In 2020, 350 technology-based Latin American companies (also called Tecnolatinas) born outside Brazil raised between one and 10 million U.S. dollars from capital investments, which is over four times the amount of non-Brazilian Tecnolatinas who successfully secured between 10 and 15 million U.S dollars. Meanwhile, only four companies surpassed the 500 million U.S. dollars barrier in capital investments in 2020.
Number of Latin American startups in the tech industry born outside Brazil as of 2020, by capital raised
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Inter-American Development Bank. (March 25, 2021). Number of Latin American startups in the tech industry born outside Brazil as of 2020, by capital raised [Graph]. In Statista. Retrieved May 19, 2024, from https://www.statista.com/statistics/1227766/latin-america-number-non-brazilian-startups-tech-industry-capital-raised/
Inter-American Development Bank. "Number of Latin American startups in the tech industry born outside Brazil as of 2020, by capital raised." Chart. March 25, 2021. Statista. Accessed May 19, 2024. https://www.statista.com/statistics/1227766/latin-america-number-non-brazilian-startups-tech-industry-capital-raised/
Inter-American Development Bank. (2021). Number of Latin American startups in the tech industry born outside Brazil as of 2020, by capital raised. Statista. Statista Inc.. Accessed: May 19, 2024. https://www.statista.com/statistics/1227766/latin-america-number-non-brazilian-startups-tech-industry-capital-raised/
Inter-American Development Bank. "Number of Latin American Startups in The Tech Industry Born outside Brazil as of 2020, by Capital Raised." Statista, Statista Inc., 25 Mar 2021, https://www.statista.com/statistics/1227766/latin-america-number-non-brazilian-startups-tech-industry-capital-raised/
Inter-American Development Bank, Number of Latin American startups in the tech industry born outside Brazil as of 2020, by capital raised Statista, https://www.statista.com/statistics/1227766/latin-america-number-non-brazilian-startups-tech-industry-capital-raised/ (last visited May 19, 2024)
Number of Latin American startups in the tech industry born outside Brazil as of 2020, by capital raised [Graph], Inter-American Development Bank, March 25, 2021. [Online]. Available: https://www.statista.com/statistics/1227766/latin-america-number-non-brazilian-startups-tech-industry-capital-raised/