The 21 Latin United states unicorns galloping to success

The 21 Latin United states 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 attempting to display what’s going well in Latin America. Aided by the exact same function, there’s no better method to exemplify the miracles of the geographical area as 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: several of those businesses are general general general public. Relating to Investopedia, Unicorns are privately-held businesses well well worth US$1 billion or maybe more, nonetheless, we made a decision to add some general general public businesses to offer an even more detailed photo. These firms is going to be marked having an asterisk (*).

The popular transport startup started in Sao Paulo in 2012. Linking users with taxi motorists and drivers that are private the company offered 99 per cent (no pun meant) 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 established solutions that are innovative both users and companies when it comes to payments, purchase automation, product 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 begun to really challenge old-fashioned banking institutions and their exhausting processes that are bureaucratic. The company that is brazilian a value of US$4 billion after selling a minority stake for US$180 million to Tencent Holdings.

From Colombia, this startup proudly represents the city of Bogota. Launched in 2015, the marketplace that is famous links users with motorists in a position to deliver most situations. I really think they do deliver such a thing. The startup’s round that is latest funding a US$200 million Series D led by DST worldwide with involvement of Sequoia Capital, Andreessen Horowitz and Endeavor Catalyst.

This brazilian startup has become the largest data center in Latin America since beginning in 2010 in Sao Paulo. Presently, it offers 17 information centers on the whole world. Ascenty raised an amount that is undisclosed of during its final investment round in June 2017. Nonetheless, we all know that their current bulk stockholders, Great Hill Partners, bought their stake for US$1.8 billion.

Rock Pagamentos sprang its repayment processing solutions with debit and charge cards in 2012. After its IPO well well worth US$1.1 billion, the Brazilian startup handled to make a believed yearly revenue of US$5 million. A few days ago, it filed for a offering that is follow-on to increase US$700 million.

Arco Educacao*

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

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

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

Prisma Medios de Pago

Always innovating, the corporation facilitates online deals, re re payments, transfers, points of purchase, internet shopping, payment, a s well as cash administration. Prisma established in 2014 back in its hometown of Buenos Aires, Argentina. Into the shock of numerous, it became a unicorn in 2019 after Advent’s money infusion of US$700 million.

Despegar began in 1999 as an on-line B2C travel agency catering into the Portuguese and Spanish talking market. Now situated in Miami, Florida, it allows users to analyze travel itineraries, check trip availability, along with guide airfare. Individuals may also secure resort and vehicle rental reservations online, along with travel-related solutions, including usage of air companies, vehicle leasing organizations, etc.


Additionally, starting in Argentina in 1999, MercadoLibre is probably Latin America’s many well-known e-commerce and auction platform. Usually in comparison to eBay, this market enables clients to purchase or offer virtually such Extra resources a thing, which range from electronic devices, cars, to estate that is even real. This has held five financing rounds in accordance with Crunchspace, bringing its present valuation to US$1.9 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. Previously, Globant is formerly featured being a continuing company research study for Harvard, MIT and Stanford.

This company that is mexican Monterrey happens to be supplying IT solutions since 1982. Active across the whole world, Softtek provides time-to-business solutions, decreases expenses of current applications, designers and tests applications, and assists top-tier corporations in 20 nations to create outcomes that are optimal. Some way, this company assists enhance the company value from it among its partners that are many.

KIO Companies

“Kio” means “mirror” and symbolizes duality in Swahili. Well, those are a couple of appropriate terms because of this business that is mexican its sufficient profile from it solutions. It started in 2002 and it has since supplied the necessary infrastructure to over 40 Data Centers in Mexico, Central America, the Caribbean, and European countries, assisting users peer through the looking-glass of one’s own information.

Just like Mercado Libre, OLX began in 2006 as being a competing platform that is e-commerce Argentina. Not surprisingly, users can purchase automobiles, furniture, clothing, plus a great many other conveniences. Why is this business a small different is users also can find jobs or advertise for solutions.

TOTVS began in 1983 as a software business in Brazil, centering on the connection, administration and help region of the industry. It focuses primarily on pc computer computer software development and merely recently offered its equipment manufacturing device, Bematech, to Elgin.

Never ever compromise on identification is this company’s motto. Auth0 is just a cybersecurity and verification startup from Argentina. It offers holistic solutions that are b2B corporations trying to enhance safety protocols.

The unicorn that is newest in the Latin American block is Loggi. Like other distribution apps, this startup is wanting to secure next-day distribution any place in Brazil. It recently raised US$100 million from SoftBank to achieve this.

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


After a large SoftBank investment, the Brazilian proptech QuintoAndar became a unicorn in September 2019. Its online platform offers a market for users to either purchase or sell properties. Presumably ideal for home liquidation, the working platform enables readers to monitor listings, keep tabs of monetary deals between renters and landlords, as well as generate contracts that are binding.

One of several latest Latin American unicorns, EBANX is really a fintech that is brazilian end-to-end localized payments for some for the world’s most distinguished brands. Especially, it partners with worldwide businesses planning to enter profitable local areas, such as for instance Brazil.

To allow this, the organization provides customers with more than 100 neighborhood repayment choices also over 50 Latin US banking institutions and re payment processors. Popular among e-merchants, some partners that are prominent AliExpress, want, Gearbest, Pipedrive, Spotify, along with Airbnb

These proud Latin Americans have actually set the club quite high. Them all exemplify a thirst for innovation and keen company sensory faculties, which we want to see. Brand brand New technologies will certainly come you know all about it from them, and Contxto will be there to let.

Compiled by Victor Cortes, Cesar Miramontes and Jacob Atkins

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