Beyond consumer-facing web 3 apps, the report discovered that investors began backing B2B platforms in Q1 2022, including:
Gavea Marketplace ($5m), and
Similar to Africa, the fintech sector in Latin America was the leading tech sector for VC investment registering $6.1 billion invested across 258 transactions, growing almost four times as compared to 2020.
On the whole, Latin America saw an expansion (tripling) in VC investment in tech. In 2020, LAVCA registered $4.14 billion in VC investments in the midst of the coronavirus pandemic. In 2021 this figure was found to have reached $15.7 billion. In the process, 16 tech-powered enterprises reached unicorn valuation.
Sixteen startups surpassed $1B+ in disclosed valuation in 2021: Bitso, CargoX, Clara, Clip, CloudWalk, Facily, Konfio,olist, MadeiraMadeira, Merama, Mercado Bitcoin, MURAL, NotCo, Tiendanube/Nuvemshop, Ualá and unico.
Notably, four Mexico-based startups surpassed $1B in disclosed valuation in 2021 following Kavak in 2020 as well as Bitso, Clara, Clip and Konfio.
– LAVCA Report
Similar to Africa, Latin America is home to many of the world’s emerging economies with countries such as Brazil, Mexico, El Salvador, and Argentina all being leading players in the emerging crypto landscape.