Investment in Latin America’s Crypto Sphere in 2021 Increased by 970%

Investment inflows into crypto companies registered in Latin America grew nearly tenfold in 2021 compared to the previous year. 

Investment in Latin America's Crypto Sphere in 2021 Increased by 970%

According to a Latin American Venture Capital Association (LAVCA) report, venture capital inflows to cryptocurrency and blockchain companies in the region totaled more than $653 million in 2021, compared to $68 billion a year earlier. 

Among the services focused on the B2C segment, the largest investments received: 

  • Mercado Bitcoin — $290 million; 
  • Bitso — $250 million; 
  • Ripio — $50 million; 
  • Lemon Cash — $17.3 million.

Among the B2B segment, the biggest investments attracted the following: 

  • Liqi — $5.5 million; 
  • Gavea Marketplace — $5 million; 
  • Agrotoken — $5 million.

Another report by CB Insights estimates that on a global scale, blockchain startups will raise $25.2 billion in 2021, up 713% from a year earlier.

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