Mexico’s startups raised $944 million in Q2 2026, up 131% year‑over‑year and leading Latin America, while Brazil‑based firms raised $350 million, down 11% YoY.

The quarter’s three largest deals were all Mexican: Clip’s $500 million PE round, Plata’s $405 million Series C led by Bicycle Capital, and Kavak’s $300 million Series F co‑led by Andreessen Horowitz and WCM Investment Management.

Overall LatAm venture capital reached $1.36 billion in Q2 2026, with late‑stage and growth funding at $991 million, up 84% YoY; investors noted a slower pace but confidence in the region’s fundamentals.

Analysts say AI‑driven capital efficiency is helping founders achieve milestones with less money, keeping global VC interest strong despite funding levels returning to 2019‑era totals.