Latin America Digital Report 2022

Join us as we dive deeper into the massive digital transformation that is unlocking Latin America's full potential

September 20, 2022

Highlights

Digitalization Continues

Internet penetration in Latin America has surpassed that of China and India and is approaching that of developed economies
Back to the Future

US e-commerce penetration reverted to pre-pandemic levels while Brazil stayed nearly three years ahead of trend
No Going Back

Following the shift to remote work, software developers are no longer open to working in-office
A New Funding Landscape

LatAm saw venture funding drop by more than half compared to the peak in 2021, but current levels remain higher than historic trends
Local Investors Step Up

Foreign investors, while remaining active in the region, are slowing down. Local funds are making up the difference
Cautious Optimism

Founders at every stage recognize the market downturn but remain optimistic about the future of their own companies
Modest Adjustments

Companies have responded to the current state by modestly adjusting headcount and slightly extending runway
Prize at the End of the Rainbow

Historically, companies that have raised capital in down markets IPO at higher rates
The Future is Already Here...

…It’s just not evenly distributed. Latin America has enormous growth potential when it comes to tech value creation