Brazil's startup ecosystem features 21 unicorn companies, with a notable concentration in the fintech and real estate industries. Real estate platform QuintoAndar holds the highest valuation at $5.1 billion, with digital C6 Bank following at $5.05 billion.
Food delivery service iFood has also achieved a $5 billion valuation, supported by $2.1 billion in funding.
Below is the full list of 21 Brazil unicorn startups at this time.
Top 10 Most Valuable Brazil Unicorns
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Get the Sheet for $50QuintoAndar developed a technology platform to streamline residential property rentals for both landlords and renters. Their system removes the need for traditional guarantors or security deposits, making the rental process significantly more accessible.
| Valuation | $5.1B (Joined September 2019) |
| Headquarters | São Paulo, Sao Paulo, Brazil |
| Year Founded | 2012 |
| Founders | Andre Penha, Gabriel Braga |
| Funding Amount | $755.3M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | General Atlantic, QED Investors, Tencent, Ribbit Capital, Social Capital |
C6 Bank built a complete digital bank that serves millions of individuals and businesses across Brazil. Through its app, customers can access a full range of financial services including credit cards, investment tools, and international accounts.
| Valuation | $5.05B (Joined December 2020) |
| Headquarters | São Paulo, Sao Paulo, Brazil |
| Year Founded | 2018 |
| Founders | Carlos Fonseca, Leandro Torres, Luiz Calicchio, Marcelo Kalim |
| Funding Amount | $2.3B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Corporate Round |
| Top Investors | JP Morgan Chase |
iFood created a dominant online platform for food ordering and delivery across Latin America. They connect customers with a wide selection of restaurants and manage the logistics to bring meals directly to them.
| Valuation | $5B |
| Headquarters | Osasco, Sao Paulo, Brazil |
| Year Founded | 2011 |
| Founders | Eduardo Baer, Felipe Ramos Fioravante, Gabriel Pinto, Guilherme Bonifacio, Michel Eberhardt, Patrick Sigrist |
| Funding Amount | $2.1B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series G |
| Top Investors | Innova Capital, Prosus, Movile, Just Eat Takeaway.com, Warehouse Investimentos |
Creditas operates a digital platform that offers secured consumer loans, using assets like homes or cars as collateral. This approach allows them to provide more accessible credit with lower interest rates than many traditional lenders.
| Valuation | $5B (Joined December 2020) |
| Headquarters | São Paulo, Sao Paulo, Brazil |
| Year Founded | 2012 |
| Founders | Sergio Furio |
| Funding Amount | $1.1B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | QED Investors, Wellington Management, Headline, International Finance Corporation, Endeavor Catalyst |
Nuvemshop builds an e-commerce platform that gives small and medium-sized businesses the tools to set up, manage, and promote their online presence. They provide a complete solution for entrepreneurs looking to launch and scale their own digital storefronts.
| Valuation | $3.1B (Joined August 2021) |
| Headquarters | São Paulo, Sao Paulo, Brazil |
| Year Founded | 2010 |
| Founders | Alejandro Alfonso, Alejandro Vazquez, Jose Abuchaem, Martin Palombo, Santiago Sosa |
| Funding Amount | $628.4M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | VMG Partners, FJ Labs, Tiger Global Management, Insight Partners, Accel |
Loft built a comprehensive real estate marketplace for the Brazilian market, simplifying the process of buying, selling, and renting properties. They are known for integrating fintech solutions like rent guarantees and mortgage origination directly into their platform.
| Valuation | $3B (Joined January 2020) |
| Headquarters | São Paulo, Sao Paulo, Brazil |
| Year Founded | 2018 |
| Founders | Florian Hagenbuch, Kristian Huber, Mate Pencz |
| Funding Amount | $888M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Advent International, Andreessen Horowitz, Canary, Endeavor Catalyst, QED Investors |
Wildlife Studios develops and publishes mobile games for a global audience of millions. They are best known for creating competitive multiplayer hits like Tennis Clash and Zooba.
| Valuation | $3B (Joined December 2019) |
| Headquarters | São Paulo, Sao Paulo, Brazil |
| Year Founded | 2011 |
| Founders | Arthur Lazarte, Michael Mac-Vicar, Victor Lazarte |
| Funding Amount | $260M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | Human Capital, Bessemer Venture Partners, Benchmark, Base Partners, Upload Ventures |
Unico IDtech develops digital identity solutions centered on facial biometrics technology. Their platform helps businesses securely verify customers, simplifying digital onboarding and preventing fraud.
| Valuation | $3B |
| Headquarters | São Paulo, Sao Paulo, Brazil |
| Year Founded | 2007 |
| Founders | Diego Torres Martins, Paulo Roberto de Alencastro Junior |
| Funding Amount | $336.9M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Goldman Sachs Growth Equity, Igah Ventures, big_bets, General Atlantic, Meyer Malka |
CloudWalk builds a proprietary payment network that runs on modern blockchain technology. Their flagship platform, InfinitePay, offers a full suite of financial services to merchants across Brazil.
| Valuation | $2.15B (Joined September 2021) |
| Headquarters | São Paulo, Sao Paulo, Brazil |
| Year Founded | 2013 |
| Founders | Luis Silva |
| Funding Amount | $2.1B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Coatue, BTG Pactual, Valor Capital Group, Santander, Plug and Play |
Olist has built an e-commerce ecosystem that gives small and medium-sized businesses the tools to sell on Brazil's largest online marketplaces. Their integrated platform provides solutions for logistics, store management, and even access to capital, helping merchants manage and grow their online sales.
| Valuation | $2B (Joined December 2021) |
| Headquarters | Curitiba, Parana, Brazil |
| Year Founded | 2015 |
| Founders | Tiago Dalvi |
| Funding Amount | $322.5M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Endeavor Catalyst, 500 Global, Goldman Sachs, Bossa Invest, Wellington Management |
The Remaining 11 Unicorns Founded in Brazil
The biggest names are just one part of the picture. Many of the other major players are in fintech and retail, having collectively raised over $5 billion to date. These companies show the depth and energy of the country's tech scene. Here’s a look at the rest of the unicorn startups shaping Brazil.