TLDR:
- Latin American funds raised USD 2.1 billion for startups in 2023
- Regional managers are now leading the funding surge in the ecosystem
Summary:
The Latin American startup ecosystem saw a significant boost in 2023, with funds raising a total of USD 2.1 billion, marking it as the third-largest volume of venture capital available. This surge in funding has shifted the control back to regional managers, with more than half of the resources raised last year being in the hands of established regional players. The Association for Private Capital Investment in Latin America (LAVCA) released its 2024 Trends in Tech report, confirming the success of the funding year. Despite a global funding winter, investors’ caution toward startups is not due to a lack of money but to their increased demands and expectations. This trend highlights the growing maturity and attractiveness of the Latin American tech market.
