Here are Latin America’s biggest startups based on valuation

Not so long ago, the idea of public tech companies emerging from Latin America seemed far-fetched, and Mercado Libre once appeared as rare and mythical as a true unicorn. Today, however, the region is home to several startups that have reached billion-dollar valuations. Some of these startups, propelled into the spotlight by cross-border expansion, are now recognized beyond their home countries, with Nubank notably going public in the U.S. Yet, there is a broader cohort of Latin American scale-ups that deserve attention; many in fintech, but not exclusively. Other important sectors include e-commerce, health tech, logistics, proptech, and SaaS. Some homegrown unicorns may currently hold “paper valuations” from rounds that were raised during the 2021 peak, but the point still stands: They are worth knowing, and many could recover alongside the market, as VC investment in Latin America demonstrated resilience in 2024. As a group, these unicorns also reflect Latin America’s multiple s ... Read full article.