Bossa Invest is a venture capital firm based in São Paulo, Brazil, founded in 2011. The firm specializes in managing investment portfolios and providing asset management services across various sectors, including finance, technology, and real estate. Bossa Invest analyzes market trends to guide its investment decisions, with a particular focus on companies in the software as a service sector. Through its strategic investments, the firm aims to support the growth and development of innovative businesses.

Monashees is a pioneering venture capital firm based in São Paulo, Brazil, established in 2005. It specializes in investing in early-stage technology companies, primarily focusing on software, internet, and technology-based sectors across South America and Mexico. The firm partners with exceptional founders aiming to disrupt large markets and improve people's lives through technology. Monashees provides support from the initial stages of a startup's journey, offering expansion funds to aid growth. With a portfolio comprising over 150 companies and 300+ founders, Monashees fosters a community of innovative entrepreneurs challenging the status quo.

Valor Capital Group, established in 2011 and headquartered in New York, is an investment firm specializing in cross-border financial and investment opportunities. It operates two primary investment strategies: Growth Equity and Venture Capital. The firm invests in seed-stage, early-stage, later-stage, and growth-stage companies across various sectors, including B2B, B2C, e-commerce, fintech, and technology, in both the United States and Brazil. Valor Capital Group is a Registered Investment Adviser (RIA).

Kaszek, established in 2011, is a venture capital firm headquartered in Buenos Aires, with a presence in Sao Paulo. It invests in early-stage, technology-based companies across Latin America, providing not only capital but also strategic guidance, operational support, and networking opportunities to its portfolio. The firm is industry-agnostic, with a focus on software and healthcare devices, and invests primarily at the seed, Series A, and Series B stages.

Canary, based in Sao Paulo, Brazil, is a venture capital firm that invests in early-stage technology startups, primarily in the software sector. It focuses on partnering with the most promising founders in Latin America, providing them with funding, strategic insights, connections, and talent support. Canary typically invests between $180,000 to $300,000 in around 21 startups per fund, aiming to be the first institutional investor for companies that have the potential to shape the region's economy and beyond.

Google for Startups is an initiative launched in 2011 that focuses on supporting startups globally by providing access to Google's products, connections, and best practices. The program partners with over fifty leading startup organizations to foster entrepreneurial ecosystems in more than 135 countries. It offers various resources, including financial support and exclusive programming, to help these partners and their startups thrive. Central to this initiative are six Google for Startups Campuses located in London, Tel Aviv, Seoul, Madrid, São Paulo, and Warsaw. These Campuses serve as collaborative spaces where startup founders can access mentorship, educational resources, and networking opportunities within their local communities. Startups benefit from free workspaces, community events, and a network of like-minded entrepreneurs, all aimed at nurturing their growth and innovation across diverse sectors such as healthcare, retail, finance, and technology.

FJ Labs, established in 2015 and headquartered in New York, is a stage-agnostic investment firm focusing on marketplaces and consumer-facing startups. It invests in seed and series A rounds, with a typical investment range of $50,000 to $5,000,000. The firm's portfolio includes notable companies such as Alibaba Group, Beepi, BrightRoll, Betterment, Adore Me, and Earnest, spanning sectors like e-commerce, fintech, and ad tech.

WOW Aceleradora de Startups, founded in 2013 and based in Porto Alegre, Brazil, is an independent startup accelerator that facilitates connections between startups and investors. The organization offers an accelerated program that integrates capital, mentoring, training, and networking opportunities. With a network of 300 angel investors, WOW provides essential resources and support to emerging businesses, fostering their growth and development in a dynamic entrepreneurial environment.

DOMO.VC is a prominent venture capital firm based in São Paulo, Brazil, dedicated to investing in early-stage technology startups across a diverse range of sectors, including ad tech, ag-tech, climate tech, cybersecurity, ed-tech, fintech, health tech, and more. Established in 2016, the firm aims to support exceptional entrepreneurs and accelerate their growth in competitive markets. DOMO.VC's team is composed of experienced professionals with a strong background in entrepreneurship, investment, and advisory roles, and is backed by an Advisory Board of experts with proven success in the tech startup ecosystem. The firm has a track record of investing in well-known Brazilian startups, demonstrating its commitment to fostering innovation and contributing to the success of the next generation of entrepreneurs in Brazil.

