Not way back, the concept of public know-how corporations popping out of Latin America appeared very eliminated, and Mercado Libre as soon as appeared as uncommon and legendary as a real unicorn. Nevertheless, immediately the area is dwelling to some startups which have reached billions of {dollars}.
A few of these startups, pushed within the highlight by cross -border enlargement, at the moment are recognized past their nations, with nubanks particularly going to public on the US
Nevertheless, there’s a wider group of Latin American stairs that deserve consideration; Many in Fintech, however not completely. Different necessary sectors embrace digital commerce, well being know-how, logistics, proptech and Saas.
Some unicorns of the house can presently maintain the “paper scores” from the rounds that arose in the course of the peak of 2021, however the situation nonetheless stands: they’re price figuring out, and lots of can get well alongside the market, as Latin America’s investments demonstrated resistance in 2024.
As a bunch, these unicorns additionally replicate the various Latin America’s begin facilities. Whereas Brazil and Mexico stay leaders in quantity, Unicorns have additionally come out of Argentina, Colombia, Chile and Uruguay, additional strengthening these ecosystems.
Let’s take a more in-depth take a look at the excessive unicorns of Latin America with appreciation – though older value tags usually should take care of a grain of salt.
RAPPI (2015): Rated $ 5.25 billion in July 2021
Leaving Colombia, Rappi is a requirement supply platform that turned an excellent app and expanded to many nations.
Her progress was solidarized in entrance of the Pandemia: in 2019, it raised a $ 1 billion funding from Softbank. However its $ 5.25 billion score was hooked up within the spherical of greater than $ 500 million it offered in July 2021.
Since then, Rappi has operated in a more difficult atmosphere, performing quite a few rounds of dismissal and dealing with the change of live performance financial system laws in Mexico, the place it now plans to take a position $ 110 million to extend its operations. Nevertheless, the corporate nonetheless hopes for IPO and employed a CFO to arrange for that effort after reaching Break-Madje for the primary time in late 2023.
Quintandar (2012): Rated at $ 5.1 billion in August 2021
Quintandar is a Brazilian proptech firm targeted on hire and sale of actual property. With industrial actions in six Latin American nations and a know-how middle in Europe, it made a number of purchases and grew up in a bunch with a serious variety of greater than 3,500 individuals.
In 2021, the start was busy on the entrance of the fundraising: lower than three months after saying a sequence of $ 300 million in a $ 4 billion score, Quintoandar raised $ 120 million in a $ 5.1 billion score. With $ 75 million raised up to now, its lid desk contains Kaszek, Basic Atlantic, Softbank and Tencent.
Creditas (2012): estimated at $ 4.8 billion in January 2022
Creditas is a Brazilian Fintech participant specialised in credit score, together with client credit score.
His final spherical of funding was an F sequence in January 2022 in January 2022, estimating the Brazilian lender at $ 4.8 billion, from $ 1.75 billion in December 2020.
The F sequence was led by Fideli, with participation by new and current supporters, together with Kaszek Ventures, Qed Buyers and Softbank. It was prolonged in July 2022 in the identical score, permitting Creditas to purchase Andorran Financial institution’s Brazilian license for about $ 93 million.
Nuvemshop (2011): Rated at $ 3.1 billion in August 2021
Marked like Tiendanube in Spanish-speaking markets, Nuvemshop is a Brazilian e-commerce platform created for SMEs and entrepreneurs to promote services within the Web in a nutshell, “Latin American response to Shopify”.
Her newest acknowledged score of $ 3.1 billion comes from the five hundred million {dollars}’ mega-randy score co-guided by Perception Companions and Tiger World Administration that arrange in August 2021, simply months after ACCE led by $ 90 million Sequence D.
Studios Wildlife (2011): Rated $ 3 billion in August 2020
Wildlife Studios is an organization of Brazilian cell video games.
It was based by Victor Lazarte, now additionally a Benchmark accomplice, the VC agency that led the $ 60 million sequence of Wildlife Studi in 2019 in a $ 1.3 billion score. Lower than a 12 months later, the start reached an estimation of practically $ 3 billion from his sequence B.
