In 2020, Latin American technology-based companies (also called Tecnolatinas) with a regional geographic strategy were valued at over 100 billion U.S. dollars. Meanwhile, a large portion of the Tecnolatinas' ecosystem value was credited to startups focusing on the Brazilian market, which reported a market value of 68 billion U.S. dollars. As of November 2020, six out of the top 10 most valuable unicorn companies in Latin America were based in Brazil.
Market value of startups in the tech industry in Latin America in 2020, by geographic strategy
(in billion U.S. dollars)
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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Inter-American Development Bank. (March 25, 2021). Market value of startups in the tech industry in Latin America in 2020, by geographic strategy (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1227417/latin-america-market-value-startups-tech-industry-geographic-strategy/
Inter-American Development Bank. "Market value of startups in the tech industry in Latin America in 2020, by geographic strategy (in billion U.S. dollars)." Chart. March 25, 2021. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1227417/latin-america-market-value-startups-tech-industry-geographic-strategy/
Inter-American Development Bank. (2021). Market value of startups in the tech industry in Latin America in 2020, by geographic strategy (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1227417/latin-america-market-value-startups-tech-industry-geographic-strategy/
Inter-American Development Bank. "Market Value of Startups in The Tech Industry in Latin America in 2020, by Geographic Strategy (in Billion U.S. Dollars)." Statista, Statista Inc., 25 Mar 2021, https://www.statista.com/statistics/1227417/latin-america-market-value-startups-tech-industry-geographic-strategy/
Inter-American Development Bank, Market value of startups in the tech industry in Latin America in 2020, by geographic strategy (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1227417/latin-america-market-value-startups-tech-industry-geographic-strategy/ (last visited December 22, 2024)
Market value of startups in the tech industry in Latin America in 2020, by geographic strategy (in billion U.S. dollars) [Graph], Inter-American Development Bank, March 25, 2021. [Online]. Available: https://www.statista.com/statistics/1227417/latin-america-market-value-startups-tech-industry-geographic-strategy/