Endeavor Catalyst, established in 2012, is a venture capital arm of Endeavor Global, a non-profit supporting entrepreneurs in developing countries. Based in New York with global offices, Catalyst invests in early to growth-stage companies across sectors such as agriculture, education, enterprise software, fintech, healthcare, and smart cities. Focusing on Latin America, the Middle East, Africa, and Southeast Asia, Catalyst targets companies with revenues between $0.5 million and $15 million, aiming to take up to a 10% stake. It co-invests in financing rounds of $5 million or more, with a portfolio comprising over 200 companies across 32 markets, including several unicorns. Catalyst's unique model aligns with Endeavor's mission, providing a platform for high-impact entrepreneurs to scale and create jobs.

SoftBank Group is a multinational telecommunications and internet corporation based in Japan. It operates through four segments: mobile communications, Sprint, fixed-line telecommunications, and internet. The company provides a wide range of services, including mobile and fixed-line voice and data transmission services, broadband services, internet advertising, e-commerce, and digital television. SoftBank Group also invests in various technologies through its venture capital arms, such as SoftBank Investment Advisers and SoftBank Vision Fund, focusing on areas like artificial intelligence, robotics, and the Internet of Things. One of its notable subsidiaries, SoftBank Robotics, designs and manufactures humanoid robots for various applications, including education, healthcare, and business.

Globo Ventures is a venture capital firm established in 2020 and headquartered in Rio de Janeiro, Brazil. The firm specializes in investments and entrepreneurship, targeting innovative startups and emerging companies. By providing financial support and strategic guidance, Globo Ventures aims to foster growth and development within the entrepreneurial ecosystem.

ONEVC, established in 2017, is a Brazil-based venture capital firm with a presence in Silicon Valley. It specializes in seed-stage investments, focusing on software companies that target large markets and demonstrate strong product-market fit. The firm aims to back transformational companies with the potential to become market leaders. ONEVC's partners bring over 50 years of combined experience, having invested in over 70 companies across Silicon Valley and Brazil. They have a diverse background and full-stack venture experience, from angel investments to underwriting technology IPOs.

Crescera Capital is an asset management firm headquartered in Rio de Janeiro, Brazil, established in 2008 through the merger of several prominent investment firms. The company specializes in private equity and venture capital, targeting investments in diverse sectors such as education, consumption, retail, services, healthcare, logistics, innovation, and technology. Crescera Capital is structured as a partnership, enabling it to attract and retain top talent across various specialties. With a strong emphasis on trust and knowledge, the firm aims to deliver consistent returns to its clients and investors through a range of financial products and strategies. The firm, supported by a team of over 70 professionals, including more than 40 partners, is committed to creating long-term value for investors and the broader society while honoring the legacy of its founding group.

Redpoint eventures, established in 2012, is a San Francisco-based early-stage venture capital firm. It is a joint venture between Redpoint Ventures and e.ventures, focusing on investing in Brazilian companies operating in technology, consumer services, and related sectors. The firm offers entrepreneurs the benefits of both local and international VC insights, company building, financing, and exit strategies.

Anjos do Brasil, established in 2011 and headquartered in São Paulo, is a non-profit organization dedicated to fostering Brazil's startup ecosystem. As an angel network, it connects early-stage entrepreneurs with angel investors, providing them with financial resources, mentorship, and expertise. The organization hosts networking events, educational programs, and collaborates with stakeholders to stimulate innovation and economic development. By facilitating investments in promising startups, Anjos do Brasil contributes to the growth of Brazil's entrepreneurial ecosystem and drives economic progress and job creation.

Caravela Capital, founded in 2019 and based in Curitiba, Brazil, is a venture capital firm that focuses on early-stage companies in Latin America. The firm believes in the potential of disruptive companies to create innovative and efficient solutions to significant challenges within the region. Caravela Capital aims to support these businesses in scaling and transforming their respective markets. To facilitate this growth, the firm has established a network of successful entrepreneurs who provide mentorship, advice, and valuable insights to its portfolio companies. Through its investments, Caravela Capital targets sectors such as healthcare, financial services, and business products and services, with a broad geographic reach across various Latin American countries.

