Brazilian startups attract US$484.4 million in investments in July

This month, retailtechs took the lead from fintechs, raising US$191.6 million compared to the US$174.8 million received by financial startups.

RIO DE JANEIRO, BRAZIL - After posting the best semester in history in terms of investments, Brazilian startups continue to rack up impressive numbers.

During the month of July these companies together raised over US$484 million in investments, 35% more than in the same period last year. The data are from Distrito open innovation hub's latest Inside Venture Capital report.

Although lower than the volume raised in June (US$2 billion), the US$484.4 million raised in 44 rounds throughout the month of July are not necessarily a problem for the Brazilian venture capital market.

According to Distrito . . .

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