In 2021, no expense was spared in the Latin American startup ecosystem. It was a record-breaking year for venture capital (VC) investment, with more than US$15 billion, the equivalent of the cumulative capital invested in 10 years in this sector. This was revealed in the recently released study Ecosystem of Venture Capital and Growth Equity in Latin America by Endeavor and Glisco Partners.
Vincent Speranza, general director of Endeavor Mexico, told Contxto that the boom is explained by LatAm being a region with a lot of market to conquer with many problems to solve. Also, it would be the result of the fact that there is entrepreneurial talent, sophisticated and experienced, with people who have been in the ecosystem for more than a decade, with more than one venture.