In 2020, 350 technology-based Latin American companies (also called Tecnolatinas) born outside Brazil raised between one and 10 million U.S. dollars from capital investments, which is over four times the amount of non-Brazilian Tecnolatinas who successfully secured between 10 and 15 million U.S dollars. Meanwhile, only four companies surpassed the 500 million U.S. dollars barrier in capital investments in 2020.
Number of Latin American startups in the tech industry born outside Brazil as of 2020, by capital raised
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). Number of Latin American startups in the tech industry born outside Brazil as of 2020, by capital raised [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1227766/latin-america-number-non-brazilian-startups-tech-industry-capital-raised/
Inter-American Development Bank. "Number of Latin American startups in the tech industry born outside Brazil as of 2020, by capital raised." Chart. March 25, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1227766/latin-america-number-non-brazilian-startups-tech-industry-capital-raised/
Inter-American Development Bank. (2021). Number of Latin American startups in the tech industry born outside Brazil as of 2020, by capital raised. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1227766/latin-america-number-non-brazilian-startups-tech-industry-capital-raised/
Inter-American Development Bank. "Number of Latin American Startups in The Tech Industry Born outside Brazil as of 2020, by Capital Raised." Statista, Statista Inc., 25 Mar 2021, https://www.statista.com/statistics/1227766/latin-america-number-non-brazilian-startups-tech-industry-capital-raised/
Inter-American Development Bank, Number of Latin American startups in the tech industry born outside Brazil as of 2020, by capital raised Statista, https://www.statista.com/statistics/1227766/latin-america-number-non-brazilian-startups-tech-industry-capital-raised/ (last visited November 21, 2024)
Number of Latin American startups in the tech industry born outside Brazil as of 2020, by capital raised [Graph], Inter-American Development Bank, March 25, 2021. [Online]. Available: https://www.statista.com/statistics/1227766/latin-america-number-non-brazilian-startups-tech-industry-capital-raised/
