Fintech and e-commerce were the industries that generated most of the market value within Latin American technology-based startups (also known as Tecnolatinas), with a combined total of over 70 percent of the ecosystem value. Emerging sectors such as proptech garnerd less value with only three percent.
Distribution of the market value of startups in the tech industry in Latin America as of 2020, by sector
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 startups in the tech industry in Latin America as of 2020, by sector [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1227861/latin-america-market-value-startups-tech-industry-sector/
Inter-American Development Bank. "Distribution of the market value of startups in the tech industry in Latin America as of 2020, by sector ." Chart. March 25, 2021. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1227861/latin-america-market-value-startups-tech-industry-sector/
Inter-American Development Bank. (2021). Distribution of the market value of startups in the tech industry in Latin America as of 2020, by sector . Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1227861/latin-america-market-value-startups-tech-industry-sector/
Inter-American Development Bank. "Distribution of The Market Value of Startups in The Tech Industry in Latin America as of 2020, by Sector ." Statista, Statista Inc., 25 Mar 2021, https://www.statista.com/statistics/1227861/latin-america-market-value-startups-tech-industry-sector/
Inter-American Development Bank, Distribution of the market value of startups in the tech industry in Latin America as of 2020, by sector Statista, https://www.statista.com/statistics/1227861/latin-america-market-value-startups-tech-industry-sector/ (last visited November 17, 2024)
Distribution of the market value of startups in the tech industry in Latin America as of 2020, by sector [Graph], Inter-American Development Bank, March 25, 2021. [Online]. Available: https://www.statista.com/statistics/1227861/latin-america-market-value-startups-tech-industry-sector/
