MoFo News Item

MoFo Advises SoftBank on Investment in Brazil’s Cortex

10 Jun 2020

Morrison & Foerster represented SoftBank Group Corp. in connection with its recently announced Series C financing round led by SoftBank’s Latin America Fund for Brazilian data science company Cortex, a marketing and sales manager that uses internal corporate information as well as market data to provide customers with forecasts, suggestions, and insights relevant to their current decision-making. Other investors in the round were Redpoint eventures and Endeavor Catalyst.

Cortex has among its clients large companies such as Unilever PLC, Fiat Chrysler, L’Oréal, Roche, Carrefour, Visa, and Claro.

MoFo’s Latin America corporate team previously represented SoftBank in its earlier investments in the region, including fintech companies Ualá, based in Argentina, and AlphaCredit and Konfio, based in Mexico; real estate leasing company QuintoAndar, based in Brazil; and bus charter online booking service Buser, based in Brazil.

The MoFo deal team is led by Miami-based Latin America Desk co-chair Randy Bullard and partner Alexandra Aguirre, along with corporate associate Axel Miranda.

Pinheiro Neto served as Brazilian local counsel representing SoftBank. 

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