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Metro area · South America

Buenos Aires

Metro area · South America · Pop. 13.6M · #42 city by EV

A public taster of the full Buenos Aires ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

$133B+51%
Combined startup EV
$120.1M
VC invested (last 12mo)
257
Tracked startups
#169/ 199
Unicorns per 1M people · cities rank
🦄 Unicorns
7
7 live $1B+ companies
💎 Decacorns
1
$10B+ tier
🐎 Thoroughbreds
4
Top 1% growth · $500M+

Enterprise value · 2015–2025

Buenos Aires grew 41.8× since 2015

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

0 $50B $100B $150B $200B Buenos Aires · $133B 2015 2018 2021 2024 2025

Adjacent cities by EV

Startup funnel

Buenos Aires'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
71
Seed
35
Series A
25
Series B
18
Series C
6
Unicorn
6
Decacorn
1

* 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 Buenos Aires

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

Decacorns $10B+ valuation 1
MercadoLibre
Unicorns $1B+ valuation 6
DespegarUaláAuth0Prisma Medios de PagoOLXTechnisys
Thoroughbreds+ $100M+ revenue 4
MercadoLibreGenomma LabDespegarAuth0

Academia

Buenos Aires's academic flywheel

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

University-linked startup formation
12
University spinouts
587
Total alumni-founded companies
435
Of which startups (<$15M raised)
107
Breakouts ($15M-100M)
45
Scaleups ($100M+)

Vs. similarly-sized ecosystems

How Buenos Aires stacks up

Peers chosen from the same continent (South America), sized closest to Buenos Aires by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.

Combined enterprise value
$399B
$362B
$359B
$296B
$286B
$279B
$256B
Buenos Aires
$133B
EV growth (5-yr ×) vs current EV
peer median 5.4× 1.1× 369.0× 737.0× $5.1B $320B $20.1T EV growth (5yr ×) Combined enterprise value (log) Bay Area Seattle Austin Yangtze Delta Region New Palo Alto Jingjinji Metropolitan Region New York City Beijing Boston Los Angeles Shenzhen Shanghai London Miami Hangzhou Tel Aviv San Diego Seoul Singapore Washington DC Paris Bengaluru Amsterdam Chicago Stockholm Ottawa–Gatineau Tokyo Delhi Sydney East of England Mumbai Dallas São Paulo Berlin/Brandenburg Hong Kong Cambridge (UK) Guangzhou Philadelphia Toronto-Waterloo Research Triangle Phoenix Nanjing Copenhagen Atlanta Salt Lake City Denver Munich Dublin Zurich Vancouver South East England Minneapolis–Saint Paul Houston Pittsburgh Dubai Ghent Boulder Helsinki Jakarta Montréal Provo-Orem Buenos Aires

Top overview

South America — top cities

Top cities in South America ranked by combined EV. Buenos Aires's row is highlighted.

# Ecosystem Combined EV 5-yr EV growth Unicorns VC invested Tracked startups
1 São Paulo $191B 16.7× 24 $1.1B 1,852
2 Buenos Aires $133B 7.9× 7 $120.1M 257
3 Mexico City $35.2B 10.6× 11 $951.4M 620
4 Santiago de Chile $17.1B 12.7× 3 $159.1M 714
5 Bogotá $14B 13.1× 2 $159.4M 369
6 Curitiba $13.6B 46.1× 3 $35M 124
7 Rio de Janeiro $4.9B 6.1× 0 $157.1M 212
8 Montevideo $4.6B 15.6× 2 $36.9M 86
9 Belo Horizonte $3.2B 25.9× 3 $67.1M 156
10 Monterrey (MX) $2.4B 5.6× 1 $3.7M 121
11 Lima $1.4B 6.9× 0 $2.3M 151
12 Guadalajara $1.4B 4.8× 0 $15.7M 112

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 Buenos Aires dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Buenos Aires's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Buenos Aires'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
Buenos Aires'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 Buenos Aires'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 Buenos Aires
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Buenos Aires
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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