Their latest investment round was a US$500 million Series E last August. Eleven years later, they became a unicorn valued at US$3,1 billion. This e-commerce platform was founded in 2010 by current CEO Santiago Sosa, Alejandro Vazquez and Martin Palombo. To the surprise of many, it became a unicorn in 2019 after Advent’s capital infusion of US$700 million. Prisma launched in 2014 back in its hometown of Buenos Aires, Argentina. Prisma Medios de PagoĪlways innovating, this company facilitates online transactions, payments, transfers, points of sale, online shopping, billing, as well as money management. What makes this company a little different is that users can also find jobs or advertise for services. As expected, users can purchase vehicles, furniture, clothing and many other conveniences. Similar to Mercado Libre, OLX began in 2006 as a competing e-commerce platform in Argentina. They made history when they started trading on Nasdaq in 2007, as they were the first Latam tech company to do so. Often compared to eBay, this marketplace allows customers to buy or sell practically anything: ranging from electronics, motor vehicles, to even real estate. MercadoLibre*īeginning in Argentina in 1999, MercadoLibre is perhaps Latin America’s most well-known e-commerce and auction platform. They became a public company by launching their IPO on the NYSE in 2014. Previously, Globant has been featured as a business case study for Harvard, MIT and Stanford. They have worked with corporations such as Google, Southwest Airlines, EA and BBVA. Since 2003, they have expanded to more than 14 countries. This digitally native company helps partners embrace innovation, design and engineering in order to scale effectively. They started trading on the New York Stock Exchange (NYSE) in 2017. People can also secure hotel and car rental reservations online, as well as other travel-related services. Now based in Miami, Florida, it enables users to research travel itineraries, check flight availability and book airfare. Despegar*ĭespegar began in 1999 as an online B2C travel agency catering to the Portuguese and Spanish speaking market. Prior to the U.S-based Okta acquiring them in May 2021, Auth0 had raised a total of US$332.3 million over 10 rounds and had a US$1,9 billion valuation. It brings holistic B2B solutions for corporations that want to increase their security protocols. It’s a cybersecurity and identity authentication startup cofounded by Eugenio Pace and Matías Woloski in 2013. Here is the complete list of all the unicorns in LatAm, continuously updated. One more Chilean unicorn was added to the list and Brasil, leading with 18 unicorns (23 if we count all those that have already made an exit), made history with one of the decade’s most successful IPOs.Īlthough the abundance of unicorns doesn’t translate into a success metric for the region in terms of market maturity, it is key to identify these extremely well-financed and high-valued companies to keep an eye on the consolidation of the ecosystem. It had zero unicorns in January, but by December seven companies had taken this title. Mexico made its debut as a unicorn maker (we had to say goodbye to KIO Networks, SoftTek, and GBM from this list). And, of course, there was a record of new unicorns in the region. Others increased their funding, including Innogen Capital Ventures and Platanus Ventures. Regional firms began investing in countries where they hadn’t before, like Kaszek’s first investment in Peru. The second and third largest rounds went to the e-commerce storefront builder Tiendanube/Nuvemshop, and the delivery service Rappi. For example: the largest round – a US$700 million Series E – was received by Kavak, an online used car marketplace. The largest influx of capital was funnelled to sectors other than fintech, which had been the most funded industry for years. There were a few days during 2021 when investment rounds for regional startups were not announced. In total, 660 deals were closed – 121 more than the previous year. Contxto – According to a report by CBInsights, US$14.8 billion in VC was poured into the region during 2021 up 174% from 2020.
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