• Latin American Fintechs Lead Unexpected Startup Funding Rebound

  • Jul 16 2024
  • Length: 3 mins
  • Podcast

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Latin American Fintechs Lead Unexpected Startup Funding Rebound

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  • Summary

  • Funding to Latin American startups rose significantly in the second quarter of 2024, driven by a resurgence in late-stage deals. Companies in South and Central America raised $791 million in seed- through growth-stage financing, marking a 25% rise from the previous quarter and a 17% increase from a year ago. Fintech led the recovery, with notable deals including $120 million for Celcoin and $100 million for Clip. Other sectors also saw large rounds, such as Incidium's $40 million and Akad Seguros' $22.5 million. Late-stage deals saw the biggest improvement, with Series C and beyond totaling $291 million. Early-stage investments remained stable at $386 million. Despite improvements, overall funding is still significantly below the record highs of 2021.

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