Miami resident and Inter Miami F.C. co-owner Marcelo Claure will serve as chief executive officer, responsible for overseeing the new fund’s investments and operations. He will continue in his current roles as chief operating officer of SoftBank, chief executive officer of SoftBank Group International, and chairman of Sprint.
Tokyo-based technology conglomerate SoftBank Group announced Thursday the creation of the $5 billion SoftBank Innovation Fund, the largest technology fund focused exclusively on the fast-growing Latin American market. SoftBank is starting the fund off with $2 billion, and will serve as general partner.
It is also creating the SoftBank Latin America Local Hub, a new company that will partner with SoftBank and its existing portfolio of companies, which includes Uber, WeWork, and DoorDash food delivery service, to help them grow in the region.