Softbank will invest $100 million to make Miami a new tech hub
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Softbank COO Marcelo Claure said that talent and capital are essential components for Miami to become a tech city.
Venture capitalists and private equity investors are interested in putting more money in Miami, he said.
Softbank Capital, the Japanese multinational conglomerate, wants Miami to become a bigger player in the tech ecosystem and it s putting $100 million into the effort.
On Thursday, Softbank Chief Operating Officer Marcelo Claure and Miami Mayor Francis Suarez announced a $100 million venture capital initiative to support Miami-based businesses and tech startups that are relocating to the city.
Provided by Dow Jones By Josh Beckerman SoftBank Group Corp. launched a blank-check company focused on Latin American and Hispanic markets. LDH Growth Corp I filed for a $230 million initial public offering and plans to apply for listing on the Nasdaq Capital Market. SoftBank Chief Operating Officer Marcelo Claure, who founded Brightstar Corp., is chief executive of LDH. There are more high-growth companies with operations in Latin America and in other Hispanic countries than ever before and the potential to deploy significant amounts of capital has never been greater meriting investment activity on par with levels we are seeing in South East Asia, China and India, LDH said.