Brazil

Total VC Investment (2023): $2.5 billion.

Main Sectors: Fintech, e-commerce (Nubank: $500 million).

Growth: Brazil’s VC funding has tripled since 2018, driven by a young digital-first population and increasing financial inclusion.

Indonesia

Total VC Investment (2023): $1.5 billion.

Main Sectors: E-commerce, fintech, ride-hailing (GoTo: $400 million).

Growth: Indonesia has seen consistent VC growth of 20% annually, fueled by a rapidly urbanizing population and mobile penetration.

Nigeria

Total VC Investment (2023): $1.8 billion.

Main Sectors: Fintech, mobile money (Flutterwave: $250 million).

Growth: Nigeria’s tech sector has grown by 30% annually, making it Africa’s largest VC hub.

Vietnam

Total VC Investment (2023): $1.2 billion.

Main Sectors: Fintech, e-commerce, edtech.

Growth: Government reforms and incentives have driven 25% annual growth in VC funding since 2019.

Kenya

Total VC Investment (2023): $1 billion.

Main Sectors: Agritech, fintech (M-Pesa leading).

Growth: Kenya’s VC market has expanded by over 30% annually, earning it the nickname "Silicon Savannah."

Mexico

Total VC Investment (2023): $900 million.

Main Sectors: Fintech, logistics (Mexico City: $600 million).

Growth: Mexico’s VC funding has doubled since 2019 thanks to trade agreements and proximity to the U.S.

Egypt

Total VC Investment (2023): $800 million.

Main Sectors: E-commerce, health tech, fintech.

Growth: Egypt’s VC activity has grown by 40% annually, driven by its youthful population and strategic location.

South Africa

Total VC Investment (2023): $750 million.

Main Sectors: Fintech, renewable energy, health tech.

Growth: South Africa’s startup ecosystem has grown 15% annually, with Cape Town leading innovation.

Colombia

Total VC Investment (2023): $700 million.

Main Sectors: Fintech, agtech.

Growth: VC activity in Colombia has risen by 30% annually, supported by government incentives.

Bangladesh

Total VC Investment (2023): $650 million.

Main Sectors: E-commerce, logistics.

Growth: VC funding in Bangladesh has tripled since 2019, driven by rapid urbanization and digital adoption.