RIO DE JANEIRO, BRAZIL - Investments in startups in Brazil in 2021 have once again broken records. There were US$9.4 billion injected into the Brazilian innovation market, almost 2.6 times what was raised by companies in this segment in 2020, US$3.5 billion.
The data were collected from Distrito, an innovation platform that monitors the sector.
The billion-dollar figures confirm what has been the rule in the Brazilian startup market over the past 10 years: since 2011, the only time investments fell was in 2016, a year of acute economic crisis amid the impeachment of President . . .