In 2020, most of the unicorn Tecnolatinas (Latin American technology-based compainies worth over one billion U.S. dollars) were based in Brazil. In comparison, Argentina was home to five unicorn Tecnolatinas, while Mexico hosted only three. Colombia, Chile, and Uruguay only had one unicorn tech startup, respectively.
Number of unicorn startups in the tech industry in Latin America in 2020, by country of origin
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 unicorn startups in the tech industry in Latin America in 2020, by country of origin [Graph]. In Statista. Retrieved December 18, 2024, from https://www.statista.com/statistics/1227795/latin-america-number-unicorn-startups-tech-industry-country-origin/
Inter-American Development Bank. "Number of unicorn startups in the tech industry in Latin America in 2020, by country of origin ." Chart. March 25, 2021. Statista. Accessed December 18, 2024. https://www.statista.com/statistics/1227795/latin-america-number-unicorn-startups-tech-industry-country-origin/
Inter-American Development Bank. (2021). Number of unicorn startups in the tech industry in Latin America in 2020, by country of origin . Statista. Statista Inc.. Accessed: December 18, 2024. https://www.statista.com/statistics/1227795/latin-america-number-unicorn-startups-tech-industry-country-origin/
Inter-American Development Bank. "Number of Unicorn Startups in The Tech Industry in Latin America in 2020, by Country of Origin ." Statista, Statista Inc., 25 Mar 2021, https://www.statista.com/statistics/1227795/latin-america-number-unicorn-startups-tech-industry-country-origin/
Inter-American Development Bank, Number of unicorn startups in the tech industry in Latin America in 2020, by country of origin Statista, https://www.statista.com/statistics/1227795/latin-america-number-unicorn-startups-tech-industry-country-origin/ (last visited December 18, 2024)
Number of unicorn startups in the tech industry in Latin America in 2020, by country of origin [Graph], Inter-American Development Bank, March 25, 2021. [Online]. Available: https://www.statista.com/statistics/1227795/latin-america-number-unicorn-startups-tech-industry-country-origin/
