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SoftBank is gaga for startups in Latin America. Since it first announced it was planting a stake in the region’s soil in early 2019, the Japanese conglomerate – from its own balance sheet, it says – has injected more than $ 5 billion in the region, and he expects that number to exceed $ 8 billion. by the end of the year.

Its capital contributions are significant to say the least. In 2019, Latin American startups raised $ 5.3 billion in funding, according to CB Insights. In 2020, they collected roughly the same amount.

This year, the pace of transactions has shifted into high gear, with $ 9.3 billion invested in Latin American startups in the first six months, and SoftBank Group CEO Marcelo Claure estimates that from here 2023, nearly $ 30 billion will be invested in the region each year.

“Finally, the world has realized that Latin America has size,” Claure, from Bolivia, told TechCrunch Disrupt today. “It’s only half the size of China, but it’s twice the size of India and three times the size of Southeast Asia.”

Plus, he said, people are making money there. “Latin America has the same GDP per capita – $ 9,000 to $ 10,000 per year – as China, and that’s three times (GDP per capita) in India, and twice what people earn in Asia. from the South East.

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