Softbank Vcs And $100M Fund Are Moving To Miami

by businessinsider.com posted 4weeks ago 7 views
Summary List PlacementEarlier this year, SoftBank Group joined the growing herd of investors planting stakes in Miami as the next big startup hub. But Shu Nyatta, the managing partner who helps run its $100 million Opportunity Fund for Black, Latinx, and Native American founders, had long been planning to move there, he tells Insider. In 2019, SoftBank launched a $5 billion fund focused on Latin America, a region that is notably overlooked by VCs. Nyatta hoped to jump on opportunities in Miami while it was still off the radar. He'd secured an apartment and got a Florida drivers license.

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