Norte Ventures, established in 2019 and headquartered in São Paulo, Brazil, is a venture capital firm focusing on early-stage investments in Brazilian and Latin American companies. The firm co-invests in the initial rounds of startups with high growth potential, leveraging its extensive network and early access to promising founders. Norte's investors are prominent Brazilian entrepreneurs, venture capitalists, and corporate leaders, aiming to unite the country's key innovators and become a strategic partner for startups. The firm's investment portfolio spans across diverse sectors, including B2B, fintech, healthtech, IT, cybersecurity, e-commerce, edtech, and more, reflecting its commitment to supporting Brazil's entrepreneurial ecosystem.

KPTL is a venture capital firm based in São Paulo, Brazil, with an additional office in Minas Gerais. It specializes in startup, growth, and early-stage investments across a diverse range of sectors, including water and energy, health, retail, agribusiness, technology, telecommunications, and entertainment. KPTL typically invests between BRL 2 million and BRL 5 million in companies with an enterprise value ranging from BRL 15 million to BRL 150 million, and target sales values between BRL 12 million and BRL 120 million. The firm aims for minority stakes in its portfolio companies. KPTL was formed through the merger of A5 Capital Partners and Inseed Investimentos, bringing together significant expertise in the Brazilian venture capital landscape.

An early-stage venture firm that supports businesses generating accessibility, transformation and efficiency in Brazil and Latin America.

SP Ventures, established in 2007, is a São Paulo-based venture capital firm with a focus on early-stage technology companies. It manages funds such as Fundo de Inovação Paulista (FIP), launched in 2014, which invests in tech startups located in the state of São Paulo. SP Ventures targets passionate entrepreneurs with strong technical backgrounds and market-oriented attitudes, seeking proprietary technologies with high scalability potential and large target markets. The firm's investment tickets typically range from R$ 2 million to R$ 6 million per company, with a maximum of R$ 15 million including follow-ons. SP Ventures has a track record of analyzing over 1,200 companies and making 8 investments from 2007 to 2013 through its Criatec I Fund. The firm primarily invests in sectors such as Information and Communication Technologies, Agricultural Technologies, Health Technologies, New Materials, and Nanotechnologies.

International Finance Corporation (IFC), established in 1956, is a member of the World Bank Group dedicated to fostering private sector development in emerging markets. Headquartered in Washington, D.C., with global offices, IFC provides financial and advisory services to support economic activities across various sectors such as infrastructure, agriculture, manufacturing, and financial services. It invests in both direct equity and debt, as well as fund investments, with a focus on projects that promote sustainable development and inclusive growth. IFC's investment range typically spans from $1 million to $100 million, with a minority equity stake, often up to 20%. It also offers debt financing, with loan sizes up to 25% of total project costs or 50% for expansion projects. IFC's portfolio includes a mix of asset-backed securities, corporate debt securities, government obligations, equity investments, and derivative assets. It aims to exit investments through domestic stock markets, arrangements with project sponsors, or public listings within 7 to 15 years.

Distrito is a Brazilian venture capital firm and innovation platform, established in 2014, with a focus on early and seed-stage tech startups. Based in São Paulo, it hosts over 50 startups and 120 entrepreneurs across two tech campuses. Distrito provides not only financial investment but also strategic support, networking resources, and execution assistance to refine startups' strategies and business models, enhancing their success and scalability. Additionally, it offers a business transformation platform for corporations, leveraging emerging tech, data intelligence, and AI to boost productivity and performance. The platform combines software-as-a-service and professional services, providing market intelligence, data insights, and emerging technologies to drive results.

Igah Ventures, established in 2010 and headquartered in Sao Paulo, Brazil, is a venture capital firm focusing on early-stage investments. It supports promising founders in Brazil, particularly in healthcare and technology sectors, to build and scale high-growth potential companies. The firm offers comprehensive support to its portfolio, including business development, technology assistance, networking, mergers and acquisitions, senior-level team-building, and fundraising.

Astella Journey IV is a venture capital fund established in 2020 and managed by Astella Investimentos, a firm based in Sao Paulo, Brazil. The fund focuses on early-stage investments, primarily targeting companies involved in sectors such as cloud infrastructure, smart applications, internet of things, content, e-commerce, e-education, and platform software and services. Astella Investimentos specializes in providing growth capital and seeks to empower Brazilian entrepreneurs who aim to innovate and contribute to the country's development. The firm typically makes equity investments ranging from R$0.10 million to R$1.5 million, acquiring ownership stakes between 10 percent and 25 percent in its portfolio companies.

