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Latin Times
Latin Times
World

How Latin American Startups Are Shifting Gears Amid a Sustained Decrease in VC Funding

Representational image (Credit: Unsplash.com/Dylan Nolte)

The two years that followed the peak of the COVID-19 pandemic (2020 and 2021) were some of the best in technology startup history. At a global level, startups raised $643 billion in 2021 compared to $335 billion in 2020, according to data from Crunchbase.

Latin America was no exception. In 2021, investment in Latin American startups grew 300% year-over-year, reaching $19.6 billion.

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