: Latin America is the fastest-growing region for Venture funding, and seed funding is no exception. This chart represents seed rounds, which are usually the very first investment that a startup receives, often even before they have a track record or can generate cash of their own. For that reason, seed investments are particularly risky.
Brazilian VC firms are leading this kind of funding for Latin American startups, with six of the top ten VC firms based in São Paulo. Bossanova is the “Venture Capital mais ativo da América Latina,” (the most active fund in LatAm) and, according to its website, has invested in 893 startups to date. Its investments include startups like HubLocal, Mywork, and EasyJur.
One outlier in the chart is Berlin-based Global Founders Capital. As its name suggests, it has participated in funding global heavy-hitters like Canva and Slack. Its most recent investment was just three days ago, in Health Tech startup Nilo Saúde’s Series A. Canary, another firm on the chart, participated in its pre-seed round in 2020.
Brazil’s dominance is remarkable, but it’s nice to see a Chilean firm, Magma Partners, participating in the funding. Founded in 2014, it focuses on early-stage fintech, insurance tech, and blockchain startups in Latin America. Will VC firms based in other LatAm countries appear on next year’s chart?