Latin America

Global VC fundraising finally came back to earth in 2022 as firms worldwide closed on funds totaling $165.9bn, down about 8% from their record haul of $179.7bn in 2021.

The San Francisco firm's third fund has surpassed its $15m target and expects to close in the first half of 2023.

A new accelerator program from CEMEX Ventures is the latest in a growing number of projects rolled out by corporate venture funds in recent years to provide established industrial players with an inside track on evolving technologies.

Quona Capital, which invests in fintech companies targeting underserved consumers and businesses mostly outside the US, has closed its third fund at $332m, beating its $250m target.

After raising $4.2m in pre-seed and seed funding, the Argentina-based biotech start-up is aiming to open a patient clinic by the end of 2023.

The fund's target is $30 million.

Oliver Henry of TheVentureCity argues that there are few locations better prepared to capitalize on the benefits of Web3 than Latin America.

With local teams in offices on almost every continent, Headline announced that it has raised a total of $954 million across three distinct early-stage funds that will invest in consumer and B2B start-ups in North America, Europe and Brazil.

Suzano Ventures has $70 million to invest in early-stage businesses focused on climate technology, bio-based products, agroforestry and sustainable packaging.