2022 was a year of many changes for the Latin American technology ecosystem. Fundraising volume slowed as the quarters progressed, and check sizes materially compressed. Many foreign investors paused or reduced investing in the region, while domestic players became more selective in their investment decisions. Founders and operators had to pivot their business strategies to align with what investors were seeking \u2013 profitability versus growth \u2013 while also having to balance the ever-changing geopolitics.
Has the music stopped, or has it just slowed? Based on our analysis, we believe the answer is neither. The predominant investment thesis has evolved from growth \/ pre-IPO investing in fintech and consumer-facing operating models to early-stage software and B2B operating models.
We remain bullish on Latin America and identify the following key takeaways to define the state of the technology landscape:<\/p>\n\n\n\n
The report features expert views from leading founders and CEOs in Latin America, including Albo, FCamara, Suma, Sof\u00eda and Tul, and investors including Endeavor Catalyst, General Atlantic, and Riverwood Capital.<\/p>\n\n\n\n
Claudio Alvarez, Partner at GP Bullhound, said:<\/strong> \u201cWe are delighted to formally initiate coverage of the technology sector in Latin America; a region where we have advised clients in the past and see many opportunities for investors in the years to come. In the last decade, the region has benefited from secular shifts in digital transformation and consumer behaviour, which has benefited verticals like fintech and digital services. As the tech ecosystem continues to evolve and software becomes more ubiquitous, we see many exciting B2B software opportunities and trends, which we highlight in the report.\u201d<\/p>\n\n\n\n Miguel Kindel\u00e1n, Executive Director at GP Bullhound, commented:<\/strong> \u201cThe Latin American tech ecosystem has reached a pivotal moment in its evolution. Having undergone one of the most rapid accelerations globally in recent years, it has now reached a state of stability, emerging as a region with exceptional talent and opportunities.\u201d<\/p>\n\n\n\n Enquiries
<\/strong>For enquiries, please contact:
Claudio Alvarez, Partner, at claudio.alvarez@gpbullhound.com<\/a>
Miguel Kindel\u00e1n, Executive Director, at miguel.kindelan@gpbullhound.com<\/a>
About GP Bullhound<\/strong>
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world\u2019s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 13 offices spanning Europe and the US. For more information, please visit www.gpbullhound.com<\/a>.<\/p>\n","protected":false},"featured_media":10820,"template":"","categories":[49,50],"sector":[],"region":[43],"class_list":["post-10819","article","type-article","status-publish","has-post-thumbnail","hentry","category-insights","category-reports","region-global"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gpbullhound.com\/wp-json\/wp\/v2\/article\/10819"}],"collection":[{"href":"https:\/\/www.gpbullhound.com\/wp-json\/wp\/v2\/article"}],"about":[{"href":"https:\/\/www.gpbullhound.com\/wp-json\/wp\/v2\/types\/article"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gpbullhound.com\/wp-json\/wp\/v2\/media\/10820"}],"wp:attachment":[{"href":"https:\/\/www.gpbullhound.com\/wp-json\/wp\/v2\/media?parent=10819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gpbullhound.com\/wp-json\/wp\/v2\/categories?post=10819"},{"taxonomy":"sector","embeddable":true,"href":"https:\/\/www.gpbullhound.com\/wp-json\/wp\/v2\/sector?post=10819"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/www.gpbullhound.com\/wp-json\/wp\/v2\/region?post=10819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}