Q3 2022 LAVCA Industry Data & Analysis
Highlights
INFRASTRUCTURE | Investment in Latin American infrastructure and natural resources through Q3 2022 was ~USD9.2b, already surpassing the 2021 full-year record of USD7.6b.
PIPES | Adjustments in valuations of publicly listed companies have provided attractive entry points for private investors. PE fund managers have deployed ~USD850m across 10 PIPEs in Q1-Q3 2022, a 74% increase in deal value compared to the same nine-month period in 2021.
VENTURE CAPITAL | A total of USD1.2b in VC was invested in Latin America in Q3 2022, as investment continued to cooldown after a blockbuster year in 2021.
- Venture debt and seed investment reached an all-time high. Venture debt totaled USD1b in Q1-Q3 2022, exceeding the annual record of USD823m in 2021. Seed investment reached USD792m in Q1-Q3 2022, exceeding the annual record of USD641m in 2021.
- Mexico continues to consolidate as a hub for startups looking to target Spanish-speaking Latin America. For the first time on record, Mexican startups attracted the most VC dollars in a given quarter.
CREDIT LINES | Late-stage startups increasingly opted for credit facilities from traditional investment banks as an alternative source of financing. These credit lines from investment banks accounted for an additional USD1.3b in financings that are not included in LAVCA’s aggregate statistics.
LAVCA’s Industry Data & Analysis is available on a quarterly basis as a benefit for LAVCA members. LAVCA’s Q3 2022 Industry Data & Analysis includes additional insights on:
- 748 LAVCA-disclosed and verified private capital transactions across Latin America
- 45 Latin America-dedicated funds with closes in 2023
- 645 LAVCA-disclosed and verified VC transactions across Latin America with analysis of activity by stage and sector
LAVCA members can log in to download the Q3 2022 LAVCA Industry Data & Analysis Excel file.
Non-members can purchase access to the data.
