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Morrison Foerster advised SoftBank Latin America Fund in connection with its $150 million Series C funding round in Nowports, an automated digital freight forwarder based in Mexico that combines its knowledge in logistics and technology to ship merchandise efficiently, transparently, and safely.

MoFo Advises SoftBank Latin America Fund on Investment in Nowports

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Morrison Foerster advised SoftBank Latin America Fund in connection with its $150 million Series C funding round in Nowports, an automated digital freight forwarder based in Mexico that combines its knowledge in logistics and technology to ship merchandise efficiently, transparently, and safely.Nowports began operating in Brazil in December of 2021, and opened offices in Panama, Chile, and Colombia in the first quarter of 2022. Nowports plans to use the capital from its most recent fundraising for its planned expansion in Latin America at a time when markets are still grappling with supply-chain disruptions and currency volatility due to the coronavirus pandemic and the war in Ukraine.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 its investment in <a href="https://protect-us.mimecast.com/s/HKriCzpxQASMnpN6EU4Hqem?domain=nam11.safelinks.protection.outlook.com" rel="noopener noreferrer" target="_blank">Trela</a>, a Brazilian collective shopping startup.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.