Tecnolatinas by sector and capital raised 2020

In 2020, fintech was the leading sector among technology-based startups in Latin America (also called Tecnolatinas), with a total of 202 businesses. More than half of these companies had raised less than 10 million U.S. dollars, meaning they were in the initial stage of capital investments. The e-commerce market was the second most prevalent sector among Tecnolatinas, with 93 startups.

Number of startups in the tech industry in Latin America as of 2020, by sector and capital raised

Characteristic	1-10 M USD	10-25 M USD	25-50 M USD	50-100 M USD	100-500 M USD	500-1000 M USD	>1000 M USD
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-	-	-	-	-	-	-	-
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-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-

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Release date

March 2021

More information

Region

LAC

Survey time period

2020

Number of respondents

1,005 companies

Special properties

Tecnolatinas refers to technology-based private companies born in Latin America and the Caribbean and owned by founders from the region. It includes companies that have raised more than one million U.S. dollars of capital and with an estimated value of six million U.S. dollars or more.

Supplementary notes

Various sources include Surfing Tsunamis, Tecnolatinas, LAVCA, Crunchbase, Pitchbook, Techcrunch, Research Reports and Media Reports.

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