LatAm startup funding down to lowest level in 5 years

Funding for Latin American startups hit its lowest point in January in the past five years, with no signs of improvement in February, according to the latest report by SlingHub. Latin American startups secured US$290 million in February, a 75% decline year-over-year. February recorded the lowest number of investment rounds since 2017. SlingHub listed 53 funding rounds for the month, down by 37%. Of total transactions, 28 took place in Brazil, and six each in Argentina, Chile and Mexico.