By Ezra Fieser
The avalanche of venture capital that has flown into Latin American technology companies at an advanced stage in recent years has run out, forcing some of the most promising startups in the region to lay off staff, replan their growth plans and resort to bank loans to obtain financing.
After a series of record years in which investors created more than two dozen companies valued at US$1 billion or more, risk capital has practically disappeared for the most consolidated startups. Financing in the advanced stage dropped by 92% in the third quarter compared to the same . . .