Gunderson Dettmer is recognized as the #1 Venture Capital Law Firm in Latin America by PitchBook in the release of its 2022 Annual Global League Tables. According to PitchBook, Gunderson handled more venture and growth equity transactions in Latin America than any other law firm in the world in 2022. A deeper dive into the Gunderson Dettmer PitchBook profile can be found here.

The financings handled by Gunderson Dettmer in Latin America included nearly 100 companies, more than 550 investors and over $3.5 billion raised for the most promising companies in the region. This ranking demonstrates the continued market leadership of our Latin America practice and the region’s ongoing market growth. In 2022, Gunderson Dettmer opened its Latin America-based office in São Paulo, Brazil, making it the firm’s 11th global office.

“With Gunderson’s long experience in Latin America since 2005, we know how to guide companies and funds through all types of fundraising environments, and see many opportunities ahead for our clients for continued growth and expansion in the region and beyond,” said Dan Green, Co-leader of the Latin America practice.

Below are details on several noteworthy transactions in 2022 among numerous early stage and late stage transactions focused on Latin America:

• Gunderson Dettmer represented client Betterfly, a Chilean insurtech tech platform, in its $125 million Series C financing led by Glade Brook Capital.
• Gunderson Dettmer represented client Jüsto, an online supermarket delivery-only grocery store chain, in its $152 million Series B financing led by General Atlantic.
• Gunderson Dettmer represented client Solfácil, a company that provides credit lines for installing solar energy, in its $100 million Series C financing led by QED.
• Gunderson Dettmer represented client Seedz, an agtech customer engagement platform, in its $16.5 million Series A financing led by Alexia Ventures.

“Market conditions continued to be challenging through the end of 2022, but we are optimistic about the year ahead. We see venture fund clients planning to raise new capital for investment in the region, and early-stage financing activity remains steady. Moreover, in challenging environments like the current one, we believe companies benefit more from our firm’s decades of experience in the venture capital industry, including through previous downturns,” added Brian Hutchings, Co-leader of the Latin America practice.

These results reflect Gunderson Dettmer’s continued market leadership in the venture capital marketplace and reinforces previous recognition as the most active law firm in the world every year since 2014.