GVAngels is an angel investor network established in 2017 in São Paulo, Brazil, by former students of Fundação Getúlio Vargas. The organization focuses on investing in technology startups that address inefficiencies in large markets. Over its four years of operation, GVAngels has invested in 40 startups, providing funding ranging from R$800,000 to R$2 million. The network comprises over 300 associates who are personally interested in startup investments and contribute their expertise and experience, known as smart money, to help their investees succeed. GVAngels is deeply connected to the School of Business Administration at FGV, where many of its angel investors graduated, reflecting the institution's reputation as a leading think tank in Latin America.

QED Investors, established in 2007, is a venture capital firm headquartered in Alexandria, Virginia, with an additional office in New York City. It specializes in early-stage investments, focusing on disruptive financial services and fintech companies. QED invests in seed, early venture, and mid venture stages across the United States, Latin America, and the United Kingdom. The firm provides not only capital but also strategic support to its portfolio companies, emphasizing the role of information in their success and fostering a collaborative, hands-on approach.

Headline is a venture capital firm established in 1998 and headquartered in San Francisco, California. It operates in seven cities around the world and invests in a diverse range of sectors including fintech, e-commerce, software, digital health, developer tools, open-source, media, digital innovation, and consumer services. The firm manages Early Stage Funds across the US, Europe, Asia, and Brazil, allowing for localized investments, while its Growth Fund targets global investments from Series B and beyond. By being closely connected to local markets, Headline can identify emerging trends and promising entrepreneurs. The firm has a notable portfolio featuring companies such as Sonos, The RealReal, Creditas, and Bumble, reflecting its commitment to supporting innovative and high-potential businesses.

TM3 Capital is an asset management company based in Curitiba, Brazil, specializing in investments within the technology sector. Founded in 2011, the firm focuses on businesses that demonstrate strong growth potential and scalable hardware or software solutions. TM3 Capital employs a fundamental investment approach, targeting small-cap companies and adopting a long-bias strategy across various asset classes, including equities, derivatives, and commodities. The company's team brings extensive experience in the technology industry, which enhances their ability to identify and support promising ventures in software, hardware, and real estate.

EqSeed is an online crowdfunding platform based in Rio de Janeiro, Brazil, founded in 2013. The platform facilitates small businesses in seeking investment through straightforward online fundraising rounds. By providing a simple and effective means for financing, EqSeed also assists investors in allocating funds to startups and private companies through equity crowdfunding.

Wayra UK Limited, established in 2012 and headquartered in London, is a tech startup accelerator specializing in early venture investments. It runs industry-specific acceleration programs, providing funding and resources to innovative digital product and service startups in sectors such as healthcare, information technology, cybersecurity, smart transport, and 5G. Wayra UK invests up to €0.25 million per startup, offering direct cash investment, office space, mentorship, and access to global networks. It also operates targeted programs like Velocity Health and GCHQ Cyber Accelerator, tailored to specific industries. Wayra UK is a subsidiary of Wayra Investigación y Desarrollo, S.L.U., and is part of Telefónica's global open innovation hub, connecting entrepreneurs with the company and generating joint business opportunities.

FEA Angels is an angel network firm based in Sao Paulo, Brazil, established in 2018. The company serves as a bridge between investors and entrepreneurs, facilitating connections and supporting the growth of innovative startups. By leveraging its network, FEA Angels aims to provide resources and guidance to emerging companies while offering investors opportunities to engage with promising ventures. Through its operations, FEA Angels contributes to the development of the entrepreneurial ecosystem in Brazil.

General Atlantic, established in 1980, is a global growth equity firm headquartered in New York, with additional offices across North America, Europe, Asia, and Latin America. The firm specializes in making large minority investments in growth-stage companies, focusing on sectors such as technology, consumer, financial services, and healthcare. General Atlantic employs a collaborative approach, combining sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with exceptional management teams and build market-leading businesses worldwide.

