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Not as lengthy earlier, the idea of public expertise corporations arising from Latin America appeared inconceivable, and Mercado Libre as quickly as seemed like unusual and mythological as an actual unicorn. At present, nonetheless, the world is dwelling to quite a few start-ups which have truly gotten to billion-dollar assessments.
A number of of those start-ups, moved proper into the limelight by cross-border progress, are at present recognized previous their dwelling nations, with Nubank considerably going public in the U.S.
But, there’s a extra complete affiliate of Latin American scale-ups that ought to have curiosity; quite a few in fintech, nevertheless not particularly. Varied different important fields encompass ecommerce, well being and wellness expertise, logistics, proptech, and SaaS.
Some native unicorns may presently maintain “paper assessments” from rounds that had been elevated all through the 2021 peak, nevertheless the issue nonetheless stands: They deserve understanding, and quite a few may recoup along with {the marketplace}, as VC monetary funding in Latin America demonstrated resilience in 2024.
En masse, these unicorns moreover present Latin America’s quite a few start-up facilities. Whereas Brazil and Mexico keep leaders in numbers, unicorns have truly moreover arised from Argentina, Colombia, Chile, and Uruguay, much more enhancing these environments.
Let’s take a greater check out the main Latin American unicorns by evaluation– though the earliest worth steadily require to be taken with a grain of salt.
Rappi (2015 ): Valued at $5.25 billion in July 2021
Popping out of Colombia, Rappi is an on-demand distribution system that got here to be a super app and broadened proper into quite a few nations.
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Its improve strengthened previous to the pandemic: In 2019, it elevated a $1 billion investment from SoftBank. Nevertheless its $5.25 billion analysis was affixed to the round of more than $500 million it protected in July 2021.
Since after that, Rappi has truly run in an additional tough setting, performing quite a few rounds of layoffs and coping with altering gig economy legislation in Mexico, the place it at present intends to invest $110 million to enhance its procedures. However, the enterprise nonetheless very much hopes to IPO and hired a CFO to prepare for that enterprise after attending to break-even for the very first time in late 2023.
QuintoAndar (2012 ): Valued at $5.1 billion in August 2021
QuintoAndar is a Brazilian proptech enterprise focused on the service and sale of home realty. With industrial duties in six Latin American countries and a tech hub in Europe, it made quite a few purchases and have become a workforce with a head rely of better than 3,500 people.
In 2021, the start-up was hectic on the fundraising entrance: A lot lower than 3 months after revealing a $300 million Series E at a $4 billion valuation, QuintoAndar elevated an added $120 million at a $5.1 billion valuation. With $755 million elevated to day, its cap desk consists of Kaszek, Basic Atlantic, SoftBank, and Tencent.
Creditas (2012 ): Valued at $4.8 billion in January 2022
Creditas is a Brazilian fintech gamer concentrating on funds, consisting of non-mortgage shopper debt.
Its most present spherical of financing was a $260 million Assortment F in January 2022 valuing the Brazilian lending establishment at $4.8 billion, up from $1.75 billion in December 2020.
The Assortment F was led by Integrity, with involvement from brand-new and present backers, consisting of Kaszek Ventures, QED Traders, and SoftBank. It was extended in July 2022 at the exact same analysis, enabling Creditas to buy the Brazilian license of Andorran bank Andbank for some $93 million.
Nuvemshop (2011 ): Valued at $3.1 billion in August 2021
Branded as Tiendanube in Spanish-speaking markets, Nuvemshop is a Brazilian ecommerce system created for SMEs and enterprise house owners to market providers and merchandise online– or principally, “Latin America’s answer to Shopify.”
Its most present well-known analysis of $3.1 billion originates from the $500 million Series E mega-round co-led by Understanding Allies and Tiger International Administration that it elevated in August 2021, only a few months after its Accel-led $90 million Series D.
Wild Animals Studios (2011 ): Valued at ~$ 3 billion in August 2020
Wildlife Studios is a Brazilian cellular video gaming enterprise.
It was co-founded by Victor Lazarte, at present moreover a fundamental companion at Customary, the VC firm that led Wild animals Studios’ $60 million Series A in 2019 at a $1.3 billion analysis. A lot lower than a 12 months afterward, the start-up received to a nearly $3 billion valuation from its Assortment B spherical.
In an trustworthy dialogue onstage at Slush 2023, Lazarte said that, in retrospection, elevating means an excessive amount of sources at too costly an evaluation so fast was a “blunder.” In June 2023, the enterprise revealed that earlier Amazon exec Peter Hillside will surely replace Lazarte as CEO. It moreover carried out several rounds of layoffs.
