Dealroom – LatAm Tech Update, 2Q 2024

Dealroom's LatAm Tech Update for Q2 2024 reveals the latest insights on the startup and venture capital scenes in Latin America. In this period, $1.1B of venture capital was raised across the region, with 45% of this total going to Brazilian startups. Three significant fintech funding rounds occurred, marking a strong start for the year. Additionally, 308 rounds of over $2M were raised by Latin American startups in the first half of 2024, surpassing pre-pandemic levels. While early-stage VC remains stable, late-stage investment has not fully rebounded since 2022. Breakout-stage funding is showing signs of recovery after a decline, with fintech continuing to dominate as the most funded sector in H1 2024. Overall, Latin American venture capital investment is on par with 2023 levels, indicating a resilient startup ecosystem in the region.