Bogotá — Amid the economic downturn that has impacted Latin American startups and led to a slew of layoffs, venture capital investment in the region has declined in terms of the value of capital injected, even though the number of investments has risen between the beginning of the year and May.

Venture capital operations in Latin America totaled around $4.86 billion to May, a 22% drop in value year-on-year, according to Transactional Track Record (TTR) and Datasite.

However, the number of transactions to May totals 423, a 9% increase on the same period of 2021.

Source: The Venturecation