LAVCA conducted a Startup Founders Survey to capture how 160+ venture-backed founders are responding to a radically different macroeconomic context in the Latin American tech ecosystem, following a sustained period of significant growth, with a record USD16b in VC investment deployed in 2021, according to LAVCA Data.
Building on LACA’s annual Latin American Startup Directory, LAVCA invited 331 verified startups that raised USD1m+ in third-party capital during 2021 and 1H 2022 to respond to the survey. Founders of 168 companies across 10 countries submitted substantive responses, which are the basis for new aggregate financial and operating benchmarks, with new insights on valuation, revenue growth and workforce composition.
The survey also includes a well-balanced representation of verticals, with 65% of startup respondents operating within fintech, e-commerce, edtech, hrtech, and healthtech, representing USD14.5b in financing from the USD21.1b deployed during 2021 and H1 2022.
While the survey includes perspectives from a mix of seasoned and new entrepreneurs, 52% of respondents self-identified as first-time CEOs of a VC-backed company.