Latin America saw a recovery in technology and startup investments in 2024, with a 37% increase and a total volume of US$8.7 billion, driven by Brazil, which accounted for 57% of the value, according to data from Sling Hub in partnership with Itaú BBA.
The Latin America Venture Capital Report 2025, in turn , indicated a reduced volume of exits, totaling approximately US$1.9 billion in 2024, the lowest recent level. In 2025, the recovery scenario continues, with investors prioritizing the quality and solidity of businesses over volume, after a period of adjustments.
In Brazil, according to KPMG, the investment volume in the first half of this year reached US$1.25 billion, just over half of what was recorded in 2024.
According to TTR Data, from January to the third quarter of 2025, 2,118 transactions were recorded in the region, totaling US$78.1 billion, a 24% increase in total value compared to the same period of the previous year.
Brazil leads with 1,303 deals (+5%) and over US$37 billion in capital mobilized, although Argentina, Mexico, and Colombia also showed positive results year-to-date.
According to TTR, Brazil recorded 1,475 transactions up to October, totaling R$218.4 billion. These figures represent a 5% increase in the number of transactions compared to the same period in 2024, as well as a 2% growth in the capital mobilized.
Of the total transactions mapped, 38% have disclosed values and 84% have already been completed.
In Brazil, according to TTR and ABvcap, the main investments in the third quarter went to information technology and financial product startups, which captured more than 80% of the resources.
Among the highlights of the period are the fundraising rounds of QI Tech, worth R$350 million, with General Atlantic and Across Capital, and NG.Cash, worth R$147 million, led by NEA (New Enterprise Associates).
M&A activity and investor funding continues in November, driven by data and AI.
Brazilian consulting firm Indicium announced on November 4th its merger with British firm Mesh-AI, forming Indicium AI, a consulting firm 100% specialized in data and artificial intelligence (AI) with a global presence.
Founded in Santa Catarina in 2017, Indicium has become one of the largest data companies in Latin America and has attracted international investment for its expansion. In May 2024, the company received a Series A funding round of US$40 million from the North American fund Columbia Capital. More than a year later, in September 2025, it received a strategic investment from Databricks .
With the merger, Indicium AI will have more than 600 specialists and a presence in the Americas, Europe, and Latin America. Its clients include PepsiCo, Burger King, Bayer, Experian, National Grid, and EDF Energy.
Also from Santa Catarina, the logtech company PX Center raised R$250 million in a funding round led by Bycicle Capital, a management firm created by Bolivian executive and former SoftBank executive Marcelo Claure.
Founded in 2019 in Joinville, PX connects drivers with freight transport companies. With the funds, the company intends to invest in its operations, reduce fees charged to carriers, enter the North American market, and reach R$1 billion in revenue by 2027. This is the company’s third funding round in just over a year.
In the payment processing sector, SumUp raised R$850 million in Brazil this week through a FIDC (Investment Fund in Receivables), with the goal of anticipating payments for installment sales to customers and reducing dependence on traditional acquirers, offering more liquidity to merchants.
Founded in Berlin in 2012, the fintech company offers payment solutions and financial services for micro and small entrepreneurs, such as POS terminals, payment links, digital accounts, online stores, and loans. In 2016, it joined forces with Payleven, strengthening its presence in the Brazilian and Latin American markets.
In the field of language models, the Chilean Institute for Complex Systems Engineering (ISCI) is seeking investors for its recently launched PatagonIA , an artificial intelligence platform developed entirely in Chile in partnership with WideLabs and focused on the specific characteristics of Chilean Spanish.
The platform’s infrastructure is based on Oracle Cloud Infrastructure (OCI) and utilizes Nvidia GPUs to accelerate performance. The system includes a large-scale language model (LLM), a multimodal model optimized for character recognition, and a speech transcription model (STT) tailored to Chilean Spanish, with improvements in the identification of regional accents and expressions.
PatagonIA is geared towards sectors such as public administration, health, energy, transportation, and justice.
In Colombia, the fintech company R2 received investment from the Singaporean fund Ant Group to expand its operations. The financial details were not disclosed.
R2 provides embedded lending solutions, enabling technology companies to offer financing to SMEs and individuals. Its clients include Rappi, Uber, Justo, and Klap.
In February 2022, the fintech raised US$5.9 million in a Seed round and already had investors such as Gradient Ventures (Google ‘s AI fund), General Catalyst, Prosus, Y Combinator, Soma Capital, Femsa Ventures, and PayU. In addition to Colombia, it operates in Brazil, Mexico, and Chile.
In Argentina, the startup The Mobile-First Company, specializing in AI solutions for small teams, completed a US$12 million funding round led by Base10 Partners and Lightspeed Venture Partners, with support from investors in the AI ecosystem.
Co-founded by Frenchman Jérémy Goillot (CEO) and Argentinian Franco Pinto (CTO), the company has offices in Buenos Aires, Miami, and Paris and plans to hire more than 30 people in the coming months.
Their main product, Allo, is an AI-powered system already used by 5,000 companies worldwide, with a strong presence in the United States. Since January 2025, revenue and usage of the product have grown 50% month-over-month, according to the startup.
(The original version of this content was written in Portuguese)
