LAVCA’s 2023 Startup Directory & Ecosystem Insights profiles 501 startups that raised USD1m+ in venture funding across 544 transactions in 2022 and 1H 2023, during a time of global market adjustments within the venture industry.
This edition of the directory is the most comprehensive to date. With details on each company’s disclosed investors, sector and stage, headquarters and more, this year’s directory also builds on historic metrics on the increasing flow of capital to women-led startups, analysis of funding for repeat founders, and the participation of corporate investors in startup funding rounds.
The 2023 Startup Directory & Ecosystem Insights report includes:
- A list of 501 startups that raised at least USD1m in VC funding across 544 transactions in 2022-1H 2023. The list includes data on each startup’s sector, tech vertical, founders and investors, as well as financial details for each disclosed transaction.
- Updated statistics on capital deployed in women-led startups and startups led by repeat founders, as well as CVC co-investment participation.
- NEW: A list of the most active investors by stage (seed, early-stage and late-stage) and type (fund managers, CVCs and family offices).
- NEW: Analysis of VC funding by the number of distinct startups and HQ city, including new insights into the growth of emerging tech hubs.
- NEW: Analysis of co-investments and the share of portfolio overlap among 25 select Latin America-focused tech investors.
LAVCA Members can log-in to download LAVCA’s 2023 Startup Directory & Ecosystem Insights including a full list of disclosed startup investments over USD1m for 2022 and 1H 2023, with additional details including each startup’s founders, as well as a full list of women-led startups (with names and titles), repeat founders, rounds with CVC participation, and a list of most active investors by stage (seed, early-stage, late-stage) and type (fund managers, CVCs and family offices).
Non-members can purchase access to the data.
2023 Startup Directory & Ecosystem Insights Excel Data Pack:
2023 Startup Directory Key Insights:
LAVCA thanks its Tech Growth Members for their longstanding partnership and support of the annual Startup Directory.
INDEX
- Gender Diversity
- CVC Participation
- Repeat Founders
- Methodology
GENDER DIVERSITY
This year’s directory profiles 103 women-led startups that raised over USD2.3b over 122 disclosed rounds, remaining resilient at the earliest stages of investment.
Women-led startups continue to account for a fifth of all VC deals over USD1m, but their share of VC dollars decreased from 28% in 2022 to 18% in 1H 2023. The largest drop in funding has been for late-stage rounds, as overall late-stage financing remains limited.
Notable women-led startups with rounds over USD10m in 1H 2023 include Colombia’s proptech Habi (Brynne McNulty), Brazil’s fintech Asaas (Mônica Dalosto) and agtech Arado (Luiza Batista), and Mexico’s digital media platform Beek (Pamela Valdes) and fintechs Galactic Holdings (Maggie Wu) and mattilda (Ileana Gomez).
CVC PARTICIPATION
LAVCA recorded 154 corporates investing in disclosed rounds above USD1m in 2022 and 1H 2023.
CVCs decreased new equity commitments amidst ongoing corporate restructurings, with CVCs participating in 23% of deals over USD1m in 1H 2023, compared to 32% in 2022 and 29% in 2021.
Notable corporate investors and acquirers included Rapyd, Visa, Prosus Ventures, Mercado Libre, Wayra, Qualcomm Ventures, FEMSA Ventures, Salesforce Ventures and PayPal.
REPEAT FOUNDERS
In turbulent times, VCs opted to deploy more capital into experienced founders at the earliest stages of investment.
According to LAVCA Research, repeat founders raised a record 52% of seed capital in 1H 2023, breaking the previous all-time high of 46% in 2022.
LAVCA’s 2023 Startup Directory includes a detailed list of 206 startups led by at least one repeat founder during 2022-1H 2023, with comprehensive details on the operators’ previous executive experience.
METHODOLOGY
Statistics on fundraising, investments, and exits presented in this report are obtained from the LAVCA Biannual Fund Manager Survey, which has been conducted since 2008. LAVCA publishes regular industry updates every quarter.
LAVCA collects most of the transactional information directly from fund managers, and amounts have been confirmed whenever possible through information provided by the fund managers themselves.
Founders’ information referenced in the startup directory has been collected by LAVCA using a combination of primary and secondary sources.
Women-led startup: A VC-backed company with a woman CEO and/or co-founder.
Repeat founder: An operator who was previously CEO at a former company or startup.
Is your startup qualified to be on this list? Contact LAVCA’s Director of Venture Capital Carlos Ramos de la Vega and Research Director Emanuel Hernandez to inquire about inclusion in the 2024 directory.