Not long ago, the idea of public technology companies that emerged from Latin America seemed excessive and Mercado Libre once appeared rare and mythical as a true unicorn. Today, however, the area hosts several newly established businesses that have reached billions of dollars.
Some of these newly established businesses, promoted to the forefront with cross -border expansion, are now recognized beyond their countries of origin, with Nubank mainly publicly in the US
However, there is a wider group of Latin American escalation that deserve attention. Many in FinTech, but not exclusively. Other important areas include e -commerce, health technology, logistics, proptech and Saas.
Some unicorn at home can currently hold “paper valuations” from rounds that have increased during the peak of 2021, but the point is still located: it is worth knowing and many could recover parallel to the market, as the VC investment in Latin America Showed durability in 2024.
As a group, these unicorns also reflect the multiple Latin American start -up nodes. While Brazil and Mexico remain leaders in numbers, unicorns have also emerged from Argentina, Colombia, Chile and Uruguay, further enhancing these ecosystems.
Let’s take a closer look at the top Latin -American unicorns with valuation – although older price labels often have to be taken with a salt wheat.
Rappi (2015): worth $ 5.25 billion in July 2021
Coming out of Colombia, Rappi is a custom -made tradition that has become a super application and expanded to many countries.
Its rise was fastened before the pandemic: in 2019, it increased a $ 1 billion investment from Softbank. However, the valuation of $ 5.25 billion was annexed to more than $ 500 million that secured in July 2021.
Since then, Rappi has been operating in a more difficult environment by conducting multiple rounds of layoffs and facing the change GIG Economy Legislation in Mexicowhere he now plans Invest $ 110 million reinforce its activities. However, the company still Hopefully hopes for iPO and hired a cfo Prepare for this effort after the break-even for the first time in late 2023.
Quintoandar (2012): worth $ 5.1 billion in August 2021
Quintoandar is a Brazilian Proptech company that focuses on renting and selling property homes. By commercial activities in six Latin American countries And a technical hub in Europe made several acquisitions and grew up in a group of more than 3,500 people.
In 2021, the start was busy with the front of the capital rally: less than three months after the announcement of a $ 300 million series in a $ 4 billion valuation, Quintoandar increased an additional $ 120 million to $ 5.1 billion. With 755 million $ Developed to this day, the cover table includes Kaszek, General Atlantic, Softbank and Tencent.
Creditas (2012): $ 4.8 billion in January 2022
Creditas is a Brazilian loan -specific Fintech player, including consumer faith.
The last round of funding was a series of $ 260 million F in January 2022, estimating the Brazilian lender at $ 4.8 billion, from $ 1.75 billion in December 2020.
The F series was led by Fidelity, involving new and existing supporters, including Kaszek Ventures, QED investors and Softbank. Were expanded in July 2022 with the same valuation, allowing the creditas Buy Brazil’s license of Andorran Bank and Babank For about $ 93 million.
Nuvemshop (2011): worth $ 3.1 billion in August 2021
Visit as Tiendanube in Spanish markets, Nuvemshop is an e-commerce platform, designed for SMEs and entrepreneurs to sell products and services online, “Latin America’s response to Shopify”.
His latest well-known $ 3.1 billion valuation comes from the $ 500 million E Mega-Round series, led by Insight Partners and Tiger Global Management, which set up in August 2021, just months after the acceleration of 90 million dollars.
Wildlife Studios (2011): Shipment ~ 3 billion dollars in August 2020
Wildlife Studios is a Brazilian mobile company.
Co -founded by Victor Lazarte, now also a general associate at Benchmark, VC that drove Wildlife Studios’ 60 million $ In 2019 with $ 1.3 billion valuation. Less than a year later, the boot arrived at Nearly $ 3 billion From the B Round Round.
In a honest conversation on the scene on Slush 2023, Lazarte said that, retroactively, raising too much funds at a very high valuation so fast was a “mistake”. In June 2023, the company announced that the former Amazon executive Peter Hill will Replace Lazarte as CEO. Also conducted several rounds of layoffs.
LOFT (2018): worth $ 2.9 billion in April 2021
Loft is a Brazilian promotion company supported by big Silicon Valley names since its birth in 2018.
Loft’s $ 175 million series was co -organized by the A16Z and Vulcan Capital in 2020. A $ 425 million series led by D1 Capital Partners in New York followed in March 2021 and expanded in April 2021 rating the company at $ 2.9.
The digital real estate platform was not immunized in the market. Conducted Two rounds of layoffs in 2022 but refused to put a lower round In November 2022. In 2023, after new funding from a Sovereign Fund in the Middle East“In an un -announced valuation and another round of layoffs, he claimed that have arrived at Break-Even.
Unico (2007): worth $ 2.6 billion in April 2022
Unico is a technological start of Brazil and one of Latin America’s largest SAAS companies.
The valuation of $ 2.6 billion is more recent than many in this list. Came from the $ 100 million d series set by the company In April of 2022. The round was driven by Goldman Sachs, with the participation of existing Atlantic and Softbank Latin America Fund investors.
C6 Bank (2018): worth $ 2.28 billion in December 2020
C6 Bank is a Brazilian digital bank. Unlike some competitors, it has not been expanded beyond Brazil, where it has more than 35 million customers.
C6 was valued at 2.28 billion $ In December 2020, six months before JPMorgan Chase acquired 40% ownership of Neobank in 2021. After increasing her share In 2023, he now holds 46% of the C6, which had his own the first profitable year in 2024.
Kavak (2016): worth $ 2.2 billion in April 2025
With supporters, including General Catalyst and Softbank, Kavak is a Mexican e -commerce platform to buy and sell used cars online.
Once he was valued at $ 8.7 billion after an E -series round that doubled his valuation in 2021, Kavak saw his appreciation decreased by $ 6.5 billion after expansion difficulties and redundancies. After increasing a $ 127 million round share capital and secured two debt points of $ 200 million in March 2025, the company aims to be placed for a possible IPO within the next three to five years.
Bitso (2014): worth $ 2.2 billion in May 2021
Bitso is an exchange of Latin American encryption that also facilitates cross -border payments.
In May 2021, It Secured A $ 250 Million Series C Round Valuing the Company at $ 2.2 Billion and Co-Led by Tiger Global and Coatue, with Participation from New and Existing Investors, Including Kaszek and Qed.
Cloudwalk (2013): worth $ 2.15 billion in November 2021
Known for brands Infinitepay and Jim.com, Cloudwalk is a Brazilian Payment Infrastructure Company (not to be confused with Chinese Facial Identification Company with the same name).
Cloudwalk’s $ 2.15 billion valuation resulted from a series of $ 150 million, led by Coatue in November 2021. Since then, Cloudwalk has achieved its first full year of profitability in 2023 and closed in 2024 with revenue of $ 497 million.
Clip (2012): worth $ 2 billion in June 2024
In briefly known as Sharp And was founded by former Paypal employees, the clip is the square of Latin America, with POS devices and fintech solutions for business.
The clip became unicorn in 2021 after a Round $ 250 million Led by Softbank and Viking and has maintained this situation since then. The round of 100 million $ In June 2024 confirmed the $ 2 billion assessment as the company was “on the brink of profitability”, its chief executive I said in Bloomberg.
Loggi (2013): Evaluated in ~ $ 2 billion in March 2021
Loggi is a Brazil -based logistics company known for its focus on the last mile.
Its supporters include Monashees, Qualcomm Ventures and Softbank. His last round of funding was A series of $ 20 million led by Capsur Capital in March 2021 in a valuation of close to $ 2 billion.
Bets are still open Who can participate in the list And how could the scores be reshaped, so we will make sure we know.
