Where are VC investors still betting big?

For example, our friends at Argentinian fintech unicorn Ualá just reached a total valuation of $2.75B on the heels of their latest $300M funding round. Not bad for a company that’s less than a decade old.

Bar chart comparing the amount of funding raised by the top 15 Latin American startups, where Brazilian companies dominate the largest rounds.
Brazil & Argentina attract top funding rounds of 2024

Even more impressive is the $550M that energy startup Scala Data Centers secured following the announcement of their partnership with the government of Brazil’s southernmost state, Rio Grande do Sul.

In fact, Brazil is home to over half of the companies which pulled off the top 15 funding rounds thus far in the region. Colombia falls into a distant second.

Now, much has been made of Latin America’s relative drop in investment since the heyday of 2021 and 2022. However, this year has seen some resilience in startup funding, including about 13% growth from the slump seen this time last year.

In 2025? We’d recommend you keep your eyes peeled on Latin America’s startups—especially in the fintech and AI-adjacent worlds.