Tech unicorns 🦄 are privately held, venture-backed tech companies with post-money valuations of US$1b+ based on their last disclosed valuation event.
Tech unicorns are a growing phenomenon in Latin America, as the size of an investment round that would normally generate a unicorn valuation has become available in a markedly increased capacity since 2017.
This leaderboard is current as of July 2021 and is based on information reported by secondary sources, linked to where possible. The list does not include VC-backed companies that have listed on public exchanges (like VTEX), or tech-enabled companies that have solely received private equity financing (like Hotmart). LAVCA also maintains a list of highlighted, venture-backed startups that have been acquired or listed, including dLocal, RD, Stone Pagamentos, Viva Real, VTEX and others.
🦄 VC-Backed Tech Unicorns (Over US$1b):
🇲🇽 Konfio (fintech)
US$1.3b last disclosed valuation (2021).
US$110m last round in 2021.
🇲🇽 Kavak (marketplace)
US$8.7b last disclosed valuation (2021).
US$700m last round in 2021.
🇦🇷 Ualá (fintech)
US$2.45b last disclosed valuation (2021).
US$350m last disclosed round in 2021.
🇦🇷 Tiendanube/Nuvemshop (e-commerce)
US$3.1b last disclosed valuation (2021).
US$500m last disclosed round in 2021.
🇧🇷 unico (cybersecurity)
US$1+ last disclosed valuation (2021).
~USD125m last disclosed round in 2020.
🇧🇷 Movile (e-commerce)
Valuation undisclosed.
US$194m last disclosed round in 2021.
🇦🇷 MURAL (enterprise solution)
US$2b last disclosed valuation (2021).
US$50m last disclosed round in 2019.
🇧🇷 Mercado Bitcoin (crypto)
US$2.1b last disclosed valuation (2021).
US$200m last disclosed round in 2021.
🇨🇱 NotCo (foodtech)
USD1.5b last disclosed valuation (2021)
USD235m last disclosed round in 2021.
🇲🇽 Clip (fintech)
US$2b last disclosed valuation (2021).
US$250m last round in 2021.
🇲🇽 Bitso (crypto)
US$2.2b last disclosed valuation (2021).
US$250m last round in 2021.
🇧🇷 MadeiraMadeira (e-commerce)
US$1b last disclosed valuation (2021).
US$190m last disclosed round in 2021.
🇧🇷 Wildlife Studios (gaming)
US$1.3b last disclosed valuation (2019).
US$60m last disclosed round in 2019.
🇦🇷 Auth0 (enterprise solution)
US$1b last disclosed valuation (2019).
US$103m last disclosed round in 2019.
🇨🇴 Rappi (logistics & distribution)
US$5.25b+ last disclosed valuation (2021).
US$500m last disclosed round in 2021.
🇧🇷 Loggi (logistics & distribution)
US$2b+ last disclosed valuation (2021).
US$205m last disclosed round in 2021.
🇧🇷 Gympass (marketplace) – 2019
US$2.2b last disclosed valuation (2021).
US$220m last disclosed round in 2021.
🇧🇷 Nubank (fintech)
US$30b last disclosed valuation (2021).
US$750m last disclosed round in 2021.
🇧🇷 QuintoAndar (proptech)
US$1b+ last disclosed valuation (2021).
US$300m last disclosed round in 2021.
🇧🇷 Loft (proptech)
US$2.9b last disclosed valuation (2021).
US$425m and US$100m last disclosed rounds in 2021.
🇧🇷 Creditas (fintech)
US$1.75b last disclosed valuation (2020).
US$255m last disclosed round in 2020.
🇧🇷 EBANX (fintech)
US$1b+ last disclosed valuation (2019).
Last disclosed round (undisclosed amount) in 2019.
🇧🇷 iFood (logistics & distribution)
Valuation undisclosed.
US$500m last disclosed round in 2018.
Disclaimer: The information contained in this publication has been gathered from sources believed to be reliable and from secondary sources that were checked whenever possible, but its accuracy and completeness are not guaranteed. LAVCA shall not be responsible for any inaccuracy unintentionally included in this publication. Readers should consult and rely solely on their judgment or their own advisers regarding all pertinent information, legal, and accounting issues.