The latest edition of the Latin American Startup Directory includes 126 startups that raised US$1m+ in verified venture funding in 2019, and are still in operation, as tracked by LAVCA.
51 of the startups that raised US$1m+ prior to 2019 raised a follow-on round of at least US$1m (and up to US$1b) in 2019, including, notably, unicorns Gympass, Loft, Loggi, Nubank, Quinto Andar, and Rappi. An additional 75 NEW startups raised at least US$1m in VC funding in 2019. This growth is consistent with the previous year, when 75 new startups qualified for the Startup Directory based on their 2018 funding.
As venture investment has scaled, Latin America has produced a growing cohort of startups backed by the region’s tech investors and global investors alike. Using venture backing as an initial criteria, LAVCA established the Latin American Startup Directory in 2016 to identify and track these startups as they grow.