Technology

Brazilian startups raised $2.7 billion in venture capital investment in 2019

Data were collected by the innovation platform Distrito

QuintoAndar's headquarters, the Brazilian real state unicorn.
QuintoAndar's headquarters, the Brazilian real state unicorn. Photo: QuintoAndar/Courtesy
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  • In the Inside Venture Capital Brasil study, the company showed that the amount handled last year was 80% higher than that of 2018;
  • Over 2017, the growth was even greater, at 198%.

Brazilian startups received $2.7 billion in venture capital investments in 2019. These figures include not only contributions, but also financial transactions related to mergers and acquisitions. The data are from the innovation platform Distrito.

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In the Inside Venture Capital Brasil study, the company showed that the amount handled last year was 80% higher than that of 2018. Over 2017, the growth was even greater, at 198%.

ALSO READ: Brazil ranks third in the number of unicorns in 2019

In total, according to the study, technology-based businesses received 269 contributions last year in Brazil. Five of them led startups to unicorn status, that is, with a market value of $1 billion or more: Loggi (logistics), Gympass (fitness), QuintoAndar (real estate market), EBANX (fintech) and Wildlife Studios (games).