A continued boom in late-stage and growth funding combined with a surge in seed-stage funding helped buoy venture investment in Latin America for the third quarter of 2026, Crunchbase data shows. 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 Lat Am startups in the second quarter. 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.
Several mega-raises took place in Latin America in the third quarter. Black Giant, the Chilean project company for Energy X’s Black Giant lithium project, raised $225 million in a July round at a reported $900 million valuation. Colombia’s Erco Energía, a clean energy company that builds and operates solar power systems for homes and businesses, landed a $129 million Series C in August at a reported $600 million valuation. Mexico’s Kapital, an AI-powered financial services company, raised a $125 million Series C in September at a $1.6 billion valuation. Brazil’s Decade, an AI-native wealth advisory company, landed $85 million in what Crunchbase data shows is the largest seed funding deal ever raised for a Latin American startup.
Source: Crunchbase News · Summarized by HeadlinesBriefing