1、Lorem ipsumContentsTHE VIEW FROM GP BULLHOUND0405KEY TAKEAWAYS08THE ECOSYSTEM EVOLUTIONEXPERT VIEW10Allen Taylor,Endeavor Catalyst2022 IN REVIEW24SECTOR DEEP-DIVE3054DISCLAIMER12PERSPECTIVES22MARKET DEEP-DIVEEXPERT VIEW34Angel Sahagun Fernandez,Albo52METHODOLOGY&ABOUTGP BULLHOUND3EXPERT VIEW15Juan C

2、arlos Narvez,TulEXPERT VIEW19Zeev Thepris,General AtlanticEXPERT VIEW20Alex Porto,Riverwood CapitalEXPERT VIEW22Matt Cole,SumaEXPERT VIEW40Arturo Snchez Correa,SofaEXPERT VIEW44Fabio Camara,FCamaraWe are delighted to formally initiate coverage of the technology sector in LatinAmerica;a region we hav

3、e advised clients in the past and see many opportunitiesfor investors in the years to come.In the last decade,the region has benefitedfrom secular shifts in digital transformation and consumer behaviour,which hasbenefited verticals like fintech and digital services.As the tech ecosystemcontinues to

4、evolve and software becomes more ubiquitous,we see many excitingB2B software opportunities and trends,which we highlight in the report.-Claudio Alvarez,Partner,at GP BullhoundPARTNERClaudio AlvarezFROM GP BULLHOUNDMiguel KindelnEXECUTIVE DIRECTORJaime SendagortaDIRECTORHEAD OF INSIGHTSJennifer Eller

5、Gioia CerbelliVICE PRESIDENTStefano CapriroloVICE PRESIDENTMaria LazarevaASSOCIATE,INSIGHTSASSOCIATELuis RosalesANALYSTJaime AlbaThe Latin American tech ecosystem has reached a pivotal moment in itsevolution.Having undergone one of the most rapid accelerations globally inrecent years,it has now reac

6、hed a state of stability,emerging as a region withexceptional talent and opportunities.-Miguel Kindeln,Executive Director,at GP BullhoundThe viewTHE VIEW FROM GP BULLHOUNDFROM GP BULLHOUND4The state of tech is understood as two different ecosystems within one region.Brazil,seenas the largest and mos