At least 23 private Latin American companies have become unicorns. Of the 23 unicorns, 15 have raised capital in 2021.
- Fintech represents the largest sector with 40% of the 23 unicorns.
- The largest deals were a $750M Series G by the digital bank Nubank, followed by two online food delivery platforms, Rappi (Columbia) and iFood (Brazil), each respectively raising $500M.
- Uruguay’s dLocal exited through a $14B Nasdaq IPO.
In related news:
- Early-stage venture capital fund Newtopia VC launched Monday with $50M to invest in tech startups based in Latin America.