SoftBank Scales Back Latin America Tech Bets as Venture Capital Boom Fades

Bloomberg Technologyby Giovanna Bellotti Azevedo, Zijia SongJune 16, 2026tech

SoftBank Group Corp. is struggling to find startups in Latin America ready for major investments, underscoring how sharply the tech boom there has cooled since attracting record levels of venture capital only a few years ago.

This article was published on Bloomberg Technology (bloomberg.com). Read the full article on the original source:

Read full article on Bloomberg Technology

SoftBank Scales Back Latin America Tech Bets as Venture Capital Boom Fades

More from Bloomberg Technology

China Fines Trip.com $765 Million for Market-Dominance Abuse

SK Chair Says Anthropic Asked for Supplies to Make Its Own Chips

Big Asia Stock Funds Turn to Laggards to Cut Risk From AI Swings

Nvidia to Invest $1 Billion in Naver and Expand SK Group Accord

SpaceX Starship Deploys Starlink Craft During Post-IPO Test

CFTC Warns Prediction Markets Over Blanket Self-Certifications

Getting Ditched by Amazon Revitalized One Game Studio

SpaceX at $100 Would Imply Zero AI Value, Morgan Stanley Says