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Not too long ago, the idea of public technology companies from Latin America seemed to be far, and Mercado Libre once seemed as rare and mythical as a true unicorn. Today, however, the region houses several startups that have reached billion dollar ratings.
Some of these startups, which are moved into the spotlight due to cross -border expansion, are now being recognized beyond their home countries, whereby the Nubank special go public in the United States.
However, there is a wider cohort of Latin American scale that deserve attention; Many in FinTech, but not exclusively. Other important sectors are e-commerce, Health Tech, Logistics, Proptech and SaaS.
Some local unicorns can currently hold “paper reviews” from rounds that have been raised during the highlight of 2021, but the point is still: they are knowing and many could recover next to the market, since VC investments in Latin America can recover Demonstrated resilience in 2024.
As a group, these unicorns also reflect the multiple start -up hubs of Latin America. While Brazil and Mexico are leading in numbers, unicorns also emerged from Argentina, Colombia, Chile and Uruguay, which further strengthens these ecosystems.
Let’s take a closer look at the top Latin American unicorns by evaluation – although the oldest price tags often have to be absorbed with a grain of salt.
Rappi (2015): worth 5.25 billion US dollars in July 2021
Rappi from Colombia is an on-demand delivery platform that was A great app and expanded to several countries.
The climb was strengthened before the pandemic An investment of 1 billion US dollars from soft bank. But the evaluation of 5.25 billion US dollars was added Round of more than 500 million US dollars It was secured in July 2021.
Since then, Rappi has operated in a challenging environment and carried out several rounds of redundancies and change GIG Economy legislation in MexicoWhere it is now planning Invest 110 million US dollars Increase his operations. The company still Very hopes for the IPO And hired a CFO To prepare for this endeavor after it was reached for the first time for the first time at the end of 2023.
Quintoandar (2012): worth 5.1 billion US dollars in August 2021
Quintoandar is a Brazilian company that focuses on renting and selling residential properties. With commercial activities in Six Latin American countries And A tech center in EuropeIt made several acquisitions and grew into a group with a burden of more than 3,500 people.
In 2021 the startup was busy with the Fundraising front: less than three months after the announcement A series E of 300 million US dollars with an evaluation of 4 billion US dollarsQuintoandar collected an additional 120 million US dollars With an assessment of 5.1 billion US dollars. With 755 million US dollars So far, the CAP table has risen and includes Kaszek, General Atlantic, Softbank and Tencent.
Creditas (2012): in January 2022 worth 4.8 billion US dollars worth 4.8 billion US dollars
Creditas is a Brazilian FinTech player who specializes in loans, including consumer loans.
The most recent round of financing was a series F 260 million US dollars in January 2022, which rates the Brazilian lender At 4.8 billion US dollarsCompared to 1.75 billion US dollars in December 2020.
Series F was involved by Fidelity with the participation of new and existing supporters, including Kaszek Ventures, QED investors and soft bank. It was extended in July 2022 With the same assessment that allow credit to allow Buy the Brazilian license from Andorran Bank and the bank for around 93 million US dollars.
Nuvemshop (2011): worth 3.1 billion US dollars in August 2021
Nuvemshop referred to as Tiendanube in Spanish-language markets and is a Brazilian e-commerce platform that is designed for SMEs and entrepreneurs to sell products and services online-or short. “Latin America’s answer to Shopify.”
The latest known assessment of 3.1 billion US dollars comes from the 500 million US dollar series E mega-round Together by Insight Partners and Tiger Global Management, which it applied in August 2021, just a few months after his Accel-guided $ 90 million series D..
Wildlife Studios (2011): worth ~ 3 billion US dollars in August 2020
Wildlife Studios is a Brazilian mobile gaming company.
It was from the reasoning of Victor LazarteNow also a general partner at Benchmark, the VC company that led wildlife studios. 60 million US dollars A series A in 2019 with an assessment of 1.3 billion US dollars. Less than a year later, the startup A reached Almost 3 billion US dollars rating From his series B round.