Loft house (2018 ): Valued at $2.9 billion in April 2021
Loft is a Brazilian proptech enterprise supported by big Silicon Valley names since its genesis in 2018.
Loft house’s $175 million Assortment C was co-led by a16z and Vulcan Funding in 2020. A $425 million Assortment D led by New York-based D1 Funding Allies adhered to in March 2021, and its growth in April 2021 valued the enterprise at $2.9 billion.
The digital realty system had not been unsusceptible to {the marketplace} flip. It carried out two rounds of layoffs in 2022 nevertheless denied having raised a down round in November 2022. In 2023, after contemporary financing from a sovereign fund in the Middle East” at a hid analysis and yet another spherical of discharges, it declared to have reached break-even.
Ualá (2017 ): Valued at $2.81 billion in March 2025
Ualá is an Argentine neobank whose fintech options encompass funds, monetary investments, reimbursement cures, and credit score report innovation.
Established in 2017, it became a unicorn with its $350 million Series D in 2021. Ever since, it elevated a $300 million Assortment E at a $2.75 billion post-money valuation, adhered to by a 2nd enclose March 2025 with an additional $66 million bringing its post-money analysis to $2.81 billion.
Unico (2007 ): Valued at $2.6 billion in April 2022
Unico is a Brazilian ID expertise start-up, and amongst Latin America’s greatest SaaS corporations.
Its $2.6 billion analysis is far more present than quite a few on this guidelines. It originated from the $100 million Assortment D the enterprise elevated in April 2022. The spherical was led by Goldman Sachs, with involvement from present financiers Basic Atlantic and SoftBank Latin America Fund.
C6 Monetary Establishment (2018 ): Valued at $2.28 billion in December 2020
C6 Monetary Establishment is a Brazilian digital monetary establishment. Not like some rivals, it hasn’t broadened previous Brazil, the place it has better than 35 million prospects.
C6 was valued at $2.28 billion in December 2020, 6 months previous to JPMorgan Chase received 40% possession of the neobank in 2021. After increasing its stake in 2023, it at present has 46% of C6, which had its first-ever profitable year in 2024.
Kavak (2016 ): Valued at $2.2 billion in April 2025
With backers consisting of Basic Driver and SoftBank, Kavak is a Mexico-based ecommerce system to deal beforehand owned vehicles and vans on-line.
As soon as valued at $8.7 billion after a Assortment E spherical that elevated its analysis in 2021, Kavak noticed its analysis slashed by $6.5 billion complying with progress troubles and discharges. After elevating a $127 million fairness spherical and defending 2 $200 million monetary debt facilities in March 2025, the enterprise intends to put itself for a potential IPO throughout the following 3 to five years.
Bitso (2014 ): Valued at $2.2 billion in May 2021
Bitso is a Latin American cryptocurrency alternate that moreover helps with cross-border repayments.
In May 2021, it protected a $250 million Assortment C rounded valuing the enterprise at $2.2 billion and co-led by Tiger International and Coatue, with involvement from brand-new and current financiers, consisting of Kaszek and QED.
CloudWalk (2013 ): Valued at $2.15 billion in November 2021
Identified for its InfinitePay and Jim.com model names, CloudWalk is a Brazilian reimbursement amenities enterprise (to not be puzzled with the Chinese facial-recognition software company by the exact same title).
CloudWalk’s $2.15 billion analysis arised from a $150 million Assortment C led by Coatue in November 2021. Ever since, CloudWalk achieved its very first full 12 months of earnings in 2023 and shut 2024Â with $497 million in revenue.
Clip (2012 ): Valued at $2 billion in June 2024
Briefly known as BlitzPay and established by former PayPal employees, Clip is the Square of Latin America, with POS devices and fintech cures for providers.
Clip got here to be a unicorn in 2021 complying with a $250 million round led by SoftBank and Viking, and stored this situation ever since. The $100 million spherical it elevated in June 2024 verified its $2 billion analysis because the enterprise was “on the sting of earnings,” its Chief Govt Officer told Bloomberg.
Loggi (2013 ): Valued at ~$ 2 billion in March 2021
Loggi is a Brazil-based logistics enterprise understood for its focus on last-mile delivery.
Its backers encompass Monashees, Qualcomm Ventures, and SoftBank. Its most present financing spherical was a $205 million Series F led by CapSur Funding in March 2021 at an evaluation close to $2 billion.
Wagers are nonetheless open on who may join the list and precisely how the positions could also be reordered, so we’ll see to it to keep up it upgraded.
This story was initially launched on April 27, 2025 and will definitely be persistently up to date.
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