Cedro Capital is an independent asset management firm based in Brasília, Brazil, established in 2013. The firm specializes in connecting companies and projects in the Central region of Brazil with institutional investors through alternative investment funds. With a strong focus on sectors such as information and communication technology, business technology, and healthcare technology, Cedro Capital also emphasizes investments in GOVTECHS, which are tech companies that foster innovation and digital transformation in public services. The firm is recognized as the leading asset manager in the Center-West, backed by a team of professionals with extensive experience and a proven track record in the Brazilian capital market.

Ventiur is an accelerator and incubator based in São Leopoldo, Brazil, founded in 2013. The company is dedicated to supporting resilient entrepreneurs who are motivated to transform their visions into successful businesses. Ventiur provides a robust network of investors, offering both financial resources and strategic mentorship to help startups grow. Its acceleration process focuses on fostering an entrepreneurial mindset, emphasizing execution, experimentation, and co-creation. By facilitating connections and providing guidance, Ventiur aims to empower entrepreneurs to achieve exponential growth and make a positive impact on the world.

The European Investment Bank (EIB), established in 1958, is a long-term lending institution owned by the EU Member States. Headquartered in Luxembourg, it offers a wide range of financing solutions, including project loans, loans to banks and intermediaries, venture capital funds, and equity investments. EIB also provides structured finance products, guarantees, and securitization instruments, along with advisory services for infrastructure projects, urban development, and small to medium-sized enterprises. Its portfolio is predominantly composed of loans (93.08%), with a small portion allocated to debt and fixed income, shares, and other assets. EIB's mission is to support European integration and social cohesion, primarily within the European Union and internationally.

NXTP Ventures is an early-stage venture capital firm established in 2011 and headquartered in Buenos Aires, Argentina, with additional offices in Brazil, Mexico, and Uruguay. The firm specializes in investing in startups at pre-seed, seed, and Series A stages, primarily focusing on four B2B verticals: Cloud & SaaS, FinTech, E-Commerce Enablers, and B2B Marketplaces. NXTP Ventures has a notable track record, having backed over 130 startups, including several that have achieved unicorn status. The firm actively collaborates with a network of over 400 experts to assist portfolio companies in overcoming operational challenges and scaling their businesses. With a strong presence in the Latin American market, NXTP aims to support entrepreneurs in expanding their operations beyond their home countries, thereby contributing to the growth and development of the region's startup ecosystem.

Kinea Investimentos Ltda, established in 2007, is an independent asset management firm headquartered in São Paulo, Brazil. As the private equity and alternative assets arm of Banco Itaú, it operates independently with its own investment and executive management team. Kinea invests across various asset classes, including venture capital for technology startups and enablers, private equity for companies in healthcare, education, technology, and other sectors, as well as hedge funds that span equities, public and private securities, foreign exchange, commodities, and interest rates.

Inseed is a Brazilian venture capital firm that specializes in seed and early-stage investments across various sectors. The firm operates from offices in Belo Horizonte and São Paulo. Inseed manages three significant venture capital funds, including Criatec, which has invested in 36 innovative tech companies, and FIMA, focused on early-stage cleantech companies in areas such as waste management, renewable energy, agriculture, and building materials. Criatec is currently closed to new investments and aims to enhance the value of its portfolio companies. FIMA, which began in 2013, is also closed to new investments and concentrates on increasing the value of its holdings. Additionally, Inseed manages Criatec 3, which started investing in 2016 and targets hard tech startups, remaining open for investments with a focus on seed or Series A rounds.

Urca Angels is a Brazilian angel investor network established in 2019, primarily comprised of alumni from the Instituto Militar de Engenharia (IME). Based in São Paulo, the organization focuses on early-stage startups across various sectors, including fintech, e-commerce, energy, and agtech. Urca Angels aims to identify and invest in high-potential companies with scalable products and innovative ideas, emphasizing long-term growth. The diverse team includes C-level executives, mentors, former startup founders, and professional investors who leverage their collective expertise to create value for their portfolio companies. Urca Angels is characterized by a hands-on approach, providing support in areas such as mergers and acquisitions, and facilitating connections with partners, customers, and other investors, all while maintaining a streamlined decision-making process to foster quick and effective investment outcomes.

