2022 LAVCA Industry Data and Analysis

GPCA members should use their member login to download an accompanying Excel Data Pack containing all underlying data, including a full list of funds reaching a close and investments in 2021.

Digitalization was the dominant theme across Latin America’s private capital landscape in 2021, with technology companies driving interest across asset classes and pushing private capital investment to a new record of USD29.4b.

  • VC investment reached a record of USD15.7b, more than what the region’s startups attracted in the 10 years prior and over half of total private capital dollars invested in 2021.
  • Private capital funds are financing the region’s bet on greater connectivity and competitiveness through digital and transportation infrastructure.
  • The region’s major markets each reached new investment milestones despite socioeconomic and political headwinds.
  • A return to growth in Latin America’s major economies, coupled with low interest rates during the first half of the year, fueled M&A activity and public listings for private capital-backed companies.