In 2020, companies with a regional geographic strategy raised approximately 40 percent of the capital investments received by Latin American tech startups (also called Tecnolatinas). Meanwhile, businesses targeting the Brazilian market concentrated around 35 percent of the capital raised by Tecnolatinas in 2020. This pattern is consistent with the rise of venture capital (VC) investments in the increasingly attractive Brazilian market, which accounted for over 50 percent of all VC deals closed in Latin America in 2019.
Distribution of the capital raised by startups in the tech industry in Latin America in 2020, by geographic strategy
Tecnolatinas refers to technology-based private companies born in Latin America and the Caribbean and owned by founders from the region. It includes companies that have raised more than one million U.S. dollars of capital and with an estimated value of six million U.S. dollars or more.
Supplementary notes
Various sources include Surfing Tsunamis, Tecnolatinas, LAVCA, Crunchbase, Pitchbook, Techcrunch, Research Reports and Media Reports.
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Inter-American Development Bank. (March 25, 2021). Distribution of the capital raised by startups in the tech industry in Latin America in 2020, by geographic strategy [Graph]. In Statista. Retrieved November 12, 2024, from https://www.statista.com/statistics/1227317/latin-america-capital-raised-startups-tech-industry-geographic-strategy/
Inter-American Development Bank. "Distribution of the capital raised by startups in the tech industry in Latin America in 2020, by geographic strategy ." Chart. March 25, 2021. Statista. Accessed November 12, 2024. https://www.statista.com/statistics/1227317/latin-america-capital-raised-startups-tech-industry-geographic-strategy/
Inter-American Development Bank. (2021). Distribution of the capital raised by startups in the tech industry in Latin America in 2020, by geographic strategy . Statista. Statista Inc.. Accessed: November 12, 2024. https://www.statista.com/statistics/1227317/latin-america-capital-raised-startups-tech-industry-geographic-strategy/
Inter-American Development Bank. "Distribution of The Capital Raised by Startups in The Tech Industry in Latin America in 2020, by Geographic Strategy ." Statista, Statista Inc., 25 Mar 2021, https://www.statista.com/statistics/1227317/latin-america-capital-raised-startups-tech-industry-geographic-strategy/
Inter-American Development Bank, Distribution of the capital raised by startups in the tech industry in Latin America in 2020, by geographic strategy Statista, https://www.statista.com/statistics/1227317/latin-america-capital-raised-startups-tech-industry-geographic-strategy/ (last visited November 12, 2024)
Distribution of the capital raised by startups in the tech industry in Latin America in 2020, by geographic strategy [Graph], Inter-American Development Bank, March 25, 2021. [Online]. Available: https://www.statista.com/statistics/1227317/latin-america-capital-raised-startups-tech-industry-geographic-strategy/
