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VC Highlights Latam - 1Q 2024

In recent years, the venture capital scenario in Latin America has faced challenges and adjustments. However, despite a period of reconfiguration between 2022 and 2023, the beginning of 2024 proved to be a period of intense activity for the startup ecosystem in the region, bringing encouraging signs.

In the first quarter of the year, total investment raised in the region increased 24% year-on-year to reach US$1.4 billion, with a 34% increase in average round sizes.

Of this total, US$721 million came from equity funding, representing an increase of 17% compared to the previous year. The average round size also grew, recording a 53% increase.

Fintechs accounted for approximately 47% of investments in the region, while emerging sectors such as energy and telecommunications experienced significant increases.

Although Brazil leads in number of rounds and total volume raised, Colombia stands out in the ranking of the main equity funding in the region with startups Simetrik, Bold and Addi, together with the Brazilian Conta Simples and Argentine Pomelo.

In the scenario of early-stage startups, responsible for 54% of the volume raised, Brazil occupies the lead with three startups: energytechs Minum and Delfos,and gaming startup PlayGreen.


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