Fintech companies dominate the tech startup landscape in Latin America by a wide margin, accounting for 38.4% of the funding received in the first quarter of this year. What type of tech startup comes next in terms of raising venture capital?

ANSWER

Biotechnology/Agrotechnology, followed very, very closely by technology services startups. This type of technology startup continues to attract the attention of investors. In July, a group of investors led by the Brazilian bank XP closed a US$62 million investment round for the Brazilian biotechnology company SuperBac, which focuses on the use of bacteria for high-performance applications in agriculture, sanitation, oil, and consumer goods.