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Brazilian startups raised a record $9.4 billion in 2021 -Breaking

by Mike Robinson

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© Reuters.

SAO PAULO (Reuters – Brazilian startups are expected to raise a record amount of funding in 2021. That’s more than double the number seen last year. According to Distrito, a Wednesday report.

Distrito data shows that there have been 779 rounds of funding in the past year. 46 of these were in December. This totaled $555 million.

Fintechs in the country raised $3.7 billion of investment in 2021. Retail startups received $1.3 billion.

This year, 247 startup companies were acquired or merged with another company.

Ten Brazilian unicorn companies were awarded this year with a value of over $1 billion. The report states that Brazil currently has 21 unicorn-status companies.

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