2018 was another record-breaking year for venture capital investment in Latin America, with Asian investors counting as some of the most dynamic players in the LatAm startup ecosystem.
DiDi acquired 99 for a rumoured $1B, Ant Financial invested $100M in Stone Pagamentos’ IPO, while Tencent injected $180M into Nubank and went in more recently on Ualá, for an undisclosed amount.
SoftBank being SoftBank, they chipped in for Loggi & Clip, and are considering a $230M investment in Creditas while nearing a $1B investment in Rappi. Their newly announced $5B Latin America technology fund (“Softbank Innovation Fund“) will surely up the ante and calls for serious optimism regarding 2019 VC activity in the region…
Picture credits: The Association of Private Capital Investment in Latin America (LAVCA)