Brazil Notes: VC Investments In Brazil Reach New High
September 2020 has been the busiest month on record for VC deals in Brazil, according to Distrito.
The venture capital scene in Brazil remains busy, despite the pandemic. A total of US$ 843 million has been invested in Brazilian startups throughout September 2020 in what has been the busiest month ever for the segment, according to a survey released this Thursday (1).
In terms of invested volume, last month has seen a 65% increase in relation to September 2019, when total investments reached US$ 510 million, according to the research, carried out by Distrito Dataminer, market intelligence arm of Brazilian open innovation company Distrito. This is also a 796% increase compared with September 2018, when startups raised US$ 94 million.
Among the main deal announcements in September are a US$ 300 million round raised by fintech Neon. Another major round totaling US$ 225 million was raised by e-commerce platform Vtex, while a US$ 21.6 million round was announced by foodtech Fazenda Futuro.
Total VC investments in Brazil in 2020 have so far have reached US$ 2.2 billion, distributed across 322 rounds, according to the survey. Most of the VC investments made in Brazil this year are early- stage deals, which represent 245 of the total considered in the Distrito report.
When it comes to invested volume, 90% of the capital invested was concentrated in late-stage rounds, which concentrate US$ 2.1 billion of all the deals announced in 2020.