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Metro area · South America

Belo Horizonte

Metro area · Brazil · Pop. 6M

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$3.2B+92%
Combined startup EV
$67.1M
VC invested (last 12mo)
156
Tracked startups
#172/ 199
Unicorns per 1M people · cities rank
🦄 Unicorns
3
3 live · +0 new in 2025 (incl. 0 new decacorns)
💎 Decacorns
0
🐎 Thoroughbreds
1
Top 1% growth · $500M+

Enterprise value · 2015–2025

Belo Horizonte grew 46.7× since 2015

Combined enterprise value of every tracked startup headquartered in Belo Horizonte that's still operating today — public and private companies combined, totalled by founding-year cohort.

0 $1B $2B $3B $4B Belo Horizonte · $3.2B 2015 2018 2021 2024 2025

Adjacent cities by EV

Startup funnel

Belo Horizonte's power-law funnel

From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.

Pre-Seed
49
Seed
17
Series A
15
Series B
2
Series C
2
Unicorn
3

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

Notable companies

Top private companies in Belo Horizonte

Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.

Unicorns $1B+ valuation 3
HotmartMeliuzAfya
Thoroughbreds+ $100M+ revenue 1
Afya

Academia

Belo Horizonte's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Belo Horizonte.

University-linked startup formation
5
University spinouts
147
Total alumni-founded companies
94
Of which startups (<$15M raised)
34
Breakouts ($15M-100M)
19
Scaleups ($100M+)

Vs. similarly-sized ecosystems

How Belo Horizonte stacks up

Peers chosen from the same country (Brazil), sized closest to Belo Horizonte by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.

Combined enterprise value
$4.6B
Belo Horizonte
$3.2B
$1.4B
$1.4B
EV growth (5-yr ×) vs current EV

Premium analytics

What we don't show on this page (yet)

Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Belo Horizonte dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Belo Horizonte's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Belo Horizonte's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
Belo Horizonte's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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Founder origins
Where Belo Horizonte's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in Belo Horizonte
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Belo Horizonte
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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