The Goldman Sachs Group, Inc., established in 1869, is a global leader in investment banking, securities, and investment management. It operates in four primary segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The company provides a wide range of services, including financial advisory services for mergers and acquisitions, underwriting services for various securities, client execution services for fixed income, currencies, commodities, and equities, securities services, and wealth advisory services. It serves a diverse client base comprising corporations, financial institutions, governments, and high-net-worth individuals. Additionally, Goldman Sachs invests in a broad array of asset classes, including debt securities, equity securities, real estate, and private equity, demonstrating its commitment to driving growth and innovation across industries.

SoftBank Latin America Fund, established in 2019 and headquartered in Miami, Florida, is a venture capital firm focused on fostering the Internet economy in Latin America. The firm invests in companies at various stages, including seed, early, and later stages, with a particular emphasis on sectors such as fintech, e-commerce, health and wellness, and logistics, among others. By leveraging critical resources, technology, and a robust network of partners, SoftBank Latin America Fund aims to support innovative startups that can drive growth and transformation in the region. As a Registered Investment Adviser, the firm is committed to navigating the unique opportunities and challenges of the Latin American market.

Quona Capital Management Ltd. is a venture capital firm established in 2014, headquartered in Washington, D.C., with additional offices in Bengaluru, Lima, Cape Town, and Mexico City. The firm specializes in early to growth stage investments in the fintech sector, focusing on disruptive innovations that enhance financial inclusion in emerging markets, particularly in Africa, Latin America, and Asia. Quona Capital targets companies that provide a range of financial products and services, including alternative lending, remittances, insurance, and payment solutions. The firm emphasizes investments that improve access to financial services for underserved consumers and small to medium enterprises (SMEs). Its investment strategy also encompasses adjacent sectors such as agriculture, health, education, and mobility. Quona Capital typically invests between $1 million and $10 million, supporting entrepreneurs dedicated to creating innovative financial solutions.

Barn Investimentos, established in 2012 and headquartered in São Paulo, Brazil, is a venture capital firm focused on early-stage investments in Brazil and Latin America. The company specializes in seed and Series A funding, with a particular interest in startups utilizing green technologies to enhance efficiency, reduce waste, mitigate emissions, and facilitate climate adaptation in the region.

Triaxis Capital is a brazilian independent venture capital firm focused in technology-based companies with high growth potential.

BTG Pactual is a Brazilian financial services firm, established in 1983, offering a range of services including investment banking, corporate lending, sales and trading, wealth management, and asset management. Its asset management arm, founded in 1984, manages equity and fixed income portfolios, mutual funds, and hedge funds for both individual and institutional clients globally, employing a blend of fundamental and quantitative analysis. The firm also provides advisory services in mergers and acquisitions, wealth planning, loans, and financings, along with investment solutions and market analyses.

Honey Island Capital is a venture capital firm established in 2015 and headquartered in Curitiba, Brazil. Founded by the creators of EBANX, the firm specializes in investing in early-stage technology companies. Its primary focus areas include fintech, software as a service (SaaS), and business-to-business (B2B) sectors, aiming to support innovative startups in these rapidly evolving industries.

Lightrock, a venture capital firm, specializes in early-stage and growth capital investments, focusing on tech-driven businesses that address global challenges. It primarily invests in India, with a typical investment size of $0.5 million to $5 million in companies generating $0.5 million to $5 million in annual revenues. Lightrock's sectors of interest include fintech, healthcare, agriculture, education, and technology-led SME enablement platforms. It does not invest in real estate, prototypes, or business plans. Lightrock is headquartered in Bangalore, India, and operates as a subsidiary of LGT Group Foundation.

Treecorp Investimentos is a private equity investment firm established in 2010 and headquartered in São Paulo, Brazil. The firm focuses on providing growth capital to Brazilian companies, specifically targeting growth-stage enterprises. Treecorp Investimentos aims to support the development and expansion of these businesses, contributing to their success in the competitive market. Through its investments, the firm seeks to foster innovation and enhance operational capabilities within its portfolio companies.

Tiger Global Management, established in 2001 by Charles Coleman, is a global investment firm headquartered in New York. It specializes in both public and private equity investments, focusing on companies that drive growth through technological innovation. The firm's public equity strategy encompasses long/short and growth-oriented investments, while its private equity arm targets early to late-stage companies across diverse industries. Tiger Global takes a long-term view, collaborating with portfolio companies throughout their lifecycle to identify and capitalize on high-quality growth opportunities worldwide, with a particular focus on emerging markets like China, India, and Latin America.