The Wall Street Journal splashed the news this morning: Miami is now attracting the likes of SoftBank and Founders Fund and more are scouting the area. Two of the world’s most prominent venture capital companies are making big bets on Miami’s future in tech.
SoftBank Group is looking for “a big block of expansion space” in Miami and Founders Fund is building out an expansive office in the Wynwood Annex, the Wall Street Journal reported. The Wall Street Journal’s sources said SoftBank was looking for as much as 100,000 square feet of space in response to the tech boom in progress – it currently occupies about 14,000 square feet in Miami. SoftBank, under COO Marcelo Claure’s leadership, recently committed $100 million to fund Miami-based startups as well, and operations for SoftBank’s $5 billion Latin America Fund already making waves in the region are based here, too.