SoftBank Group Corp., the firm that has plowed billions of dollars into Latin American startups over the past few years, made its first foray into Chile by taking part in a $60 million funding round for Betterfly, a health technology company.

SoftBank was joined by DST Global Partners, QED Investors, Valor Capital and Endeavor Catalyst in the funding round that now values Santiago-based Betterfly at $300 million, according to the company.

Betterfly describes itself as an insurance technology, or "insurtech” company. It provides a digital benefits platform for companies to reward employees’ healthy habits with life insurance that grows at no cost and the option of donating to different causes. Among the benefits it provides are telemedicine, mental health, exercise programs, nutrition advice and financial education.