I personally invested over early stage 15+ startups in LatAm region (Yummy and Pari )are the two biggest in my portfolio) thanks to my friend Ali Jamal’s syndicate on AngelList. They are saying LatAm is like a china 10-20 years ago. Digitization is just started. According to Financial Times, Latin American VC investments triple record to pass $15bn in 2021
Today, I came across Collaborative Fund’s post about that and they are starting to invest more in LaTam.
Here are my top highlights from the article
–The market: The region benefits from a young and growing population of 650m+ that is increasingly leaning into digital economies. Internet penetration has reached 70%+ in many countries and e-commerce is expected to continue growing at 30%+ at least until 2025
-Yes. LatAm is a place where 70% of the population earns less than minimum wage, but also a place where gig economy startups can offer carriers the opportunity to earn 2x+ the minimum wage. At least 1/3rd of the population in Latin America still lives below the poverty line, and we truly believe that high-impact entrepreneurship has the potential to change that by reshaping the financial, food, health, and education systems of the past.