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100 Top Unicorns
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The 27 Unicorn Companies in Latin America

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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 27 companies reaching unicorn status and being valued at $1 billion or more.‍

27 Unicorn Companies in Latin America

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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:

    $8.70

    B (

    October 2020

    )

  • Country:

    Mexico

  • City:

    Lerma de Villada

  • Started in:

    2016

  • Founders:

    Carlos Julio Garcia, Roger Laughlin

  • Industries:

    Automotive, E-Commerce, E-Commerce Platforms, Online Portals

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,188.00M

  • Number of funding rounds:

    6

  • Number of investors:

    24

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:

    $5.25

    B (

    August 2018

    )

  • Country:

    Colombia

  • City:

    Bogota

  • 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:

    $2,248.01M

  • Number of funding rounds:

    11

  • Number of investors:

    44

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:

    $5.10

    B (

    September 2019

    )

  • Country:

    Brazil

  • City:

    Campinas

  • Started in:

    2012

  • Founders:

    Andre Penha, Gabriel Braga

  • Industries:

    Internet, Property Management, Real Estate, Rental, Software

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $755.74M

  • Number of funding rounds:

    8

  • Number of investors:

    28

here

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:

    $5.05

    B (

    December 2020

    )

  • Country:

    Brazil

  • City:

    Sao Paulo

  • Started in:

    2018

  • Founders:

    Carlos Fonseca, Leandro Torres, Luiz Calicchio, Marcelo Kalim

  • Industries:

    Banking, Credit Cards, Finance, Financial Services, FinTech

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $2,370.50M

  • Number of funding rounds:

    3

  • Number of investors:

    1

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:

    $4.80

    B (

    December 2020

    )

  • Country:

    Brazil

  • City:

    Sao Paulo

  • Started in:

    2012

  • Founders:

    Sergio Furio

  • Industries:

    Banking, Consumer Lending, FinTech, Personal Finance

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $867.44M

  • Number of funding rounds:

    10

  • Number of investors:

    25

here

Cloudwalk

Cloudwalk

CloudWalk Technology is a cutting-edge IP company utilizing AI and other technologies to provide the most timely and accurate facial recognition solution.

Details of the startup:

  • Valuation:

    $3.32

    B (

    October 2018

    )

  • Country:

    China

  • City:

    Guangzhou

  • Started in:

    2015

  • Founders:

    Zhou Xi

  • Industries:

    Artificial Intelligence, Facial Recognition, Information Technology, Machine Learning

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $968.86M

  • Number of funding rounds:

    7

  • Number of investors:

    20

here

Nuvemshop

Nuvemshop

Nuvemshop provides SMBs in Latin America with the tools to setup, manage, and promote their online business.

Details of the startup:

  • Valuation:

    $3.10

    B (

    August 2021

    )

  • Country:

    Brazil

  • City:

    Sao Paulo

  • Started in:

    2011

  • Founders:

    Alejandro Alfonso, Alejandro Vazquez, Jose Abuchaem, Martin Palombo, Santiago Sosa

  • Industries:

    E-Commerce, E-Commerce Platforms, Retail Technology, SaaS

  • Number of employees:

    500-1,000

  • Funding Amount:

    $628.30M

  • Number of funding rounds:

    9

  • Number of investors:

    29

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:

    Sao 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:

    $180.00M

  • Number of funding rounds:

    2

  • Number of investors:

    13

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:

    $2.90

    B (

    January 2020

    )

  • Country:

    Brazil

  • City:

    Sao 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:

    $788.00M

  • Number of funding rounds:

    7

  • Number of investors:

    43

here

Uala

Uala

Ualá is a fintech company that offers a financial ecosystem through an app, linked to a free international Mastercard card.

