WHAT ARE THE MOST PROMISING STARTUPS OF 2024 IN LATAM?

Fernanda Bezerril
Mar 15, 2024
1 min read

Distrito, the largest innovation platform in Latin America, announced the 100 most promising startups of the year, considering criteria such as maturity level - considering total amounts already raised, assumed revenue, number of employees and their growth - growth potential, macroeconomic factors, sectoral indicators and public qualitative data.

Image with the title “Race of the Unicorns 2024” and font attributed to the District. The background shows a stylized unicorn in blue-green with particles, pointing its horn towards a constellation of promising startups in Latin America. On the left, country flags indicate the origin of the startups: Argentina, Mexico, Colombia, Chile and Brazil. The startups listed are: Argentina: Karvi Mexico: Pomelo, Jüsto, Klar, 99minutos.com Colombia: Frubana, Tul Chile: Xepelin Brazil: Origo, Mottu, crmBonus, Stark Bank, QI Tech, Tractian, Petlove, Solfácil, Buser, CERC, Omie, Blip The visual simulates a race on curved tracks, all converging at the top right of the image, as if the startups were heading for “unicorn status” (valuation over 1 billion dollars). The image has a dark background with technological and graphic elements.

From this list, 20 startups are leading the race to reach a billion-dollar market value in 2024. Brazil is the leader in the region with 12 startups - TRACTIAN, Órigo Energia, Mottu, CRMBonus, STARK BANK, QITECH, Blip, Petlove, Solfácil, Buser Brasil, CERC e Omie - followed by Mexico with 3, while Argentina and Colombia have 2 each, and Chile contributes 1.

Of these aspirants, the oldest are the Brazilians PetLove and Blip, both founded in 1999 and the youngest is the Argentinian Pomelo, born in 2021. This shows that, especially after the tech crisis, the startups most favorable to acquiring the title of unicorn need time to achieve status.

The main sectors on this list are Fintech (7), Mobility (3), Foodtech, Energytech and Martech - both with 2 each.

By DealMaker Insights | DealMaker