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    Home»Fundraising»Brazilian startups raised a record $9.4 bln in 2021
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    Brazilian startups raised a record $9.4 bln in 2021

    January 13, 2022Updated:January 13, 20221 Min Read
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    Brazilian startups have raised a record $9.43 billion in funding rounds in 2021, more than doubling the figure seen in the previous year, said a report published by innovation platform Distrito on Wednesday.

    The country’s fintechs raised the highest volume of investments in 2021, reaching $3.7 billion, followed by retail startups, which got $1.3 billion in funding.

    During the year, 10 Brazilian companies got the unicorn status, reaching a valuation of more than $1 billion. Brazil now has 21 companies with that status, according to the report.

    Read more/Source: Reuters

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