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The 6 Most Valuable Unicorns in Mexico

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I'm sure you've heard the term unicorn before.

It refers to a privately held company that has achieved a $1 billion valuation.

These private companies are rare because reaching the billion-dollar mark is incredibly challenging.

Only 0.004% of all venture-backed companies achieve this distinction – but Mexico is home to 6 unicorns including some of the biggest in the world.

The 6 Unicorns in Mexico

Accelerators & Incubators List
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2,658 Accelerators & Incubators

Information about the industries, stages and countries they generally invest in.

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Complete Unicorns List
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1,016 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

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Complete Unicorns List
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1,016 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

Get the Sheet for $50

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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

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

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

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

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