Latin America Tech Update – Q1 2025

Q1 2025 venture capital investment totals, geographic distribution, trends and historical comparisons for Latin American tech.

Key findings

• Latin American startups raised $1.1B of venture capital in Q1 2025, up 45% year on year.
• Brazilian startups raised $515M in Q1 2025, almost half of Latin America's $1.1B total and 94% more than in 2024.
• Fintech was Latin America's most funded industry in Q1 2025 with $655.1M, nearly four times the $171.9M that went to energy.
• Solar energy attracted $157M and climate fintech $142M, the two largest segments for Latin American VC investment in Q1 2025.
• Sao Paulo led Latin American hubs with $335M of VC investment in Q1 2025, and Santiago grew fastest, up 135% versus 2024.