A boom in late-stage and growth funding helped buoy venture funding in Latin America for the first quarter of 2026, Crunchbase data shows. Startups in Latin America raised a combined $1.03 billion across seed- and growth-stage deals in the three-month period ending March 31. That was up 12% year over year and down 6% from the fourth quarter. Of that total, $761 million went into late-stage and growth deals, up 158% compared to the $295 million that flowed into such deals in the first quarter of 2025. It's also up 203% compared with the $251 million in late-stage and growth rounds that were raised by LatAm startups in the 2025 fourth quarter. Nearly one-third of the total amount raised in the first quarter went to one startup. Mexico City-based Kavak, an online used car marketplace, secured a $300 million Series F financing led by Andreessen Horowitz and WCM Investment Management in February. Historically, Brazil has been the powerhouse in Latin America for venture capital funding....
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