LatAm Tech Venture Capital Rebounds as Investors Focus on Quality
Latin America experienced a notable rebound in technology and startup investments in 2024. With an impressive 37% growth, the total investment reached approximately USD 8.7 billion. This recovery was significantly driven by Brazil, accounting for 57% of the overall investment value, as per data from Sling Hub and Itaú BBA.
Investment Trends and Exits in 2024
Despite the upswing in investments, the Latin America Venture Capital Report 2025 highlighted a decline in exit volumes. Exits totaled around USD 1.9 billion in 2024, marking the lowest level in recent times. The trend indicates a strategic shift among investors towards prioritizing quality and robust business models over sheer volume, following a period of adjustment.
Brazil’s Investment Landscape
In the first half of 2025, investment in Brazil reached USD 1.25 billion, representing just over half of 2024’s total. TTR Data reported 2,118 transactions from January to the third quarter of 2025, amounting to USD 78.1 billion—a 24% increase compared to the previous year. Brazil led the region with 1,303 transactions and over USD 37 billion mobilized.
- Transaction Details:
- 1,475 transactions recorded in Brazil as of October 2025
- R$218.4 billion mobilized
- 5% increase in transactions from 2024
- 2% growth in capital mobilized
Sector-Specific Highlights
According to TTR and ABvcap, more than 80% of investments in Brazil during the third quarter flowed into information technology and financial product startups. Notable fundraising rounds included:
- QI Tech: Raised R$350 million with involvement from General Atlantic and Across Capital.
- NG.Cash: Secured R$147 million led by NEA (New Enterprise Associates).
Mergers and Acquisitions
M&A activity has been robust in November, particularly in data and AI sectors. Brazilian consulting firm Indicium announced its merger with British firm Mesh-AI on November 4, forming Indicium AI, a consulting entity specialized in AI and data, boasting a global presence. Founded in Santa Catarina in 2017, Indicium has attracted international investments including a USD 40 million Series A funding round from Columbia Capital in May 2024.
Emerging Opportunities
In addition to Indicium, other companies have made significant strides:
- PX Center: The logtech company, founded in 2019, raised R$250 million to enhance operations and enter the North American market.
- SumUp: The Berlin-based fintech raised R$850 million in Brazil to improve payment liquidity for merchants.
- PatagonIA: A new AI platform from Chile aims to enhance language processing tailored for Chilean Spanish.
Furthermore, fintech R2 in Colombia gained investment from Singapore’s Ant Group to broaden its embedded lending solutions for SMEs.
Startup Growth in Argentina
In Argentina, the startup The Mobile-First Company succeeded in completing a USD 12 million funding round led by Base10 Partners and Lightspeed Venture Partners. Co-founded by Jérémy Goillot and Franco Pinto, the company plans to expand its workforce significantly while maintaining strong product demand.
As 2025 unfolds, the focus on quality investments in the tech sector across Latin America signals a transformative era for the region’s startup ecosystem.
