Comparing check sizes and the evolution of early-stage deal volumes over the past six quarters, some notable differences emerge:
While the United States shows a gradual recovery in both the number of transactions and check sizes, Latin America exhibits fluctuations and volatility.
Overall, LATAM experienced only slight improvement in check sizes from 2022 to 2024, alongside some growth in transaction numbers.
Average check sizes in the United States consistently exceeded those in Latin America by more than $1 million during this period. This provides U.S. startups with a significant advantage over LATAM startups, even when accounting for differences in purchasing power, as the cost of talent and other tech resources has globally aligned since the pandemic.