The World Ahead | The Americas in 2024
The future is bright for Latin American startups
Companies are doing well around the region’s pain points
![Collage showing imagery related to startups – a delivery van, a food delivery app, a credit card, a line of cars, a conveyorbelt of boxes and a delivery motorbike](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20231118_TWAMD003.jpg)
By Sarah Birke
Startups have been a bright spot for Latin America in recent years. The number backed by venture capital more than doubled between 2020 and 2023 to over 2,500, according to LAVCA, an association for regional investors. In 2021 Latin American startups attracted around $16bn in investment, roughly as much as in the previous ten years combined.
This article appeared in the The Americas section of the print edition of The World Ahead 2024 under the headline “Latinnovation”