Kaszek Ventures raises $600 million in two funds as Latin America’s startup market booms

Kaszek Ventures, the investment firm that has been one of the primary architects of the recent boom in startup financing and growth in Latin America, has just raised $600 million across two new funds. The new commitments (raised in roughly two months) put Kaszek’s total capital under management at roughly $1 billion, making the firm […]

SoftBank reportedly plans to lend employees as much as $20 billion to invest in its VC fund

SoftBank has a plant to loan up to $20 billion to its employees, including CEO Masayoshi Son, for the purposes of having that capital re-invested in SoftBank’s own Vision venture fund, according to a new report from the Wall Street Journal. That’s a highly unusual move that could be risky in terms of how much […]

WeWork reveals IPO filing

WeWork, now known as The We Company, released its IPO prospectus Wednesday morning months after filing confidentially to go public. The company indicated plans to raise $1 billion in what is likely a placeholder amount. Backed by billions from SoftBank and its mammoth Vision Fund, the highly-anticipated float is expected as soon as next month. […]

Startups Weekly: SoftBank’s second act

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I noted some challenges plaguing mental health tech startups. Before that, I wrote about Zoom and Superhuman’s PR disasters. Remember, you […]

SoftBank announces AI-focused second $108 billion Vision Fund with LPs including Microsoft, Apple and Foxconn

SoftBank Group announced today that it will launch its second Vision Fund with participation from Apple, Foxconn, Microsoft and other tech companies and investors. Called the Vision Fund 2, the fund will focus on AI-based technology. SoftBank said the fund’s capital has reached about $108 billion, based on memoranda of understandings. SoftBank Group’s own investment […]

Microsoft and the second SoftBank Vision Fund as another play for corporate cloud dominance

It looks like the return of SoftBank’s Vision Fund may be less reliant on murder money and more reliant on Microsoft’s money-making machine for its backing. The rumored involvement of Microsoft in financing SoftBank Vision Fund II (electric boogaloo?) is interesting for what it may indicate about how the relationship between venture investors, startups and […]

Microsoft in talks to invest in SoftBank’s second Vision Fund

SoftBank is said to be preparing the announcement of a $40 billion investment in its second Vision Fund, according to a new report from The Wall Street Journal. News of the mammoth investment comes after weeks of rumors the Japanese telecom giant was struggling to secure capital for its second fund, citing lukewarm reception from […]

WeWork accelerates IPO plans, plots September listing

WeWork chief executive officer Adam Neumann is already rich, but soon all of the early employees and investors of the co-working giant will be too. The business, now known as The We Company, has accelerated its plans to go public, according to a new report from The Wall Street Journal. WeWork is expected to unveil […]

Sony announces a new $185M fund to invest in tech startups

Sony is doubling down on the world of startup investment. The Japanese tech giant announced a new fund that is aiming to raise 20 billion JPY (around $185 million) to invest in companies within “key high-growth industries.” While Sony launched a fund in 2016, this new vehicle — which is called Innovation Growth Fund — has […]

From seed to Series A: Scaling a startup in Latin America today

Nathan Lustig Contributor Nathan Lustig is an entrepreneur and managing partner at Magma Partners, a seed-stage investment fund in Santiago, Chile. More posts by this contributor Latin America is the next stage in the race for dominance in the ride-hailing market Latin America’s Movile is quietly building a mobile empire It’s not easy to raise […]