The 21 Latin American unicorns galloping to success

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Contxto – With Latin America growing as a significant axis for the entrepreneurship ecosystem, barely each and every day goes on with no breaking news tale in regards to a Latin American startup financing round.

At Contxto, we’re constantly wanting to display what’s going well in Latin America. Using the exact same function, there’s no better method to exemplify go the miracles with this geographical area compared to startups which have was able to break the US$1 billion mark. Here’s a listing of a number of the area’s blessed unicorns.

*Disclaimer: many of these organizations are general general public. In accordance with Investopedia, Unicorns are privately-held organizations well worth US$1 billion or even more, however, we chose to consist of some general general public organizations to deliver an even more step-by-step photo. These businesses will likely to be marked with an asterisk (*).

The transportation that is popular started in Sao Paulo in 2012. Connecting users with taxi motorists and personal drivers, the business offered 99 per cent (no pun intended) of their stock to Asia’s Didi Chuxing for US$900 million.

Additionally from Sao Paulo, this startup ended up being started in 2006. Ever since then, Pagseguro has generated solutions that are innovative both users and organizations when it comes to payments, purchase automation, product product sales and transfers. The startup raised US$2.27 billion through its NYSE IPO.

Nubank initially started as Solucoes de Pagamento in May 2013. In under 8 weeks, it changed its title and started to really challenge old-fashioned banking institutions and their exhausting processes that are bureaucratic. The Brazilian company obtained a value of US$4 billion after offering a minority stake for US$180 million to Tencent Holdings.

From Colombia, this startup proudly represents the populous town of Bogota. Started in 2015, the famous market application links users with motorists in a position to deliver just about anything. I really think they do deliver such a thing. The startup’s latest funding round ended up being a US$200 million Series D led by DST worldwide with involvement of Sequoia Capital, Andreessen Horowitz and Endeavor Catalyst.

Since starting in 2010 in Sao Paulo, this Brazilian startup is among the most biggest information center in Latin America. Presently, it’s 17 information focuses on the planet. Ascenty raised an amount that is undisclosed of during its final investment round in June 2017. However, we all know that their present bulk stockholders, Great Hill Partners, bought their stake for US$1.8 billion.

Rock Pagamentos sprang debit and credit cards to its payment processing services in 2012. After its IPO well worth US$1.1 billion, the Brazilian startup handled to make a projected yearly revenue of US$5 million. A few days ago, it filed for a follow-on providing intending to increase US$700 million.

Arco Educacao*

This Brazilian startup went general general public at the conclusion of September 2018, increasing over US$220 million. The platform provides fundamental training programs for learning and development. Arco Educacao’s technology and solutions will also be available to a lot more than 425 million pupils and it’s contained in about 1,300 personal schools that are brazilian.

This meals distribution platform were only available in might 2011 in Sao Paulo, Brazil. Its final investment round, a Series G well worth US$500 million, occurred in November 2018. Out from the amount that is total US$400 million had been committed by Innova Capital and Naspers to iFood’s holding, Movile, in an effort to help expand spend money on the startup.

Since 2012, Gympass was linking employees from partnering businesses with a hefty system of 30,000 fitness facilities. Nowadays, Crunchbase is reporting significantly more than 141,000 app that is monthly across 15 different nations. Recently, the startup raised US$300 million from Softbank, presumably at a lot more than US$1 billion.

Prisma Medios de Pago

Always innovating, this provider facilitates online transactions, re re payments, transfers, points of purchase, online shopping, payment, a s well as cash administration. Prisma established in 2014 straight right back in its hometown of Buenos Aires, Argentina. To your shock of several, it became a unicorn in 2019 after Advent’s money infusion of US$700 million.

Despegar started in 1999 as an internet B2C travel agency catering to your Portuguese and Spanish talking market. Now situated in Miami, Florida, it allows users to analyze travel itineraries, check journey availability, along with guide airfare. People may also secure resort and car rental reservations online, along with travel-related solutions, including usage of air companies, vehicle leasing businesses, etc.


Additionally, starting in Argentina in 1999, MercadoLibre could very well be Latin America’s many well-known e-commerce and auction platform. Frequently compared to eBay, this market permits clients to purchase or offer virtually any such thing, which range from electronic devices, cars, to also property. It offers held five capital rounds in accordance with Crunchspace, bringing its valuation that is current to1.9 billion.

This company that is digitally native lovers embrace innovation, design, and engineering to effortlessly measure. Since 2003, this has expanded to a lot more than 14 nations and caused corporations such as for example Bing, Southwest Airlines, EA and BBVA. Formerly, Globant happens to be formerly showcased as company research study for Harvard, MIT and Stanford.

This Mexican business from Monterrey is supplying IT solutions since 1982. Active across the planet, Softtek provides time-to-business solutions, decreases expenses of current applications, designers and tests applications, helping top-tier corporations in 20 nations to create optimal results. Some way, this company assists enhance the company value from it among its numerous partners.

KIO Sites

“Kio” means “mirror” and symbolizes duality in Swahili. Well, those are a couple of relevant terms because of this Mexican business and its ample profile from it solutions. It started in 2002 and has now since supplied the necessary infrastructure to over 40 Data Centers in Mexico, Central America, the Caribbean, and Europe, assisting users peer through the looking-glass of these very own information.

Much like Mercado Libre, OLX started in 2006 being a competing e-commerce platform in Argentina. As you expected, users should buy cars, furniture, clothes, plus a number of other conveniences. Why is the corporation a small different is that users also can find jobs or market for solutions.

TOTVS began in 1983 as an application business in Brazil, centering on the partnership, administration and help side associated with the industry. It focuses on computer software development and simply recently offered its equipment manufacturing device, Bematech, to Elgin.

Never ever compromise on identification is this ongoing company’s motto. Auth0 is really a cybersecurity and verification startup from Argentina. It gives holistic solutions that are b2B corporations wanting to improve protection protocols.

The latest unicorn regarding the Latin American block is Loggi. This startup is attempting to secure next-day delivery anywhere in Brazil like other delivery apps. It recently raised US$100 million from SoftBank to do this.

Companies utilize Loggi’s “logistics-as-a-service” platform to send distribution needs, which immediately determines the route and price.


After a huge SoftBank investment, the Brazilian proptech QuintoAndar became a unicorn in September 2019. Its online platform supplies a market for users to either purchase or offer properties. Presumably perfect for home liquidation, the platform enables readers observe listings, keep tabs of monetary deals between renters and landlords, not forgetting generate contracts that are binding.

One of several latest Latin American unicorns, EBANX is just A brazilian fintech providing end-to-end localized payments for some associated with the world’s most recognized brands. Particularly, it partners with worldwide businesses planning to enter profitable local areas, such as for example Brazil.

Allowing this, the business provides consumers with more than 100 payment that is local also over 50 Latin American banking institutions and payment processors. Popular among e-merchants, some prominent lovers consist of AliExpress, Wish, Gearbest, Pipedrive, Spotify, in addition to Airbnb

These proud Latin Americans have actually set the club very high. Them all exemplify a thirst for innovation and keen company sensory faculties, which we like to see. Brand New technologies will certainly come from their store, and Contxto will undoubtedly be here to allow you realize exactly about it.

Written by Victor Cortes, Cesar Miramontes and Jacob Atkins