Overview Latin America Unicorns

With a total of 45 unicorns, Latin America represents less than 4% of the global total.

Brazil leads the region with 24 unicorns, representing more than half of all startups that have achieved the status.

From 2019 to 2023, Brazilian unicorns received US$11.6 billion in investment from investors. Argentina and Mexico compete for second place in the ranking with 7 unicorns each.

In the region, Rappi, Nubank, Kavak.com, Cornershop and Creditas are the 5 startups with the highest volume acquired.

Fintech, retailtech, realestate and supplychain are the sectors with the largest number of startups with a market value of more than US$1 billion.

With 19 fintechs, the financial sector represents more than 40% of the total volume. This amount can be explained by the maturity of the sector, which concentrates the largest number of startups and investment volume in general.