CB Insights – LatAm Venture Report, 3Q 2023

CB Insights' LatAm Venture Report for the third quarter of 2023 shows that global venture funding has increased by 11% from the previous quarter, reaching $64.6 billion. This growth can be attributed to large deals in sectors such as electric vehicles, sustainable manufacturing, and artificial intelligence. However, despite the increase in funding, the overall deal count has fallen for the sixth consecutive quarter, reaching its lowest level since 2016, with only 6,111 deals closed. Key takeaways from the report include a 40% decrease in new unicorn births in Q3'23, reaching the lowest total in years. On the other hand, the global IPO market continues to rebound, with a 24% increase in IPOs compared to the previous quarter. In terms of equity deals, half of the top 10 largest deals were made in the electric vehicle industry. Furthermore, Europe leads the global exit share with a 38% share, closely followed by the US at 35%. Overall, the Q3'23 report highlights the continued growth in venture funding, the decline in the number of deals, and the prominence of certain industries in the global market.