Tech in Latin America: An entrepreneur’s guide to May’s startup news
At the beginning of May, the Latin America Private Equity and Venture Capital Association (LAVCA) released a report showing that venture capital investment in the region had more than doubled from 2018 to 2019, reaching a total of $4.6 billion invested into “LatAm” companies. Fast-forward from December 2019 to May 2020 and the region’s startup ecosystem momentum has, like elsewhere in the world, been significantly impacted by the outbreak of COVID-19. Last month the World Health Organization (WHO) declared Latin America the new epicenter for the virus, and Brazil, the region’s strongest startup ecosystem in terms of investment in 2019,…
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