Since 2019, we have observed an interesting trajectory in the evolution of investment rounds in Latin America, with startups such as Rappi, Nubank, Kavak.com and Neon raising significant rounds, highlighting the strengthening of the innovation ecosystem in the region.
In 2019, Rappi raised US$1B in a Series E round, highlighting the growth potential of delivery and super app startups. Nubank, one of the largest fintechs in the world, appeared in 2020 and 2021 with significant rounds, consolidating its leadership in the financial sector. Kavak also gained prominence with significant rounds, reinforcing the interest in business models for buying and selling used cars.
As of 2022, we see a diversification in the sectors, with fintechs Neon and Creditas receiving large contributions, as well as proptech QuintoAndar.
In 2023 and 2024, the amounts begin to decrease, with companies such as Órigo Energia e Celcoin raising rounds below US$150M, reflecting a possible readjustment of the venture capital market, which presents a more selective scenario.