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

QuintoAndar 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)
HeadquartersSão Paulo, Sao Paulo, Brazil
Year Founded2012
FoundersAndre Penha, Gabriel Braga
Funding Amount$755.3M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusVenture Round
Top InvestorsGeneral 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)
HeadquartersSão Paulo, Sao Paulo, Brazil
Year Founded2018
FoundersCarlos Fonseca, Leandro Torres, Luiz Calicchio, Marcelo Kalim
Funding Amount$2.3B
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusCorporate Round
Top InvestorsJP 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
HeadquartersOsasco, Sao Paulo, Brazil
Year Founded2011
FoundersEduardo Baer, Felipe Ramos Fioravante, Gabriel Pinto, Guilherme Bonifacio, Michel Eberhardt, Patrick Sigrist
Funding Amount$2.1B
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries G
Top InvestorsInnova Capital, Prosus, Movile, Just Eat Take​away.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)
HeadquartersSão Paulo, Sao Paulo, Brazil
Year Founded2012
FoundersSergio Furio
Funding Amount$1.1B
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries F
Top InvestorsQED 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)
HeadquartersSão Paulo, Sao Paulo, Brazil
Year Founded2010
FoundersAlejandro Alfonso, Alejandro Vazquez, Jose Abuchaem, Martin Palombo, Santiago Sosa
Funding Amount$628.4M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries E
Top InvestorsVMG 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)
HeadquartersSão Paulo, Sao Paulo, Brazil
Year Founded2018
FoundersFlorian Hagenbuch, Kristian Huber, Mate Pencz
Funding Amount$888M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusVenture Round
Top InvestorsAdvent 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)
HeadquartersSão Paulo, Sao Paulo, Brazil
Year Founded2011
FoundersArthur Lazarte, Michael Mac-Vicar, Victor Lazarte
Funding Amount$260M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries B
Top InvestorsHuman 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
HeadquartersSão Paulo, Sao Paulo, Brazil
Year Founded2007
FoundersDiego Torres Martins, Paulo Roberto de Alencastro Junior
Funding Amount$336.9M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries D
Top InvestorsGoldman 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)
HeadquartersSão Paulo, Sao Paulo, Brazil
Year Founded2013
FoundersLuis Silva
Funding Amount$2.1B
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries C
Top InvestorsCoatue, 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)
HeadquartersCuritiba, Parana, Brazil
Year Founded2015
FoundersTiago Dalvi
Funding Amount$322.5M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries E
Top InvestorsEndeavor 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.

Unicorn StartupMain IndustryYear FoundedAmount RaisedValuation
Dock logo DockFintech2014$280M$2B
2TM logo 2TMFintech2013$250.3M$2B
Loggi logo LoggiLogistics2013$507M$2B
Neon logo NeonFintech2016$852.4M$1.38B
EBANX logo EBANXRetail2012$460M$1B
Clara logo ClaraFintech2020$492M$1B
QI Tech logo QI TechFintech2018$375M$1B
MadeiraMadeira logo MadeiraMadeiraRetail2009$338.8M$1B
Movile logo MovileRetail1998$588.2M$1B
Facily logo FacilyRetail2018$502.4M$1B
CargoX logo CargoXLogistics2013$390.1M$1B