Startup Funding Triples to a Record $15 Billion in Latin America
By Ezra Fieser
Tech investors poured a record amount of funding into Latin America last year, minting a new class of billion-dollar startups in a region rapidly becoming a target for venture capitalists.
Startups attracted $15.3 billion last year, more than triple the previous record of $4.9 billion in 2019, according to preliminary data released Sunday by the Association for Private Capital Investments in Latin America, or LAVCA. Funding in every major country hit a record, led by Brazil, and financial technology, or fintech, garnered more than any other sector, the New York-based association said.