RIO DE JANEIRO, BRAZIL - Brazilian startups continue to rack up positive results when it comes to venture capital. In August these companies raised US$772 million in investments, three times more than in the same period last year, when US$191 million was raised. The data are from the latest Inside Venture Capital report from Distrito open innovation hub.
The total amount was distributed over 56 fundraising rounds throughout the month of August.
In the year, the total received by Brazilian startups exceeds US$6.6 billion in 457 rounds in the past 8 months. Despite four months still ahead . . .
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