Brazilian startups attracted record levels of investment as the ecosystem matures with international funds rushing to seize opportunities in the Latin American country, according to research.
During the first six months of 2021, a total of $5.2 billion was invested in startups based in Brazil, according to numbers released by open innovation network Distrito. By comparison, the total invested in the whole of 2020 – which was considered to be the best year on record for the ecosystem until recently – reached $3.5 billion.
“The success stories and constant unicorn announcements in Brazil are attracting the attention of foreign investors and that feeds back into the market,” says Gustavo Gierun, co-founder at Distrito. While 64% of the deals were concentrated in early-stage rounds, with 234 such investments announced in the first half of 2021, later-stage deals represented the bulk of the invested volume in the first six months of the year. Continue reading “Venture Capital Investment In Brazil Reaches $5.2 Billion During H1 2021”