Latin America is home to 39 unicorn startups, with companies spanning across various industries. The on-demand delivery platform Rappi leads the pack with a $5.25B valuation, while fintech company Plata reached a $3B valuation just two years after its founding.
Fintech and retail are prominent sectors, with many companies originating from Brazil.
Below is the full list of 39 Latin American unicorn startups at this time.
Top 10 Most Valuable Latin American Unicorns
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Get the Sheet for $50Rappi operates a comprehensive on-demand delivery platform that serves as a super-app for consumers across Latin America. They connect users with local couriers to deliver a wide array of products, from restaurant food and groceries to pharmacy items, often in minutes.
| Valuation | $5.25B (Joined August 2018) |
| Headquarters | Bogotá, Distrito Especial, Colombia |
| Year Founded | 2015 |
| Founders | Felipe Villamarin, Juan Pablo Ortega, Sebastian Mejia, Simon Borrero |
| Funding Amount | $2.6B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | Quiet Capital, Plug and Play, Endeavor Catalyst, Sequoia Capital, Andreessen Horowitz |
QuintoAndar operates a leading real estate marketplace in Latin America, simplifying how people rent or buy homes. They are known for a fully digital experience that handles everything from online listings and virtual tours to secure contract signing for both landlords and tenants.
| 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 full-service digital bank that serves both individuals and businesses entirely through its mobile app. Their platform offers a complete suite of financial products, from credit cards and investment options to international and business 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 developed a leading online platform for ordering and delivering food from a wide network of restaurants. Their service simplifies the process of discovering and ordering from local eateries, making them a household name in the Brazilian food delivery market.
| 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 providing consumer loans with lower interest rates to the Brazilian market. They focus on secured lending, which allows customers to use their homes or vehicles as collateral to access better financing options.
| 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 created an e-commerce platform that helps small and medium-sized businesses set up, manage, and promote their online stores. Their technology provides merchants with integrated tools for website creation, payment processing, and marketing campaigns.
| 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 |
Plata offers a credit card and accompanying mobile app designed to expand financial access for consumers in Mexico. Their platform integrates a buy-now-pay-later service with a customized rewards program, giving users more flexible payment options.
| Valuation | $3B (Joined March 2025) |
| Headquarters | Mexico City, Distrito Federal, Mexico |
| Year Founded | 2023 |
| Founders | Danil Anisimov, Neri Tollardo |
| Funding Amount | $685M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series B |
| Top Investors | TelevisaUnivision, Fasanara Capital, Kora, Hedosophia, Spice Expeditions |
Ualá created a popular digital banking app that gives users a single place to manage their finances. Their platform provides a prepaid Mastercard and tools for making payments, sending money, and tracking spending.
| Valuation | $3B |
| Headquarters | Buenos Aires, Distrito Federal, Argentina |
| Year Founded | 2017 |
| Founders | Pierpaolo Barbieri |
| Funding Amount | $910M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | Goldman Sachs, Bessemer Venture Partners, Ribbit Capital, Endeavor Catalyst, General Catalyst |
Loft has built a comprehensive real estate marketplace for the Brazilian market, simplifying the journey of buying, selling, or renting a home. They combine property listings with integrated financial services, including mortgage origination and rent guarantees, all on one 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. Their portfolio includes some of the world's most popular competitive titles, such as 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 |
The Remaining 29 Latin American Unicorns
The ten most valuable companies represent just a part of Latin America's success story. Dozens of other startups are also growing fast, particularly in fintech and retail, having raised over $16 billion together.
Some of these companies are new, while others have been building for years. Here’s a look at the other unicorns shaping the region's startup scene.