Across sectors and geographies, venture-backed Latin American startups have been targets of notable IPOs and increasing M&A activity since 2014. Below are highlighted transactions from this period*.
Included companies may have historically been a part of the Latin American Startup Directory, but because of a specific event (including an IPO or significant acquisition) have graduated to this list.
For a list of Latin American startups valued over US$1b (based on publicly disclosed valuations), access the Latin America Unicorn Leaderboard. Access updates about Latin American VC/tech on lavca.org/vc.
*This list is not comprehensive and represents highlighted examples across the major markets and sectors, 2014-1H2021.
HIGHLIGHTED STARTUPS THAT WERE LISTED (2014-1H2021)
| Company | Year of IPO | Listing Exchange | Country (HQ) | Investor(s) |
| VTEX | 2021 | NYSE: VTEX | Brazil | Tiger Global, Lone Pine Capital, SoftBank, Riverwood Capital |
| dLocal | 2021 | NASDAQ: DLO | Uruguay | Alkeon Capital, General Atlantic, BOND, D1 Capital Partners, Tiger Global, Addition |
| Stone Pagamentos | 2018 | NASDAQ: STNE | Brazil | Ant Financial (Alibaba’s investment arm), Madrone Partners (Walton family), Berkshire Hathaway, Tiger Global, Actis, Gávea Investimentos, Valor Capital, 3G Capital founders Jorge Paulo Lemann, Marcel Telles, Carlos Alberto Sicupira |
| Despegar | 2017 | NYSE: DESP | Argentina | Tiger Global Management, Accel Partners, General Atlantic, Sequoia Capital, Merrill Lynch, Insight Venture Partners, Yahoo! Inc., Telefonica |
| Globant | 2014 | NYSE: GLOB | Argentina | Riverwood Capital |
HIGHLIGHTED STARTUPS THAT WERE ACQUIRED/MERGED (2014-1H2021)
| Company | Year of Acquisition/ Merger | Acquirer | Country (HQ) | Investor(s) |
| RD Station | 2021 | TOTVS | Brazil | Redpoint eventures, Riverwood Capital, Astella Investimentos, DGF Investimentos, TPG Growth, Endeavor Catalyst |
| VivaReal/Grupo ZAP | 2020 | OLX Brazil | Brazil | monashees, KaszeK Ventures, Spark Capital, Lead Edge Capital, FJ Labs, Valiant Capital Partners |
| Antecipa | 2020 | XP | Brazil | Redpoint eventures |
| Creditoo | 2019 | Creditas | Brazil | Global Founders Capital, Canary |
| Flinto | 2019 | Grow Mobility (merger) | Mexico | Sinai Ventures, Mexamerica Ventures, Y Combinator |
| Netshoes | 2019 | Magazine Luiza | Brazil | Tiger Global Management, IFC, Sierra Capital |
| Yellow | 2019 | Grow Mobility (merger) | Brazil | monashees, GGV Capital, Grishin Robotics, Base10 Partners, Class 5 |
| 99 | 2018 | Didi Chuxing | Brazil | Qualcomm Ventures, Tiger Global Management, monashees, Riverwood Capital, Didi Chuxing, SoftBank |
| Aplazame | 2018 | Wizink | Spain/ Mexico | ALLVP |
| Ezcommerce | 2018 | LINX | Brazil | Bozano Investimentos |
| Hiper | 2018 | LINX | Brazil | Cventures |
| Linio | 2018 | Fallabella | Mexico | LIV Capital, Holtzbrinck Ventures, Access Industries, Northgate Capital, Summit Partners, Kinnevik AB, Rocket Internet |
| Navita | 2018 | undisclosed | Brazil | Intel Capital, InvestTech |
| Oppa Design | 2018 | Meu Móvel de Madeira | Brazil | Valar Ventures, monashees, KaszeK Ventures, Thrive Capital |
| Petsy | 2018 | Maskota | Mexico | ALLVP, DILA Capital, Capital Invent, Mountain Nazca |
| Properati | 2018 | OLX (merger) | Argentina | NXTP Labs, Patagonia Ventures, Neveq |
| Strider | 2018 | Syngenta | Brazil | monashees, Qualcomm Ventures, Barn Investimentos |
| AppProva | 2017 | Somos Educação | Brazil | e.Bricks Ventures |
| Easy | 2017 | Cabify (Merger) | Brazil | Rocket Internet, Tiger Global, Phenomen Ventures, Tengelmann Ventures, Africa Internet Holding |
| Axado | 2016 | Mercado Libre | Brazil | FIR Capital BZ Plan |
| Cinepapaya | 2016 | Fandango | Peru | Movile, Wayra, 500 Startups |
| LoveMondays | 2016 | GlassDoor | Brazil | KaszeK Ventures |
| Aventones | 2015 | BlaBlaCar | Mexico | ALLVP, NXTP Labs |
| Boo-box | 2015 | FTPI Digital | Brazil | monashees, Intel Capital |
| eÓtica | 2015 | Essilor | Brazil | KaszeK Ventures, e.Bricks Ventures |
| ClickDelivery | 2014 | Delivery Hero | Colombia | Axon Partners Group |
| PedidosYa | 2014 | Delivery Hero | Uruguay | KaszeK Ventures, Atomico |
| Printi | 2014 | Vista Print | Brazil | Greenoaks Capital |
| SinDelantal | 2014 | Just Eat | Mexico | Seaya Ventures |
