Top Unicorn Startups in South America for 2024

In South America, we rank 24 unicorn startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Unicorns in South America are falling behind the performance of their global counterparts.

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Top Unicorn Startups in South America for 2024

SB Score:775

iFood dominates food delivery in Latin America, providing a wide range of restaurant options and quick delivery service right to your door.

Industry:
Transportation
Subindustry:
Logistics

City Rank (Sao Paulo)

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National Rank (Brazil)

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SB Score:770

QuintoAndar is a Brazilian real estate platform that simplifies the rental and sales process through technology, providing listings, visit scheduling, and contract management.

Industry:
Ecommerce & Retail
Subindustry:

City Rank (Sao Paulo)

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SB Score:761

Ebanx is a Latin American payments platform that helps global merchants sell their products locally by offering a wide range of local payment methods.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Curitiba)

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National Rank (Brazil)

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Global Rank (WorldWide)

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Total amount:24

Best Software & Data Startups in South America for 2024

South America startups in the Software & Data industry are overperforming their global industry peers. The top three Software & Data unicorns in South America have raised more than USD 984M, an amount that is higher than the global industry average.
SB Score:678

Nuvem Shop is a cloud-based e-commerce solution in Brazil, empowering SMBs to build and customize online stores with integrated payment, shipping, and marketing tools. Based in São Paulo and Buenos Aires, Nuvem Shop offers a user-friendly platform for retailers to thrive in the digital marketplace.

Industry:
Software & Data
Subindustry:
SaaS

City Rank (Sao Paulo)

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National Rank (Brazil)

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SB Score:623

Unico, an IDTech startup, streamlines digital identity verification for seamless interactions between individuals and businesses. Simplifying the process, Unico enhances security and efficiency in personal data management.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

City Rank (Sao Paulo)

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National Rank (Brazil)

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SB Score:299

Betterfly rewards healthy habits with charitable donations and provides free life insurance coverage. This purpose-driven benefits platform encourages users to prioritize their well-being while giving back to the community.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

City Rank (Santiago)

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National Rank (Chile)

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Global Rank (WorldWide)

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Total amount:4

Most Valuable Unicorns in South America for 2024

The top three most valuable unicorns in South America have raised total funding of more than USD 10.5B. Among the top three funded unicorns, the most popular industry, based on total funding, is Edtech.
SB Score:730

Rappi offers fast and convenient on-demand delivery services for food, groceries, medicine, and more. Users can easily order from a variety of categories such as liquor, with quick delivery to their doorstep.

Industry:
Transportation
Subindustry:
Logistics

City Rank (Bogota)

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National Rank (Colombia)

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Global Rank (WorldWide)

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SB Score:770

QuintoAndar is a Brazilian real estate platform that simplifies the rental and sales process through technology, providing listings, visit scheduling, and contract management.

Industry:
Ecommerce & Retail
Subindustry:

City Rank (Sao Paulo)

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National Rank (Brazil)

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SB Score:727

C6 Bank is a digital bank providing a wide range of banking services for individuals and small to midsize businesses. It offers a full-service experience with convenient online features, making banking easier and more accessible for its customers.

Industry:
Fintech
Subindustry:
Online Banking

City Rank (Sao Paulo)

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National Rank (Brazil)

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SB Score:191

Brazil's premier fintech platform specializes in providing secured loans. Offering a secure and efficient way for users to access funding, the platform is the largest of its kind in the country.

Industry:
Fintech
Subindustry:
Fintech-Other

City Rank (Sao Paulo)

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National Rank (Brazil)

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SB Score:678

Nuvem Shop is a cloud-based e-commerce solution in Brazil, empowering SMBs to build and customize online stores with integrated payment, shipping, and marketing tools. Based in São Paulo and Buenos Aires, Nuvem Shop offers a user-friendly platform for retailers to thrive in the digital marketplace.

