Tech roundup: Brazilian startups gain momentum in August

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Welcome to our Tech Roundup, where we bring you the biggest stories in technology and innovation in Brazil and Latin America. This week: The past month was the best so far for tech-based companies across Latin America.

August was the best month of the year for startups

Brazilian startups raised USD 327.2 million in venture capital rounds in August, according to innovation platform Distrito, up 78 percent from a year earlier. Sling Hub figures also show the past month as the best so far this year for tech-based companies from Latin America.

State of play. Latin American startups snagged over USD 1.2 billion in August through 79 funding rounds — 63 percent came from non-equity rounds, such as venture debt transactions and receivables securitization.

“The monthly volume raised by Latin American startups has not crossed the billion mark for a long time, 11 months to be precise,” said Sling Hub...

Fabiane Ziolla Menezes

Former editor-in-chief of LABS (Latin America Business Stories), Fabiane has more than 15 years of experience reporting on business, finance, innovation, and cities in Brazil. The latter recently took her back to the classroom and made her a Master in Urban Management from PUCPR. At TBR, she keeps an eye on economic policy, game-changing businesses, and people driving innovation in Latin America.