Details of the startup:

  • Valuation:

    $2.45

    B (

    August 2021

    )

  • Country:

    Argentina

  • City:

    Buenos Aires

  • Started in:

    2017

  • Founders:

    Pierpaolo Barbieri

  • Industries:

    Apps, Banking, Financial Services, FinTech, Personal Finance

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $608.00M

  • Number of funding rounds:

    7

  • Number of investors:

    22

here

Bitso

Bitso

Bitso is a cryptocurrency trading platform that facilitates the purchase and sale of bitcoin and other cryptocurrencies.

Details of the startup:

  • Valuation:

    $2.20

    B (

    May 2021

    )

  • Country:

    Mexico

  • City:

    Mexico City

  • Started in:

    2014

  • Founders:

    Ben Peters, Daniel Vogel, Pablo Gonzalez

  • Industries:

    Bitcoin, Cryptocurrency, Financial Exchanges, FinTech

  • Number of employees:

    250-500

  • Funding Amount:

    $314.66M

  • Number of funding rounds:

    9

  • Number of investors:

    20

here

Clip

Clip

Clip is a payment terminal that enables businesses to accept all electronic payment methods with ease.

Details of the startup:

  • Valuation:

    $2.00

    B (

    June 2021

    )

  • Country:

    Mexico

  • City:

    Mexico City

  • Started in:

    2012

  • Founders:

    Adolfo Babatz, Vilash Poovala

  • Industries:

    E-Commerce, FinTech, Mobile, Mobile Payments, Payments

  • Number of employees:

    250-500

  • Funding Amount:

    $397.36M

  • Number of funding rounds:

    10

  • Number of investors:

    16

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:

    $2.00

    B (

    June 2019

    )

  • Country:

    Brazil

  • City:

    Sao Paulo

  • Started in:

    2013

  • Founders:

    Arthur Debert, Eduardo Wexler, Fabien Mendez

  • Industries:

    Delivery Service, Internet, Logistics, Supply Chain Management

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $484.32M

  • Number of funding rounds:

    8

  • Number of investors:

    17

here

NotCo

NotCo

NotCo is a food technology company that produces plant-based meat and dairy substitutes.

Details of the startup:

  • Valuation:

    $1.50

    B (

    July 2021

    )

  • Country:

    Chile

  • City:

    Santiago

  • Started in:

    2015

  • Founders:

    Karim Pichara Baksai, Matias Muchnick, Pablo Zamora

  • Industries:

    Artificial Intelligence, Food and Beverage, Food Processing

  • Number of employees:

    250-500

  • Funding Amount:

    $395.84M

  • Number of funding rounds:

    7

  • Number of investors:

    18

here

Olist

Olist

Olist is an SMB commerce enabler ecosystem that specializes in the fields of logistics and capital.

Details of the startup:

  • Valuation:

    $1.50

    B (

    December 2021

    )

  • Country:

    Brazil

  • City:

    Curitiba

  • Started in:

    2015

  • Founders:

    Tiago Dalvi

  • Industries:

    E-Commerce, E-Commerce Platforms, Marketplace, Retail, Small and Medium Businesses

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $318.75M

  • Number of funding rounds:

    10

  • Number of investors:

    22

here

Neon

Neon

Neon is a digital bank that offers credit cards, personal loans, and investment products, among other services.

Details of the startup:

  • Valuation:

    $1.38

    B (

    February 2022

    )

  • Country:

    Brazil

  • City:

    Sao Paulo

  • Started in:

    2016

  • Founders:

    Pedro Conrade

  • Industries:

    Banking, Credit, Financial Services, FinTech

  • Number of employees:

    500-1,000

  • Funding Amount:

    $720.42M

  • Number of funding rounds:

    7

  • Number of investors:

    13

here

Konfio

Konfio

Konfio provides digital banking, payments, and software tools designed to boost growth and productivity for small and mid-size enterprises.

