CHART: A Look at the Latin America Startup Funding Landscape in Q2 2024

Latin American startups secured $791 million in Q2 2024, a 25% increase from Q1.
Deal counts in Q2 dropped to 114, a 58% decline from the previous quarter.
The fintech sector led the recovery with the four largest deals in Q2.

Latin American startups have shown a resurgence in funding during the second quarter of 2024, marking a notable uptick in the region’s venture investment landscape.

Following a particularly weak first quarter, the region echoing the global trend, witnessed a significant uptick in funding, with startups in the South and Central America region securing a total of $791 million in seed through growth-stage financing in Q2 2024, per Crunchbase data.

CHART: A Look at the Global Funding in Q2 2024

While the second quarter witnessed a notable surge in funding activity, the overall funding in the first half of 2024 saw a 5% decline.

TechloyEmmanuel Oyedeji

This represents a 25% increase from the previous quarter and a 17% rise from the same period last year, despite a notable decline in deal counts to 114—a 58% drop quarter-over-quarter and a 21% decrease year-over-year. These gains are particularly striking given the context of a weak Q1, where funding had plummeted to multi-year lows.