In the second quarter of 2025, Mexico emerged as the leader in terms of venture capital dollars raised in Latin America, per Crunchbase data. It marked the first time since the second quarter of 2012 that Mexico's startups brought in more venture funding than their Brazil counterparts, our data indicated. Now in the third quarter, it appears that Brazil is back on top ' and in a big way. Brazil-based startups raised $692 million in Q3, up 47% year over year and 92% quarter over quarter. Mexico-headquartered startups brought in $126 million, down 21% year over year and a 71% dip quarter over quarter. The largest raise in Brazil ' and Latin America as a whole ' was announced on Sept. 11. That was a $160 million Series D round for Sao Paulo-based Omie ' which offers cloud-based management software for SMEs '- that valued the company at $700 million. Partners Group led the financing. In general, a boom in late-stage and growth funding helped buoy the region year over year, Crunchbase...
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