Morrison & Foerster advised SoftBank Latin America Fund in connection with its funding round in Brazilian collective shopping startup Trela. The platform, created in 2020, allows groups of people to place orders directly with producers through WhatsApp, and the funds will be used for geographic expansion and hiring staff.
Launched in 2019, SoftBank Latin America Fund is the largest technology fund focused exclusively on the fast-growing Latin American market. The Fund works with a variety of companies and entrepreneurs to accelerate tech-focused innovation and define the future of Latin America.
MoFo also recently advised SoftBank Latin America Fund on investments in Incode, a next-generation identity and authentication platform for global enterprises, Addi, a fintech startup that offers buy-now-pay-later technology, Open Co, a Brazilian consumer credit company, and Laika, a Colombia-based pet supplies e-commerce platform.
The MoFo team advising SoftBank Latin America Fund was led by Miami-based Latin America Desk co-chair Randy Bullard, together with corporate partner Juan Delgado and associate Axel Miranda.