SoftBank’s makeover, in the wake of COO Marcelo Claure’s resignation over a compensation dispute, is hard to miss. Last month, the firm shifted leadership and structure of one of Claure’s most notable contributions – a $100 million growth fund for founders of color – into an evergreen investment vehicle with new leadership. Today, it’s making a move that Claure himself reportedly advocated for when still at the firm; but originally clashed with leadership over.
The firm announced today that it is spinning out its Latin American investment arm into a new autonomous entity, dubbed Upload Ventures, that will back early-stage companies in the region at a pace of about $100 million per year.
As mentioned, the move comes around six months after Claure reportedly pushed for the Latin American arm to be spun off and clashed with SoftBank executi …
