LAVCALatin America Venture Capital Association (New York, NY)
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"What we saw is the fact that Brazil is starting to become a very consolidated market," said Juan Savino, director of research at Lavca. "Investors are not only seeing Brazil, but also countries beyond Brazil."
Last year, consumer and retail companies were the most popular investment targets, accounting for 27 percent of total investments followed by energy concerns at 17 percent, according to Lavca. U.S.
LAVCA said that of the USD4.9bn committed to the region, 67% was dedicated for Brazil.