Mexico City — Venture capital transactions in Latin America continue to decrease in number and amount as the end of the year nears, according to the latest monthly report from Transactional Track Record (TTR).

According to TTR, a total of 977 venture capital transactions with an aggregate amount of $7.69 billion took place to November, a 5% drop in the number of transactions and a 56% decrease in their amount year on year.

The drop in November was 2% higher than in October in terms of the amount of deals which contrasts with what happened in 2021, as several unicorns were announced in the last quarter of that year in the region.

Source: Bloomberg Línea