Latin America’s startups raised over $1.3 billion in 81 funding rounds in January 2022. The total volume of investments surpassed the same month in 2021 by 70%, according to the Sling Hub platform’s data. Which are the funds that allocate money to tech in the region? In January, the most active investor was SoftBank, according to Sling Hub, followed by Kaszek, and Maya Capital, both leading five rounds.
Most active investors in January, according to Sling Hub:
- SoftBank - Invested in 7 startups
- Kaszek - Invested in 5 startups
- Maya - Invested in 5 startups
- Domo - Invested in 3 startups
- Canary - Invested in 3 startups
- Iporanga - Invested in 3 startups
- Endeavor - Invested in 3 startups
The average round size in Latin America was $25.4 million, 56% bigger than the 2021 average. According to Sling Hub, 76% of January’s fundraising went to Brazil and 8% to Mexico. Yet, Brazil raised 11% less than the same period in 2021. Brazil-based startups raised $581 million in 62 rounds, responding for 45% of the volume raised in the region.
Colombia’s companies raised $255 million last month, accounting for 19% of the region’s funding with only five rounds. One of them was an impressive $181 million Series B secured by the construtech Tul.
Meanwhile, the top 10 startups that received most of the funding in January were:
- Creditas - $260 million
- Tul - $181 million
- Satellogic - $150 million
- Gupy - $90 million
- Xepelin - $80 million
- Mati - $70 million
- Nexu - $50 million
- Laika - $48 million
- Fairplay - $35 million
- Rei do Pitaco -$32 million
According to Sling Hub, Latin America nearly doubled January’s 2021 amount in terms of mergers and acquisitions. The region had 25 acquisitions and five merges, and fintechs represented 20% of the startups acquired in the first month of 2022.
Also Read:
