In 2023 the country reached an investment of US$ 898 million, marking a small decrease of 12% compared to the previous year. This is the most notorious reduction in the period of readjustment that the venture capital industry is experiencing worldwide, but far from the decline that most countries have experienced. Despite the decline, the figure is still five times the numbers reached in pre-pandemic, i.e. before the investment records of 2021 and 2022.
In terms of deals, there were 362 in 2023, with an average ticket investment of US$2.4 million, which represented a slight decrease compared to the US$2.6 million average ticket in 2022. At this point it is necessary to make a double click to understand why the drop in total investment did not extend to the average ticket, nor to the number of deals with the same intensity.
In 2023, a significant majority of investments were bridge rounds with a single contributor. If this is broken down, 51% of the deals were less than US$ 500 thousand, and of these 74% were less than US$ 300 thousand.
While 2023 in Latin America total investment was in line with pre-pandemic levels. The total number of deals increased by 43% compared to 2020, resulting in 2023 being the year with the third highest number of deals recorded, driven mainly by early stage investors.
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