Startup investments in Brazil may generate US$29 billion in 2022

Fintechs, biotechs and companies operating in blockchain will be the year's highlights, analysts say.

RIO DE JANEIRO, BRAZIL - Despite the impacts of the pandemic, startups had an exciting last year, marked by 10 companies reaching a valuation of US$1 billion - the new unicorns - and breaking records in venture investments. Brazil registered some US$10 billion in funding.

And 2022 is heading for the same pace, according to a specialist.

Sling Hub projected that if Brazilian startups repeat the same growth posted last year, they may close this year with an invested volume of US$29.4 billion.

"Being less optimistic, we can assume that the market will grow only half of what it . . .

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