Investment Boom: Brazilian Startups Raised US$3.5 Billion in 2020

Despite the turbulence, Brazilian startups managed to capture a record volume of investments throughout 2020.

RIO DE JANEIRO, BRAZIL - Last year, the country's innovation companies raised a total of US$3.5 billion - 17% more than the US$2.97 billion in 2019. The data are from a survey conducted by Distrito, a startup that monitors the sector.

In addition to the higher amount, the year also stood out for the number of rounds. There were 469 launches against 408 last year. In December alone, US$580 million were allocated in 33 investment rounds.

"Given the social and economic scenario we had in 2020, there is no doubt that we had a surprising year . . .

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