All told, startups in Latin America raised a combined $1.3 billion across seed- and growth-stage deals in the three-month period ending Sept. 30. That was up 26% year over year but down 9% from the second quarter. Of the quarterly total, $757 million went into late-stage and growth deals, up 74% compared to the $435 million that flowed into such deals in the third quarter of 2025. However, that is down 21.3% from the $962 million in late-stage and growth rounds raised by LatAm startups in the second quarter. (Although it's worth noting that Q2 2026 represented the most raised at that stage since the second quarter of 2022.) Mexico startups have raised $1.52 billion in venture funding during the first three quarters of 2026, per Crunchbase data. Notably, that's about 40.7% more than the $1.08 billion Brazil's startups raised in the same period. This is unusual as Brazil has historically been the largest recipient of venture funding in Latin America. 'Over the past year, we have seen...
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