Over 61% of the sellers in the LATAM Tech space were from Brazil. Mexico came in second place with 11% of deals, followed by Chile with 8%, Argentina with 6% and Colombia with 5%. Countries with smaller share of the deals included Uruguay, Panama, and Costa Rica.
As for the buyers, the companies based in Brazil accounted for 25% percent of acquisitions, followed by the US with 22 % of buyers and Canada with of 12% of buyers. The UK came in fourth place at 7%, closely followed by France with 6%, and Chile with 4%. Mexico, Norway, and Germany were tied with 3% deals each. The rest of the buyers accounted for one each in 13 different countries including Spain, Italy, India, and Portugal. Dealmaking remained highly international with 67% of transactions being cross-border.
