Startup investment in 2020 was $3.8 bn

From 2011 to now, the number of startups has grown by an average of 100% per year and reached the 13,500 companies, according to the Brazilian Startups Association (Abstartups). Last year, the sector received R$ 19.7 billion ($3.8 bn) in investments, according to data from Abstartups. With the drop in the Selic rate, investors had to seek new ways to remunerate their capital, and venture capital funds – which invest in startups – became an option.

Source: UOL Economia