SoftBank Latin America is certainly having massive exits, but not the lucrative kind. Paulo Passoni and Shu Nyatta, two managing investment partners of SoftBank’s Latin America practice, are leaving the firm to start their own venture practice. According to Passoni’s LinkedIn post, Nyatta and him “now move towards achieving our own dreams. In our own […]
SAN FRANCISCO: SoftBank Group Corp’s Shu Nyatta and Paulo Passoni, two of the three managing partners at the SoftBank Group Corp’s Latin America Fund, said they are leaving to start their own venture business focused on late-stage startups in the region.
(Bloomberg) The founder of Argentine fintech Ualá, Pierpaolo Barbieri, is launching a venture capital firm that has raised $30 million from a roster of investors, including General Catalyst, Brevan Howard founder Alan Howard and others.
SoftBank's Latin American investment arm is now Upload Ventures, a firm that backs early-stage companies in the region at a page of about $100 million per year.