Details of the startup:

  • Valuation:

    $1.30

    B (

    September 2021

    )

  • Country:

    Mexico

  • City:

    Mexico City

  • Started in:

    2013

  • Founders:

    David Arana, Francisco Padilla

  • Industries:

    Finance, Financial Services, FinTech, Lending, Software

  • Number of employees:

    250-500

  • Funding Amount:

    $824.59M

  • Number of funding rounds:

    11

  • Number of investors:

    17

here

Merama

Merama

Merama is an e-commerce platform that partners with e-commerce product sellers.

Details of the startup:

  • Valuation:

    $1.20

    B (

    December 2021

    )

  • Country:

    Mexico

  • City:

    Lomas de Chapultepec

  • Started in:

    2020

  • Founders:

    Felipe Delgado, Guilherme Nosralla, Olivier Scialom, Renato Andrade, Sujay Tyle

  • Industries:

    Consumer Goods, E-Commerce, Finance, Retail

  • Number of employees:

    100-250

  • Funding Amount:

    $445.00M

  • Number of funding rounds:

    5

  • Number of investors:

    10

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:

    Bogota

  • Started in:

    2011

  • Founders:

    Matt Vincett

  • Industries:

    Air Transportation, Loyalty Programs, Public Transportation

  • Number of employees:

    250-500

  • Funding Amount:

    $343.70M

  • Number of funding rounds:

    1

  • Number of investors:

    1

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:

    $460.00M

  • Number of funding rounds:

    3

  • Number of investors:

    3

here

Betterfly

Betterfly

Betterfly is a mission-driven platform for community wellness that turns healthy behaviors into charity donations.

Details of the startup:

  • Valuation:

    $1.00

    B (

    February 2022

    )

  • Country:

    Chile

  • City:

    Santiago

  • Started in:

    2018

  • Founders:

    Cristobal della Maggiora, Eduardo della Maggiora

  • Industries:

    FinTech, Fitness, Health Care, InsurTech, Wellness

  • Number of employees:

    100-250

  • Funding Amount:

    $202.50M

  • Number of funding rounds:

    5

  • Number of investors:

    17

here

CargoX

CargoX

Cargox is a non-profit organization dedicated to disrupting the container shipping sector

Details of the startup:

  • Valuation:

    $1.00

    B (

    October 2021

    )

  • Country:

    Brazil

  • City:

    Sao Paulo

  • Started in:

    2015

  • Founders:

    Stefan Kukman

  • Industries:

    Logistics, Supply Chain Management

  • Number of employees:

    1-10

  • Funding Amount:

    $377.93M

  • Number of funding rounds:

    1

  • Number of investors:

    No Data

here

Clara

Clara

Spend management from start to finish for Latin American businesses.

Details of the startup:

  • Valuation:

    $1.00

    B (

    December 2021

    )

  • Country:

    Mexico

  • City:

    Mexico City

  • Started in:

    2020

  • Founders:

    Diego Garcia, Gerry Giacoman Colyer, Guilherme Penna

  • Industries:

    B2B, Banking, Credit Cards, Enterprise Software, Payments

  • Number of employees:

    100-250

  • Funding Amount:

    $108.50M

  • Number of funding rounds:

    6

  • Number of investors:

    43

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:

    Osasco

  • 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:

    $591.86M

  • Number of funding rounds:

    7

  • Number of investors:

    5

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:

    Parana

  • 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:

    $304.58M

  • 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:

    Sao Paulo

  • 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:

    $394.00M

  • Number of funding rounds:

    10

  • Number of investors:

    5

here

Unico

Unico

unico IDtech is a Brazilian identification technology company that offers facial biometrics and digital admission solutions.

Details of the startup:

  • Valuation:

    $1.00

    B (

    August 2021

    )

  • Country:

    Brazil

  • City:

    Sao Paulo

  • Started in:

    2007

  • Founders:

    Diego Torres Martins, Paulo Roberto de Alencastro Junior

  • Industries:

    Consulting, Identity Management, Information Technology, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $235.94M

  • Number of funding rounds:

    3

  • Number of investors:

    5

here
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