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global enterprise The capital outlook looks quite bleak at the moment, but fortunately, we are seeing new and encouraging signs of life in select markets.
Europe is one such market, given that the value of venture deals on the continent has continued to rise this year. New data suggests Latin America could be second.
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We should note that while some data about Latin America, obtained from Sling Hub and startup data providers focused on the Distrito region, show some positive trends, other data point in a more negative direction. We can’t say that Q3 2023 has been a great time for startups – even when looking at just a small group of countries. far from it.
But any good news deserves attention at a time when the US IPO window has closed again, venture activity is slowing, and global tensions are rising due to conflicts around the world. So this morning, we’re looking at what’s good and what’s not so good in the Latin American venture market.
Investors are slowly returning to Latin America
Latin American startups raised $2.5 billion in Q3 2023, according to data from Sling Hub and Itaú BBA. Equity funding accounted for $1.5 billion of that total — this is notable because Sling reported that total funding, including non-equity capital, declined 26% over the year by its calculations, while equity-based fundraising actually increased over the year. There was an increase of 13% compared to earlier.
