Morrison & Foerster advised SoftBank Latin America Fund, the largest venture fund in Latin America, in a joint venture with WeWork, the leading flexible space provider, that provides SoftBank Latin America Fund with the exclusive right to operate the WeWork brand in Argentina, Brazil, Chile, Colombia, and Mexico.
The joint venture combines SoftBank Latin America Fund’s proven local operating expertise with the strength of WeWork’s product. Over the past four months alone, the Latin America market has seen a double digit increase in occupancy to nearly 50% as companies in the region turn to flexible solutions.
Launched in 2019, the SoftBank Latin America Fund is the largest technology fund focused exclusively on the fast-growing Latin American market. The $5 billion SoftBank Latin America Fund partners with a variety of companies and entrepreneurs to accelerate tech-focused innovation and to define the future of Latin America.
The MoFo team representing SoftBank Latin America Fund was led by Miami corporate partners Randy Bullard (also co-chair of MoFo’s Latin America Desk), Alexandra Aguirre, and Juan Delgado, and associates Axel Miranda and Ludovica Gardani.