M&A LATIN AMERICA BY SECTOR - Q1 2025

Fernanda Bezerril
Oct 7
1 min read

In the first quarter of 2025, Latin America recorded 52 startup acquisitions, a 24% increase compared to the same period in 2024.

While fintechs remain in the lead, accounting for 23% of total acquisitions, other segments are gaining traction: Deep Techs grew 40% YoY, Security jumped 150%, and the HRTech sector surged 300% YoY, reflecting growing demand for talent management and productivity solutions.

Sankey diagram entitled “M&A Latin America by Sector - Q1 2025.” The total number of acquisitions was 52, representing a 24% increase over the previous year (YoY). The left column lists the Acquirees by sector and number of transactions, which are: Fintech (12, +33% YoY), Deep Tech (7, +40% YoY), Security (5, +150% YoY), HRTech (4, +300% YoY), and Others (24). The right column lists Buyers by sector and number of transactions: Fintech (10, +67% YoY YoY), Finances (8, +33% YoY), Deep Tech (3, +50% YoY), Lawtech (3, +200% YoY), Mobility (3, +200% YoY), Retailtech (3, +50% YoY), Security (3), and Others (19). The center of the chart shows the connections (flows) between the Acquired sectors and the Buying sectors, illustrating M&A transactions. The source of the information is “Sling Hub.” Translated with DeepL.com (free version)

Among buyers, the Lawtech and Mobility sectors saw significant expansion, both posting 200% growth in the number of acquisitions.

The data suggests that M&A activity in the region is becoming less concentrated in fintechs, signaling greater maturity and diversification. For startups, it’s a sign that real exit opportunities are emerging in previously untapped niches. For buyers, it represents an opportunity to acquire strategic capabilities in key innovation areas.

M&A LATIN AMERICA BY SECTOR

AQUISIÇÕES NA AMERICA LATINA POR SETOR

By DealMaker Insights | DealMaker