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Latin American Unicorns

17 Successful Unicorn Companies in Latin America

Latin America (LATAM) is home to 17 unicorn companies and you can find them all in this article.

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In terms of entrepreneurship and business, Latin America has evolved into one of the top emerging continents in the world.

Hundreds of startup companies have been founded in this region, many of which are enjoying incredible success.

This has resulted in 17 companies reaching unicorn status and being valued at $1 billion or more.

17 Unicorn Companies in Latin America

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C6 Bank

C6 Bank

C6 Bank is a bank with no physical branches, but all the convenience of a traditional bank.

Details of the startup:

  • Valuation:

    $2.10

    B (

    December 2020

    )

  • Country:

    Brazil

  • City:

    São Paulo

  • Started in:

    2018

  • Founders:

    Carlos Fonseca, Leandro Torres, Luiz Calicchio

  • Industries:

    Banking, Credit Cards, Financial Services

  • Number of employees:

    500-1,000

  • Funding Amount:

    $269,147,150

  • Number of funding rounds:

    2

  • Number of investors:

    No Data

here

Creditas

Creditas

Creditas is a financial technology startup that connects creditworthy individuals with proprietary technology to obtain fast, simple, and competitive financing.

Details of the startup:

  • Valuation:

    $1.75

    B (

    December 2020

    )

  • Country:

    Brazil

  • City:

    São Paulo

  • Started in:

    2012

  • Founders:

    Sergio Furio

  • Industries:

    Banking, Consumer Lending, Finance, Financial Services, FinTech, Personal Finance

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $568,950,000

  • Number of funding rounds:

    8

  • Number of investors:

    21

here

dLocal

dLocal

dLocal is a cross-border payment solution that allows merchants to process credit cards from international customers in their local currencies.

Details of the startup:

  • Valuation:

    $1.20

    B (

    September 2020

    )

  • Country:

    Uruguay

  • City:

    Montevideo

  • Started in:

    2016

  • Founders:

    Sebastian Kanovich, Sergio Fogel

  • Industries:

    E-Commerce, Financial Services, FinTech, Payments

  • Number of employees:

    250-500

  • Funding Amount:

    $357,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    9

here

EBANX

EBANX

EBANX is a financial services company that specializes in creating customized digital solutions for any retailer.

Details of the startup:

  • Valuation:

    $1.00

    B (

    October 2019

    )

  • Country:

    Brazil

  • City:

    Curitiba

  • Started in:

    2012

  • Founders:

    Alphonse Voigt, João Del Valle, Wagner Ruiz

  • Industries:

    E-Commerce, Financial Services, FinTech, Payments

  • Number of employees:

    500-1,000

  • Funding Amount:

    $30,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    2

here

Gympass

Gympass

​Gympass is a workforce wellness and corporate fitness management platform, making it easy to connect employees with the wellness tools they need.

Details of the startup:

  • Valuation:

    $1.00

    B (

    June 2019

    )

  • Country:

    Brazil

  • City:

    Brasil

  • Started in:

    2012

  • Founders:

    Cesar Carvalho, Joao Barbosa

  • Industries:

    Employee Benefits, Fitness, Human Resources, Wellness

  • Number of employees:

    500-1,000

  • Funding Amount:

    $300,000,000

  • Number of funding rounds:

    5

  • Number of investors:

    12

here

Hotmart

Hotmart

Hotmart is an online platform that provides everything you need to start a business today.

Details of the startup:

  • Valuation:

    No Data

    B (

    -

    )

  • Country:

    Brazil

  • City:

    Belo Horizonte

  • Started in:

    2011

  • Founders:

    João Pedro Resende, Mateus Bicalho

  • Industries:

    Affiliate Marketing, Digital Marketing, Digital Media, Internet, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    R$735,300,000

  • Number of funding rounds:

    5

  • Number of investors:

    7

here

iFood

iFood

IFood is the best app to order food online while you are on the go or in your home in some relaxing time. It is globally recognised and delivers foods to your doorstep!

Details of the startup:

  • Valuation:

    $1.00

    B (

    November 2018

    )

  • Country:

    Brazil

  • City:

    Campina

  • Started in:

    2011

  • Founders:

    Eduardo Baer, Felipe Ramos Fioravante, Gabriel Pinto, Guilherme Bonifacio, Michel Eberhardt, Patrick Sigrist

  • Industries:

    Delivery, E-Commerce, Food and Beverage, Food Delivery, Mobile, Restaurants

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $591,860,000

  • Number of funding rounds:

    7

  • Number of investors:

    5

here

Kavak

Kavak

KAVAK is a fast-paced marketplace that enables car dealers and private sellers to communicate directly with serious buyers.

Details of the startup:

  • Valuation:

    $4.00

    B (

    October 2020

    )

  • Country:

    Mexico

  • City:

    Mexico City

  • Started in:

    2016

  • Founders:

    Carlos Julio Garcia, Roger Laughlin

  • Industries:

    Automotive, E-Commerce, Online Portals

  • Number of employees:

    500-1,000

  • Funding Amount:

    $883,250,000

  • Number of funding rounds:

    5

  • Number of investors:

    17

here

LifeMiles

LifeMiles

LifeMiles is the new frequent flyer program from Avianca and TACA. It’s the one frequent flyer loyalty program that replaces multiple programs, so you can earn and redeem miles across the network.

