Welcome to our Tech Roundup, where we bring you the biggest stories in technology and innovation in Brazil and Latin America. This week: Investors’ caution to startups is not due to a lack of money.
More demanding than ever, LatAm funds have their pockets full
The Association for Private Capital Investment in Latin America (LAVCA) has just released its 2024 Trends in Tech report. While confirming that 2023 was the third-best year for the ecosystem, the data also shows that the region’s largest funds have their pockets full of new resources.
State of play. Amid a global funding winter, managers secured USD 2.1 billion in fresh capital for Latin American startups — the third-largest volume of venture capital available, behind only the previous two record years.
Why it matters. If, in 2021, much of the funding surge in Latin America was led by global, U.S.-based investors such as SoftBank, Tiger Global, and Valor Capital Group, the ecosystem is now back in the hands of its regional managers.
- More than half of the resources raised last year are in the pockets of established regional players (those with more than four funds).
- Kaszek, one of the first…
