LatAm startup funding jumps 26% in Q3 as international VCs return

Crunchbase data show Latin American startups raised $1.3 billion in Q3, up 26% year over year but down 9% from Q2. Late-stage and growth deals took $757 million, up 74%, and angel and seed reached $266 million, up 62%. Mexico raised $1.52 billion in the first three quarters, about 40.7% more than Brazil. International VCs are backing AI-native and financial infrastructure plays, investing by theme rather than geography.