In an open conversation on stage and slush 2023Lazarte said that afterwards there is too much capital in the event of an excess of too high a “mistake”. In June 2023, the company announced that the former Amazon manager Peter Hill would Replace Laza as CEO. It was also carried out Several round layoffs.
Loft (2018): worth 2.9 billion US dollars in April 2021 worth 2.9 billion US dollars
Loft is a Brazilian Proptech company Supported by Big Silicon Valley names since its creation in 2018.
The 175 million dollar series C from Loft was jointly headed by A16Z and Vulcan Capital in 2020. One of D1 Capital Partners in New York based on 425 million US At 2.9 billion US dollars.
The digital real estate platform was not immune to the market. It directed Two rounds of layoffs in 2022 But contested to raise a down round round in November 2022. In 2023 after new financing by A Sovereign find in the Middle East”In the case of an unknown assessment and another round of discharge, she claimed it Have reached break-even.
Unico (2007): worth 2.6 billion US dollars in April 2022 worth 2.6 billion US dollars
Unico is a Brazilian ID -Tech startup and one of the largest Saas companies in Latin America.
The evaluation of 2.6 billion US dollars is new than many on this list. It came from the 100 million dollar series D collected the company In April 2022. The round was headed by Goldman Sachs, with the existing General Atlantic and the Latin America Fund soft bank being involved.
C6 Bank (2018): worth 2.28 billion US dollars in December 2020
The C6 Bank is a Brazilian digital bank. In contrast to some competitors, it has not expanded beyond Brazil, where it has more than 35 million customers.
C6 was evaluated at 2.28 billion US dollars In December 2020, six months before JPmorgan Chase acquired 40% owner of Neobank in 2021. Increase its share In 2023 it now has 46% of C6 who had its The first profitable year in 2024.
Kavak (2016): worth 2.2 billion US dollars in April 2025 worth 2.2 billion US dollars
With supporters such as General Catalyst and Softbank, Kavak is an e-commerce platform based in Mexico to buy and sell used cars online.
Once estimated At 8.7 billion US dollars After a series E that doubled his assessment in 2021, Kavak saw his evaluation shortened by $ 6.5 billion after expansion difficulties and layoffs. After the company collected a round of stocks of $ 127 million in March 2025 and secured two $ 200 million debt facilities and would like to position itself for a potential IPO in the next three to five years.
BTSO (2014): worth 2.2 billion US dollars in May 2021 worth 2.2 billion US dollars
Bitso is a Latin American cryptocurrency exchange, which also facilitates cross -border payments.
In May 2021 it received a series C round of $ 250 million, which the company rated $ 2.2 billion and is together by Tiger Global and Coatue, including new and existing investors, including Kaszek and Are.
Cloudwalk (2013): worth 2.15 billion US dollars in November 2021
Cloudwalk is known to a Brazilian company in Infinitepay and Jim.com and is a Brazilian payment infrastructure company (not to be confused with that. Chinese facial recognition software company same name).
The evaluation of Cloudwalk of 2.15 billion US dollars showed In 2023 and closed 2024 With a turnover of 497 million US dollars.
Clip (2012): In June 2024 worth 2 billion US dollars
Briefly known as Flash Pay and founded From former PayPal employeesClip is that Latin America Squarewith POS devices and fintech solutions for companies.
In 2021, clip became a unicorn according to A $ 250 million round Led by Softbank and Viking and has retained this status since then. The 100 million dollar round that it collected In June 2024 confirmed its evaluation of 2 billion US dollars because the company was “shortly before profitability”, its CEO said Bloomberg.
Loggi (2013): worth ~ 2 billion US dollars in March 2021 worth ~ 2 billion US dollars
Loggi is a logistics company based in Brazil that is known for its Concentrate on the delivery in the last mile.
The supporters include Monashes, Qualcomm Ventures and Softbank. The last round of financing was A 205 million US dollar series F. Under the direction of Capsur Capital in March 2021, with an evaluation of almost 2 billion US dollars.
Betting are still open Who can join the list And how the ranking lists can be ordered again will make sure that you keep you up to date.