Industry:
Software & Data
Subindustry:
SaaS

City Rank (Sao Paulo)

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National Rank (Brazil)

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SB Score:634

Wildlife Studios, founded in Brazil in 2011, is a top 10 global mobile gaming company. With a truly global presence, the studio has become a leader in the industry.

Industry:
Social & Leisure
Subindustry:
Edtech

City Rank (Sao Paulo)

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National Rank (Brazil)

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SB Score:623

Unico, an IDTech startup, streamlines digital identity verification for seamless interactions between individuals and businesses. Simplifying the process, Unico enhances security and efficiency in personal data management.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

City Rank (Sao Paulo)

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National Rank (Brazil)

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SB Score:693

Ualá is a mobile app from Argentina for personal financial management, enabling users to easily conduct transactions.

Industry:
Fintech
Subindustry:
Fintech-Other

City Rank (Buenos Aires)

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National Rank (Argentina)

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Global Rank (WorldWide)

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SB Score:559

Introducing a cutting-edge merchant acquirer, revolutionizing payment processing for businesses. Simplify transactions, optimize revenue, and enhance customer experience with our innovative platform. Join the future of payments with seamless integration and advanced analytics.

Industry:
Fintech
Subindustry:
Payments

City Rank (Sao Paulo)

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National Rank (Brazil)

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10th

Loggi
SB Score:733

Loggi streamlines same-day food delivery and courier services, making them faster, more cost-effective, and efficient. With a focus on time and cost savings, Loggi delivers convenience to businesses and customers alike.

Industry:
Transportation
Subindustry:
Logistics

City Rank (Sao Paulo)

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National Rank (Brazil)

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Global Rank (WorldWide)

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Total amount:24

Top Hiring Unicorns in South America by Employee Number

The top three hiring unicorns in South America have an average employee size that is smaller than to the global average. Among these, the Transportation industry features the unicorn with the largest workforce.
SB Score:775

iFood dominates food delivery in Latin America, providing a wide range of restaurant options and quick delivery service right to your door.

Industry:
Transportation
Subindustry:
Logistics

City Rank (Sao Paulo)

0

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National Rank (Brazil)

0

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Global Rank (WorldWide)

0

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SB Score:770

QuintoAndar is a Brazilian real estate platform that simplifies the rental and sales process through technology, providing listings, visit scheduling, and contract management.

Industry:
Ecommerce & Retail
Subindustry:

City Rank (Sao Paulo)

0

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National Rank (Brazil)

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Global Rank (WorldWide)

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SB Score:753

MadeiraMadeira revolutionizes the online construction material market, providing a wide range of products for all finishing needs. As a pioneer in e-commerce, they lead the way in simplifying the buying process for customers looking for quality materials.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Curitiba)

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National Rank (Brazil)

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Global Rank (WorldWide)

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SB Score:733

Loggi streamlines same-day food delivery and courier services, making them faster, more cost-effective, and efficient. With a focus on time and cost savings, Loggi delivers convenience to businesses and customers alike.

Industry:
Transportation
Subindustry:
Logistics

City Rank (Sao Paulo)

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National Rank (Brazil)

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Global Rank (WorldWide)

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Total amount:24

Best Countries for Startups
StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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Global RankCountryTotal Score

Access subscores for 1000 cities and 100 countries

Quantity Score
Quality ScoreBusiness Score
1st
0
United States
215.001
00.00
00.00
00.00
2nd
0
United Kingdom
55.995
00.00
00.00
00.00
3rd
0
Israel
51.557
00.00
00.00
00.00
4th
0
Canada
38.254
00.00
00.00
00.00
5th
+
1
Singapore
37.736
00.00
00.00
00.00
6th
-
1
Sweden
27.024
00.00
00.00
00.00
7th
0
Germany
25.830
00.00
00.00
00.00
8th
0
France
24.894
00.00
00.00
00.00
9th
+
1
The Netherlands
24.462
00.00
00.00
00.00
10th
+
1
Switzerland
24.081
00.00
00.00
00.00
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