São Paulo is home to 18 unicorn startups, with a concentration in the fintech and real estate sectors. The list includes real estate platform QuintoAndar with a $5.1 billion valuation and digital bank C6 Bank at $5.05 billion.
High funding amounts are also common within the group. Food delivery service iFood has raised $2.1 billion, and payment network CloudWalk has secured a similar amount.
Below is the full list of 18 Sao Paulo unicorn startups at this time.
Top 10 Most Valuable Sao Paulo Unicorns
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Get the Sheet for $50QuintoAndar 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) |
| 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 offers a complete digital banking experience for individuals and businesses in Brazil. Their mobile platform integrates a wide array of financial products, from everyday banking and credit cards to investments and other specialized services.
| Valuation | $5.05B (Joined December 2020) |
| 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 runs a major online food ordering and delivery platform that connects millions of users to a wide network of restaurants. Their service simplifies the process of discovering and ordering meals through a comprehensive mobile app and logistics network.
| Valuation | $5B |
| 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 built a digital lending platform that gives consumers access to secured loans with lower interest rates. They specialize in using assets like homes and cars as collateral to make credit more affordable.
| Valuation | $5B (Joined December 2020) |
| 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 builds an e-commerce platform that gives small and medium-sized businesses the tools to set up, manage, and promote their online stores. Their technology is designed to help entrepreneurs sell and scale their businesses online.
| Valuation | $3.1B (Joined August 2021) |
| 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 |
Loft operates Brazil's leading digital marketplace for real estate, designed to simplify property transactions. The platform offers a full suite of financial services, from mortgage origination and rent guarantees to support for brokers.
| Valuation | $3B (Joined January 2020) |
| 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 creates and publishes popular mobile games played by billions of people worldwide. Their portfolio includes major hits like Tennis Clash, Zooba, and War Machines.
| Valuation | $3B (Joined December 2019) |
| 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 |
Unico IDtech develops digital identity solutions powered by facial biometrics. Their technology helps companies simplify user onboarding and secure digital processes through facial recognition.
| Valuation | $3B |
| Year Founded | 2007 |
| Founders | Diego Torres Martins, Paulo Roberto de Alencastro Junior |
| Funding Amount | $336.9M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Goldman Sachs Growth Equity, Igah Ventures, big_bets, General Atlantic, Meyer Malka |
CloudWalk operates a global payment network powered by its own proprietary blockchain. Their flagship product, InfinitePay, offers small and medium-sized businesses more accessible and transparent financial solutions.
| Valuation | $2.15B (Joined September 2021) |
| Year Founded | 2013 |
| Founders | Luis Silva |
| Funding Amount | $2.1B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Coatue, BTG Pactual, Valor Capital Group, Santander, Plug and Play |
Dock has built a full-stack fintech platform that powers card issuing and digital banking services throughout Latin America. Their technology enables any company, from startups to large enterprises, to embed financial services and launch their own custom products.
| Valuation | $2B (Joined May 2022) |
| Year Founded | 2014 |
| Founders | Diogo Frenkel, Fred Amaral |
| Funding Amount | $280M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Lightrock, Visa Ventures, Viking Global Investors, Temasek Holdings, Riverwood Capital |
The Remaining 8 Unicorns Founded in Sao Paulo
The ten most valuable companies get a lot of attention, but they are only part of the city's success. Many of the other rising unicorns are in fintech, and they have raised nearly $4 billion combined.
This next group of companies shows just how much is happening across the city. Here’s a closer look at the other unicorns helping to build São Paulo's future.