“SoftBank is pulling back on funding Latin American startups as the region’s tech boom loses momentum and venture capital inflows decline.”
SoftBank Group Corp. is scaling back its investments in Latin American tech startups. The move comes amid a marked slowdown in the regional tech boom, which had attracted record venture capital inflows just a few years ago.
The firm is finding fewer startups in Latin America that meet its criteria for major funding. This pullback signals a broader cooling of venture capital activity in the region as enthusiasm and investment opportunities wane.
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