In 2020, Chile had 4.2 technology-based startups per million population, the highest density in Latin America and the Caribbean. With a considerably higher population, Brazil reported a lower startup density, standing at 2.4 businesses per million inhabitants. At least 10 out of the 16 countries depicted reported less than one tech startup per million population in 2020.
Number of startups in the tech industry per million population in selected countries in Latin America in 2020
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 startups in the tech industry per million population in selected countries in Latin America in 2020 [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1227969/latin-america-number-startups-tech-industry-population-country/
Inter-American Development Bank. "Number of startups in the tech industry per million population in selected countries in Latin America in 2020." Chart. March 25, 2021. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1227969/latin-america-number-startups-tech-industry-population-country/
Inter-American Development Bank. (2021). Number of startups in the tech industry per million population in selected countries in Latin America in 2020. Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1227969/latin-america-number-startups-tech-industry-population-country/
Inter-American Development Bank. "Number of Startups in The Tech Industry per Million Population in Selected Countries in Latin America in 2020." Statista, Statista Inc., 25 Mar 2021, https://www.statista.com/statistics/1227969/latin-america-number-startups-tech-industry-population-country/
Inter-American Development Bank, Number of startups in the tech industry per million population in selected countries in Latin America in 2020 Statista, https://www.statista.com/statistics/1227969/latin-america-number-startups-tech-industry-population-country/ (last visited November 17, 2024)
Number of startups in the tech industry per million population in selected countries in Latin America in 2020 [Graph], Inter-American Development Bank, March 25, 2021. [Online]. Available: https://www.statista.com/statistics/1227969/latin-america-number-startups-tech-industry-population-country/
