Latin American technology-based companies (also called Tecnolatinas) born outside Brazil generated most of their value within the region. In 2020, nearly three quarters of all non-Brazilian Tecnolatinas' market value was generated by startups with a regional geographic strategy. In contrast to the successful local approach adopted by Brazilian Tecnolatinas, only five percent of the market value of non-Brazilian startups came from businesses with a local approach.
Distribution of the market value of Latin American startups in the tech industry born outside Brazil as of 2020, by geographic strategy
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). Distribution of the market value of Latin American startups in the tech industry born outside Brazil as of 2020, by geographic strategy [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1227526/latin-america-market-value-non-brazilian-tech-startups-geographic-strategy/
Inter-American Development Bank. "Distribution of the market value of Latin American startups in the tech industry born outside Brazil as of 2020, by geographic strategy ." Chart. March 25, 2021. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1227526/latin-america-market-value-non-brazilian-tech-startups-geographic-strategy/
Inter-American Development Bank. (2021). Distribution of the market value of Latin American startups in the tech industry born outside Brazil as of 2020, by geographic strategy . Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1227526/latin-america-market-value-non-brazilian-tech-startups-geographic-strategy/
Inter-American Development Bank. "Distribution of The Market Value of Latin American Startups in The Tech Industry Born outside Brazil as of 2020, by Geographic Strategy ." Statista, Statista Inc., 25 Mar 2021, https://www.statista.com/statistics/1227526/latin-america-market-value-non-brazilian-tech-startups-geographic-strategy/
Inter-American Development Bank, Distribution of the market value of Latin American startups in the tech industry born outside Brazil as of 2020, by geographic strategy Statista, https://www.statista.com/statistics/1227526/latin-america-market-value-non-brazilian-tech-startups-geographic-strategy/ (last visited November 17, 2024)
Distribution of the market value of Latin American startups in the tech industry born outside Brazil as of 2020, by geographic strategy [Graph], Inter-American Development Bank, March 25, 2021. [Online]. Available: https://www.statista.com/statistics/1227526/latin-america-market-value-non-brazilian-tech-startups-geographic-strategy/