In a honest dialog on stage in Slush 2023, Lazarte mentioned that, looking back, elevating a variety of capital at a really excessive score so shortly was a “mistake”. In June 2023, the corporate introduced that former Amazon Hill government would substitute Lazarte as CEO. She additionally carried out a number of rounds of labor.
Loft (2018): Rated at $ 2.9 billion in April 2021
Loft is a Brazilian proptech firm supported by Large Silicon Valley names since its origin in 2018.
Loft $ 175 million sequence co-guided by A16Z and Vulcan Capital in 2020. A D1 $ 425 million sequence led by New York-based D1 Capital Companions, adopted in March 2021, and its extension in April 2021 praised the corporate at $ 2.9 billion.
The true property digital platform was not proof against the market flip. She carried out two rounds of dismissal in 2022, however denied having arrange a spherical down in November 2022. In 2023, after contemporary funds from a sovereign fund within the Center East “with an undiscovered score and one other spherical of dismissal, he claimed to have been capable of relaxation.
UNICO (2007): Rated at $ 2.6 billion in April 2022
UNICO is a begin of the Brazilian ID know-how, and one among Latin American Saas’s largest corporations.
Its score of $ 2.6 billion is more moderen than a lot on this checklist. It got here from Serie D $ 100 million the corporate arrange in April 2022. The spherical was led by Goldman Sachs, with participation by current Atlantic and Latin Latin Latin Softbank buyers.
C6 Financial institution (2018): Rated at $ 2.28 billion in December 2020
C6 Financial institution is a Brazilian digital financial institution. In contrast to some opponents, it has not expanded past Brazil, with greater than 35 million purchasers.
The C6 was rated at $ 2.28 billion in December 2020, six months earlier than JPMORGAN Chase received 40% of Neobank possession in 2021. After rising its shares to 2023, it now owns 46% of C6, which had its first 12 months helpful in 2024.
Kavak (2016): Rated at $ 2.2 billion in April 2025
With supporters together with Basic Catalyst and Softbank, Kavak is a Mexico-based e-commerce platform to purchase and promote used automobiles.
After being valued at $ 8.7 billion after a sequence spherical and doubled his score in 2021, Kavak with out his decreased estimation by $ 6.5 billion after difficulties and growth breaks. After amassing a $ 127 million capital spherical and secured two debt services $ 200m in March 2025, the corporate goals to place itself for one doable IPA inside the subsequent three to 5 years.
Bitso (2014): Rated at $ 2.2 billion in Could 2021
Bitso is a Cryptocurrency alternate of Latin America that additionally facilitates cross -border fee.
In Could 2021, it offered a $ 250 million sequence spherical that valued the corporate of $ 2.2 billion and co-guided by Tiger World and Coatue, with participation by new and current buyers, together with Kaszek and Qeda.
Cloudwalk (2013): estimated at $ 2.15 billion in November 2021
Recognized for its manufacturers Infinitepay and Jim.com, Cloudwalk is a Brazilian fee infrastructure firm (to not be confused with the Chinese language software program firm for face recognition of the identical title).
The $ 2.15 billion estimation of Cloudwalk resulted from a Coatue Coatue -led C 150 million sequence in November 2021. Since then, Cloudwalk reached its first 12 months of profit in 2023 and closed 2024 with $ 497 million.
CLIP (2012): Rated $ 2 billion in June 2024
Briefly often called Blitzpay and based by former Paypal workers, Clip is Latin American Sq., with POS gear and fintech options for companies.
Clip turned unicorn in 2021 after a $ 250 million spherical led by Softbank and Viking, and stored this standing since then. The $ 100 million spherical that raised in June 2024 confirmed its $ 2 billion score as the corporate was “on the verge of profitability,” CEO advised Bloomberg.
Loggi (2013): Rated $ 2 billion in March 2021
Loggi is a Brazil -based logistical firm recognized for its focus on the distribution of the final miles.
Its supporters embrace Monashees, Qualcomm Ventures and Softbank. His final spherical of funding was a sequence of FS $ 205 million led by Capur Capital in March 2021 with a $ 2 billion score.
Bets are nonetheless open Who can be part of the checklist And the way can the rankings be reorganized, so we’ll you should definitely maintain it up to date.
(Tagstotranslate) Latin America
