Latin American startups raised $274 million in 42 rounds of investment over the past month., points to the District's Venture Capital report,platform specialized in AI implementation projects for corporations in Latin America. Brazilian companies stood out by raising 66% of all the volume collected in the region.
After a very strong first semester, September was marked by a slight slowdown of 17,8% in the volume of resources compared to the same month in 2023, When startups in the region raised $333 million,. The number of rounds dropped from 65 in September 2023 to 42 last month.. As fintechs, with $167,2 million, They were the ones who raised the most funds.. Retailtechs and foodtechs are right behind., with $53,1 million each.
The Brazilian Cayena, marketplace for the wholesale purchase of food supplies, and Rock, who works with CRM solutions, It was the startups that raised the biggest rounds., $55 million each.. Cayena received the funds in a Series B led by Bicycle Capital. Rock has already obtained the funds from the Hindiana fund. With the investment, He bought Bnex..
The late-stage market is beginning to show signs of recovery. It's a slow movement., but gradual.
The Brazilian market recorded a volume of US$183,3 million in September, a drop of 17,8% compared to US$223 million in the same period of 2023, According to the district report,. The number of rounds has already been reduced from 42 in September last year to 28 in the last month..
In September, the number of mergers and acquisitions of startups in Latin America remained stable compared to the same month of 2023: there were 11 transactions, volume which was below this year's monthly average of 16 M&A
