Startups

Startups funding in Latin America valued over 15 billion dollars

StartUp City | Monday, February 07, 2022

In 2021, the surge of venture capital generated 17 new unicorns. LAVCA’s data showed that fintech firms favored investments

FREMONT, CA: In 2021, venture capitalists poured a record amount of money into Latin America, creating a new class of billion-dollar firms in a region that is quickly becoming a target for them. According to preliminary figures released on Sunday, 23 January, by the Association for Private Capital Investments in Latin America, or LAVCA, startups raised 15.3 billion dollars last year, more than tripling the previous high of 4.9 billion dollars set in 2019. Financial technology, or fintech, received more funding than any other sector, according to the New York-based group. Funding in every major country hit a record, headed by Brazil, and financial technology, or fintech, received more funding than any other sector.

In 2021, Latin American businesses raised a record 15.3 billion dollars in venture capital. According to Julie Ruvolo, managing director of venture capital at LAVCA, international funders are working with local shops in large and small investment rounds. Last year, they assisted in the formation of 17 private enterprises worth 1 billion dollars or more, including a few in Mexico, such as used-car reseller Kavak, which is valued at 8.7 billion dollars. According to LAVCA, there were no so-called unicorns in Mexico as of January 2021. In 2021, Latin American businesses raised a record 15.3 billion dollars in venture capital.

Latin America was not the only region that was affected. In emerging markets, venture capital increased by 128 percent in the first half of the year compared to the previous year. According to the most recent available data from the Global Private Capital Association, of which LAVCA is a member, it was up 335 percent in Latin America. Global markets are exploding, with record-breaking years after record-breaking years, Ruvolo remarked

Source: https://www.startupcity.com/news/startups-funding-in-latin-america-valued-over-15-billion-dollars-nwid-2557.html

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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