 2024 | Argentina | Series E | 8030 | [+12] | |
Oct 28, 2024 | United States | Series B | 8633 | [+4] | |
Mar 01, 2023 | Chile | Series A | 5165 | - | |
Feb 21, 2023 | Chile | Series A | 5749 | [+1] |
Unicorns in SoftBank Latin America Fund's Portfolio
SoftBank Latin America Fund has 22 unicorns in its portfolio - Nowports, Habi, Betterfly and others. The most recent unicorn in their portfolio is Nowports. It became a unicorn in 2022.Here is a list of unicorns in SoftBank Latin America Fund's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
54 | Tech-enabled freight forwarding service provider | 2018 | Monterrey | Series C | tjvrvew | ||
69 | Provider of buying and selling homes for middle-class customers | 2019 | Bogota | Series C | lkmdgkf | ||
61 | Platform offering employee health and well being solutions | 2018 | Santiago | Series C | yzkbazn | ||
58 | Online marketplace for booking trucking services | 2014 | New York City | Series D | {ysqfxb | ||
59 | Provider of software suite solutions for e-commerce businesses | 2014 | Curitiba | Series E | xnzcgfq |
IPOs and Publicly Listed companies in SoftBank Latin America Fund's Portfolio
6 of SoftBank Latin America Fund's portfolio companies have become public. Satellogic got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Apr 2025 and Bancointer got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of undefined.Here are SoftBank Latin America Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 14, 2025 | - | - | 4816 | |
Jun 24, 2022 | - | - | 2121 | |
Jul 21, 2021 | Nov 22, 2019 | Series C | 6900 | |
May 31, 2021 | - | - | 8349 | |
Jul 19, 2019 | - | - | 6436 |
Acquired companies in SoftBank Latin America Fund's Portfolio
7 companies from SoftBank Latin America Fund's portfolio have been acquired. The most recent acquisition was Atom Finance in May 2024 by Toggle.ai for $*****.Here are SoftBank Latin America Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 15, 2024 | Jun 23, 2021 | Series B | 4288 | |
Jun 29, 2023 | Oct 19, 2021 | Series B | 4738 | |
Oct 06, 2022 | - | - | 4470 | |
Aug 02, 2022 | Aug 02, 2021 | Series A | 3680 | |
Aug 05, 2021 | - | - | 5268 |
Team profile of SoftBank Latin America Fund
SoftBank Latin America Fund has a team of 11 members including 6 Partners and 4 Principals located in United States, Brazil and 1 more location. SoftBank Latin America Fund's team does not sit on the board of any company as of now.Here is a list of top team members in SoftBank Latin America Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | - | |
Partner | Miami | - | - | |
Partner | - | - | - | |
Partner | Sao Paulo | - | - | |
Partner | Tokyo | - | - | |
Partner | Miami | - | - | |
Principal | Miami | - | - | |
Principal | Sao Paulo | - | - | |
Principal | - | - | - | |
Principal | - | - | - |
Co-investors of SoftBank Latin America Fund
Over the past 7 years, 416 investors have co-invested in SoftBank Latin America Fund's portfolio companies. This includes funds and angels.
- Invested before SoftBank Latin America Fund: Kaszek, Endeavor and 222 others have invested in rounds before SoftBank Latin America Fund. There are 8 companies where Kaszek has invested before SoftBank Latin America Fund and 7 companies where Endeavor has invested before SoftBank Latin America Fund.
- Top Co-investors of SoftBank Latin America Fund: 111 investors entered a company along with SoftBank Latin America Fund. These include investors like SoftBank Vision Fund (3 companies).
- Invested after SoftBank Latin America Fund: A total of 81 investors have invested in SoftBank Latin America Fund's portfolio after their investments. Top Investors include SoftBank Group (7 companies), Endeavor (3 companies) and Tarsadia (2 companies).
Recent News related to SoftBank Latin America Fund
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Argentinian fintech Ualá hits $2.75bn valuation on $300m funding roundFinextra•Nov 11, 2024•Allianz, Uala, Stone Ridge, Tencent and 10 others
•
Reflexivity raises $30 million Series B funding roundFinextra•Oct 28, 2024•Interactive Brokers, Greycroft, Toggle.ai, Reflexivity and 3 others
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Clip bags USD 100 mln in fundingThe Paypers•Jun 19, 2024•payclip.com, Morgan Stanley, General Atlantic, Ribbit Capital and 10 others
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Clip Raises US$100M in FundingFinSMEs•Jun 18, 2024•payclip.com, Morgan Stanley, West Coast Capital, Clip and 12 others
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Digibee bags $60M Series B led by Goldman Sachs, bringing total funding to over $90MRefresh Miami•Jun 07, 2023•Digibee, Goldman Sachs, leadwinds.com, Vivo Capital and 8 others
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SoftBank-backed Indian tech startup Oyo to cut IPO size by two-thirds as tech valuations plungeTechStartups.com•Mar 27, 2023•OYO, SoftBank Latin America Fund
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Buk Announced a New Financing Round: US$35 Million To Grow in Latin AmericaContxto•Feb 22, 2023•Buk, Base10 Partners, Greenoaks, SoftBank Latin America Fund and 2 others
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Colombian Unicorn Habi Obtains Us$6 Million Loan To Acquire Low-income HousingContxto•Jan 12, 2023•Habi, Bancoldex, Habi, Homebrew and 1 other
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L Catterton Leads New Investment Round in Razor GroupPR Newswire•Dec 23, 2022•Razor Group, L Catterton, 468 Capital, Presight Capital and 1 other
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Ligthrock Leads ~USD48m Round for Brazil’s CortexLAVCA•Oct 19, 2022•Lightrock, Cortex, SoftBank Latin America Fund, Riverwood Capital
