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LAVCA | The Association for Private Capital Investment in Latin America

A non-profit member organization

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Latin America Unicorn Leaderboard

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):

🇧🇷 iFood (logistics & distribution)

US$5.4b last disclosed valuation (2022).

US$1.8b last disclosed transaction in 2022.
🇲🇽 Stori (fintech)

US$1.2b last disclosed valuation (2022).

US$50m last disclosed round in 2022.

🇧🇷 Creditas (fintech)

US$4.8b last disclosed valuation (2022).

US$50m last disclosed round in 2022.

🇪🇨  Kushki (fintech)

US$1.5b last disclosed valuation (2022).

US$100m last disclosed round in 2022.

🇲🇽 Nowports (logistics)

US$1.1b last disclosed valuation (2021).

US$150m last round in 2021.

🇧🇷  Dock (fintech)

US$1.5b+ last disclosed valuation (2022).

US$110m last disclosed round in 2022.

🇨🇴  Habi (proptech)

US$1+ last disclosed valuation (2022).

US$200m last disclosed round in 2022.

🇧🇷  unico (cybersecurity)

US$2.6+ last disclosed valuation (2022).

US$100m last disclosed round in 2022.

🇧🇷 Neon (fintech)

US$1b+ last disclosed valuation (2022).

US$300m last disclosed round in 2022.

🇨🇱 Betterfly (insurtech)

US$1b last disclosed valuation (2022).

US$125m last disclosed round in 2022.

🇧🇷 Facily (e-commerce)

US$1b+ last disclosed valuation (2021).

US$135m last disclosed round in 2021.

🇧🇷 olist (e-commerce)

US$1.5b last disclosed valuation (2021).

US$186m last disclosed round in 2021.

🇧🇷 Merama (e-commerce)

US$1.2b last disclosed valuation (2021).

US$60m last disclosed round in 2021.

🇧🇷 Mercado Bitcoin (crypto)

US$2.1b last disclosed valuation (2021).

US$50m last disclosed round in 2021.

🇧🇷 CargoX (logistics)

US$1b+ last disclosed valuation (2021).

US$200m last round in 2021.

🇲🇽 Clara (fintech)

US$1b last disclosed valuation (2021).

US$70m last round in 2021.

🇧🇷 CloudWalk (fintech)

US$2.15b last disclosed valuation (2021).

US$150m last round in 2021.

🇲🇽 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.

🇨🇱 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.

🇧🇷 EBANX (fintech)

US$1b+ last disclosed valuation (2019).

Last disclosed round (undisclosed amount) in 2019.

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.

Latin America Unicorn Leaderboard was last modified: August 19th, 2022 by Editor
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Tech Growth Membership

The 2023 LAVCA Startup Founders Survey is made possible thanks to the support of LAVCA’s Tech Growth Membership, a group of leading tech companies and investors advancing the tech ecosystem in Latin America including AWS, Mercado Libre, Microsoft, Qualcomm Ventures, SVB, Riverwood Capital, Google and Movile.

LAVCA Newsletters

Sign up for LAVCA’s Latin American Private Capital Update, a bi-weekly round-up of private capital industry news, research, events and updates on investors in Latin America; and the LatAm Venture Bulletin, which covers disclosed tech transactions in Latin America, as well as startup profiles, policy updates and more.

LAVCA’s 2022 Latin American Startup Directory

LAVCA’s seventh annual Latin American Startup Directory profiles 523 startups that raised USD1m+ in venture funding in 2021 and 1H 2022, during a time of record venture investment in the region.

LAVCA’s 2022 Trends in Tech

Venture investment in the region topped USD16b in 2021, with a record 488 deals in 2020 and record seed and early-stage investments in a number of major markets. View the report and stay tuned for LAVCA’s 2023 Trends in Tech release in mid-February.

Latin American Unicorn Leaderboard

For a current list of privately held, venture-backed startups that have achieved valuations over USD1b, view LAVCA’s Unicorn Leaderboard.

2022 Top & Emerging Women Investing In Latin American Tech

In an effort to raise the visibility of women decision-makers investing in early- and growth-stage tech in Latin America, LAVCA has published an updated annual list of the Top Women Investing in Latin American Tech, as well as our fourth annual list of Emerging Women Investors in Latin American Tech.

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

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