Details of the startup:

  • Valuation:

    $1.15

    B (

    July 2015

    )

  • Country:

    Colombia

  • City:

    Bogotá

  • Started in:

    2011

  • Founders:

    No Data

  • Industries:

    Air Transportation, Loyalty Programs, Public Transportation

  • Number of employees:

    100-250

  • Funding Amount:

    $343,700,000

  • Number of funding rounds:

    1

  • Number of investors:

    1

here

Loft

Loft

Loft is a highly-specialized marketplace for residential real estate that brings together motivated buyers and sellers. Thousands of buyers and sellers use Loft to buy and sell homes.

Details of the startup:

  • Valuation:

    $2.20

    B (

    January 2020

    )

  • Country:

    Brazil

  • City:

    São Paulo

  • Started in:

    2018

  • Founders:

    Florian Hagenbuch, Gustavo D. Saraiva, João Vianna, Kristian Huber, Marcus Vinicius Grigoletto, Mariana Paixao, Mate Pencz

  • Industries:

    Marketplace, Property Management, Real Estate

  • Number of employees:

    500-1,000

  • Funding Amount:

    $788,000,000

  • Number of funding rounds:

    5

  • Number of investors:

    41

here

Loggi

Loggi

Loggi provides a technology platform that is used by delivery companies and their couriers. It allows the couriers to pick up deliveries, package shipments, track packages individually or in groups, communicate with each other and with customers, update delivery statuses in real time, and much more.

Details of the startup:

  • Valuation:

    $1.00

    B (

    June 2019

    )

  • Country:

    Brazil

  • City:

    São Paulo

  • Started in:

    2013

  • Founders:

    Arthur Debert, Eduardo Wexler, Fabien Mendez

  • Industries:

    Delivery, Delivery Service, Internet, Logistics, Same Day Delivery

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $507,001,000

  • Number of funding rounds:

    8

  • Number of investors:

    16

here

MadeiraMadeira

MadeiraMadeira

Madeira offers an extensive selection of fine home furnishings and accessories. They offer thousands of choices from hundreds of vendors. Check back frequently as new products are added every day.​​

Details of the startup:

  • Valuation:

    $1.00

    B (

    January 2021

    )

  • Country:

    Brazil

  • City:

    Curitiba

  • Started in:

    2009

  • Founders:

    Daniel Scandian, Marcelo Scandian, Robson Privado

  • Industries:

    E-Commerce, Furniture, Home and Garden, Home Decor, Home Improvement, Marketplace

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $338,820,267

  • Number of funding rounds:

    8

  • Number of investors:

    11

here

Movile

Movile

Movile is a Brazilian mobile commerce platform that allows enterprises to create, manage, and market their applications so they can reach a wider audience.

Details of the startup:

  • Valuation:

    $1.00

    B (

    July 2018

    )

  • Country:

    Brazil

  • City:

    Campina

  • Started in:

    1998

  • Founders:

    Andreas Blazoudakis, Eduardo Lins Henrique, Fabio Povoa, Fabricio Bloisi, Leonardo Constantino Oliveira, Leonardo Sales, Marcelo Sales, Rafael Duton

  • Industries:

    E-Commerce, Information Services, Information Technology, Mobile

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $395,000,000

  • Number of funding rounds:

    9

  • Number of investors:

    4

here

Nubank

Nubank

Nubank is digital and mobile-only bank to seamlessly manage money transfers and credit cards.

Details of the startup:

  • Valuation:

    $25.00

    B (

    March 2018

    )

  • Country:

    Brazil

  • City:

    São Paulo

  • Started in:

    2013

  • Founders:

    Adam Edward Wible, Cristina Junqueira, David Velez

  • Industries:

    Banking, Credit Cards, Financial Services, FinTech, Payments

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,507,602,392

  • Number of funding rounds:

    11

  • Number of investors:

    19

here

QuintoAndar

QuintoAndar

QuintoAndar provides a solution for landlords and renters to post properties and find ideal homes for your needs.

Details of the startup:

  • Valuation:

    $1.00

    B (

    September 2019

    )

  • Country:

    Brazil

  • City:

    São Paulo

  • Started in:

    2012

  • Founders:

    Andre Penha, Gabriel Braga

  • Industries:

    Internet, Marketplace, Property Management, Real Estate, Rental, Software

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $335,270,291

  • Number of funding rounds:

    6

  • Number of investors:

    20

here

Rappi

Rappi

Rappi is a consumer tech company that specializes in providing online delivery services that connect customers with third party vendors via a state-of-the-art delivery infrastructure.

Details of the startup:

  • Valuation:

    $3.50

    B (

    August 2018

    )

  • Country:

    Colombia

  • City:

    Bogotá

  • Started in:

    2015

  • Founders:

    Felipe Villamarin, Sebastian Mejia, Simon Borrero

  • Industries:

    Consumer Goods, E-Commerce, Food Delivery

  • Number of employees:

    5,000-10,000

  • Funding Amount:

    $1,692,005,447

  • Number of funding rounds:

    9

  • Number of investors:

    38

here

Wildlife Studios

Wildlife Studios

Wildlife Studios is a mobile gaming company that develops and publishes unique games that are fun and challenging.

Details of the startup:

  • Valuation:

    $3.00

    B (

    December 2019

    )

  • Country:

    Brazil

  • City:

    São Paulo

  • Started in:

    2011

  • Founders:

    Arthur Lazarte, Michael Mac-Vicar, Victor Lazarte

  • Industries:

    Gaming, Mobile, Video Games

  • Number of employees:

    500-1,000

  • Funding Amount:

    $180,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    13

here
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