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Brazil s Loggi Valued Near $2 Billion in Funding Round

SoftBank-Backed Loggi Valued Near $2 Billion in Fundraising Bloomberg 3/1/2021 Vinícius Andrade © Bloomberg The SoftBank Corp. logo is displayed alongside notices indicating a change in closing time and for wearing protective masks when visiting a store on a glass door of a store in Tokyo, Japan, on Tuesday, April 14, 2020. SoftBank Group forecast a record 1.35 trillion yen ($12.5 billion) operating loss for the fiscal year ended in March, a sign of how badly Masayoshi Son s bets on technology startups have been battered in recent months. (Bloomberg) Brazilian delivery startup Loggi Tecnologia Ltda, which is backed by SoftBank Group Corp. and Microsoft Corp., raised 1.15 billion reais ($205 million) in its latest funding round that now values the company at close to $2 billion.

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