September 2020 has been the busiest month on record for VC deals in Brazil, according to Distrito.
The venture capital scene in Brazil remains busy, despite the pandemic. A total of US$ 843 million has been invested in Brazilian startups throughout September 2020 in what has been the busiest month ever for the segment, according to a survey released this Thursday (1).
In terms of invested volume, last month has seen a 65% increase in relation to September 2019, when total investments reached US$ 510 million, according to the research, carried out by Distrito Dataminer, market intelligence arm of Brazilian open innovation company Distrito. This is also a 796% increase compared with September 2018, when startups raised US$ 94 million.
Among the main deal announcements in September are a US$ 300 million round raised by fintech Neon. Another major round totaling US$ 225 million was raised by e-commerce platform Vtex, while a US$ 21.6 million round was announced by foodtech Fazenda Futuro.
Total VC investments in Brazil in 2020 have so far have reached US$ 2.2 billion, distributed across 322 rounds, according to the survey. Most of the VC investments made in Brazil this year are early- stage deals, which represent 245 of the total considered in the Distrito report.
When it comes to invested volume, 90% of the capital invested was concentrated in late-stage rounds, which concentrate US$ 2.1 billion of all the deals announced in 2020.