LatamList – LAVCA’s 2020 review of venture investment in Latin America revealed over $4B of investment for a second year, despite the COVID-19 pandemic.
A record 488 deals were made in 2020 with the dominant focus on fintechs at 40%. E-commerce and proptech startups came closely behind, and there was notable growth in the healthtech and edtech sectors in response to the pandemic restrictions and needs.
Mexico and Chile received record amounts of total capital invested at $831M and $136M respectively. Argentina, Brazil, Colombia, and Mexico also saw new records for total early-stage investment.
Some of the most notable 2020 deals include $300M for Nubank, $255M for Creditas, and $175M for Loft.
Brazil attracted the most investment with 282 deals at $2.38B, followed by Mexico with 94 deals. Ecuador also raised a record amount at $12M.
The most active investors of 2020 were Canary, Y Combinator, Kaszek, Monashees, Magma Partners, DOMO Invest, and KPTL.
Read the full roundup here.
