Latin America: Tecnolatinas 2020, by geographic strategy

Published by Statista Research Department, Jul 5, 2024
In 2020, more than 420 Latin American startups in the tech industry (or Tecnolatinas) focused on the Brazilian market. The regional strategy was chosen by 151 Tecnolatinas, in comparison to the 190 tech startups that adopted a global strategy. That same year, Argentina concentrated approximately 45 percent of the startup ecosystem value in Latin America.

Number of startups in the tech industry in Latin America in 2020, by geographic strategy

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Release date

March 2021

Region

LAC

Survey time period

2020

Number of respondents

1,005 companies

Special properties

Tecnolatinas refers to technology-based private companies born in Latin America and the Caribbean and owned by founders from the region. It includes companies that have raised more than one million U.S. dollars of capital and with an estimated value of six million U.S. dollars or more.

Supplementary notes

Various sources include Surfing Tsunamis, Tecnolatinas, LAVCA, Crunchbase, Pitchbook, Techcrunch, Research Reports and Media Reports.

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