Technology

Brazilian startups raised $2.7 billion in venture capital investment in 2019

Data were collected by the innovation platform Distrito

QuintoAndar's headquarters, the Brazilian real state unicorn.
QuintoAndar's headquarters, the Brazilian real state unicorn. Photo: QuintoAndar/Courtesy
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  • In the Inside Venture Capital Brasil study, the company showed that the amount handled last year was 80% higher than that of 2018;
  • Over 2017, the growth was even greater, at 198%.

Brazilian startups received $2.7 billion in venture capital investments in 2019. These figures include not only contributions, but also financial transactions related to mergers and acquisitions. The data are from the innovation platform Distrito.

ALSO READ: 2017 to 2019 – A chronology of Latin American Unicorns

In the Inside Venture Capital Brasil study, the company showed that the amount handled last year was 80% higher than that of 2018. Over 2017, the growth was even greater, at 198%.

ALSO READ: Brazil ranks third in the number of unicorns in 2019

In total, according to the study, technology-based businesses received 269 contributions last year in Brazil. Five of them led startups to unicorn status, that is, with a market value of $1 billion or more: Loggi (logistics), Gympass (fitness), QuintoAndar (real estate market), EBANX (fintech) and Wildlife Studios (games).

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