LatAm's 20+ Unicorns are worth $81B, with Nubank growing 30x in 5 years.

Bubble chart comparing Latin American Unicorn companies by valuation, showing their combined worth is over $80 Billion | Sources: CB Insights, Latinometrics — LatAm's Unicorns Are Worth $81B

You may think of Unicorns as mythical creatures that do not exist. In the tech world, a Unicorn is a startup company whose valuation is worth over $1B (USD). In Latin America, Unicorns are real; there are over 20 of them and combined, they are worth almost $82 Billion.

The growth of these companies in some cases has been quite remarkable. For example, Nubank has grown more than 30x in 5 years and is set to continue soaring once it enters the public market next year.

With several prominent players from Latin America already in public markets like Mercado Libre, PagSeguro, and Despegar, global investors have noticed and want to get in early by pouring billions of dollars into startups.

For example, SoftBank’s Marcelo Claure announced the “Latin America Fund II” in September, committing a total of $8B to fund Latin American startups— Who knows? Maybe Latinometrics will soon be joining the Unicorn pack 👀.