Marcelo Claure, the former SoftBank Group Corp. executive, made a first investment in his recently launched venture capital fund Bicycle Capital, helping to fund a Brazilian motorcycle rental startup.
(Bloomberg) — Marcelo Claure, the former SoftBank Group Corp. executive, made a first investment in his recently launched venture capital fund Bicycle Capital, helping to fund a Brazilian motorcycle rental startup.
Bicycle, which includes Claure’s former SoftBank executive Shu Nyatta, took part in a $50 million Series C round for Mottu that was co-led by QED and had participation by Endeavor Catalyst and Caravela Capital, Claure said in a LinkedIn post.
“Bicycle Capital is thrilled to announce our inaugural investment in Mottu, a motorcycle rental company dedicated to empowering gig economy professionals,” he wrote. “Mottu is playing a pivotal role in building Latin America’s last-mile ecosystem across Brazil and Mexico.”
Read more: Marcelo Claure of SoftBank Fame Has a New Venture Firm
Claure and Nyatta were part of the team that invested billions of dollars of SoftBank capital into Latin American startups between 2019 and 2022.
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