SoftBank is planning to invest $100 million in Miami area startups, launching an initiative that will assist local tech companies and those looking to launch in the area, Bloomberg reported on Thursday (Jan. 28).
Known as the Magic City, the beach-side metropolis has been looking to attract technology firms. Softbankâs investment is intended to help Miami solidify its position as a top tech firm destination. The South Florida ecosystem in greater Miami attracted venture capital investments totaling $1.06 billion in 2020, according to research firm PitchBook, per Bloomberg.
Marcelo Claure, chief operations officer and executive vice president at SoftBank Group, said the company has selected its first…