Latin America has emerged as the best growth market for start-up expansion, with 37 per cent of venture capital companies viewing the region as the most attractive outside of North America and western Europe, while only 13 per cent see China as the most compelling, according to a survey by VC firm Copec Wind Ventures.
This is a shift from the San Francisco-based firm’s 2020 survey which indicated China to be most favourable with 37 per cent, while Latin America stood at only 8 per cent.