Corporate venture in Brazil gains steam as giants amp up startup investments

From Techcrunch


What a difference one year makes. Since showing noteworthy signs of a maturing tech ecosystem last summer, corporate venture in Latin America has begun to crescendo in just 12 months, led by Brazil.

According to LAVCA’s 2017 Latin American Startup Directory, of the 144 early-stage tech companies that received $1 million-plus in funding over at least two rounds and are still operating in Brazil, approximately one-sixth of them secured corporate venture capital (CVC) funding. While this might seem shy compared to half of the rounds in Silicon Valley, it is a significant step for the region and a clear sign that corporations are evolving fast from curiosity to actual action, with skin in the game.

Global giants that have also begun infusing more venture capital into Brazil and…

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