The Brazilian startups had in October the best result in fundraising since June this year, according to data from the Inside Venture Capital of Distrito innovation platform.
The volume of investments shows signs of recovery after the sector recorded the year's lowest fundraising in September.
In October, US$376.4 million were raised in 54 rounds, representing an increase of 159% compared to the US$145.3 million raised in September in 42 rounds.
Despite the improvement, the October result was well below that recorded in the same month last year, when Subscribe to our Premium Membership Plan. Already Subscribed? Login Here