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Latin America ranked among the slowest regions for VC funding last year. So far, 2024 isn’t shaping up to be much better. But despite the challenging market environment, some companies managed to secure capital in the middle of the downturn. How did they weather the storm? Great conversation on @websummit Rio Centre Stage with: 💬 Gerry Giacomán Colyer, Co-founder & CEO, Clara: “We’ll have more fundraising to announce later this year. You always want to rais out of opportunity and never out of necessity. We are fundraising because we share a dream with someone.” 💬 Gaston Irigoyen, Co-founder & CEO, Pomelo: “2023 was a very solid year for us, we grew our business 3 times and our payments volume 7 times. 💬 Bedy Yang, Managing Partner, 500 Global: “We invested in 250 companies last year instead of 300. In 2024, from an investor perspective, the winter is over.” Takeaways: 💡 Psychology shift: Founders’ mindset previously focused on hyper growth, now the priority is on stable growth 💡 Resilience of founders is crucial, they need to tap alternative sources of funding 💡 In Q1, VC firms raised $30.4 billion globally from foundations, university endowments and other institutional investors, a drop from 2023 🎦 Watch to the end to find out if they are currently fundraising! #WebSummitRio #WebSummit #LatinAmerica #VC #investment #technology #business #martinastravels