Brazil
South America · Pop. 212M · #15 startup ecosystem by EV
Adjacent ecosystems by EV
Startup hubs
Inside Brazil: top 4 startup hubs
Sub-national ecosystems ranked by combined enterprise value of all tracked startups headquartered there.
Startup funnel
Brazil's power-law funnel
From every VC-backed startup down to the biggest scale-ups. Conversion rates show what fraction of one tier graduate into the next. Capital figures (where shown) are total VC deployed at that stage.
Enterprise value · 2015–2025
Brazil grew 28.1× since 2015
Combined enterprise value of every tracked startup headquartered in Brazil that's still operating today, totalled by founding-year cohort.
Vs. similarly-sized ecosystems
How Brazil stacks up
Peers chosen from the same South America cluster within ±70% of Brazil's combined EV. The scatter plots growth × current size for the wider continent — outliers in the upper-right are ecosystems compounding fastest.
Top overview
South America ecosystems — combined view
Top ecosystems in South America ranked by combined EV. Brazil's row is highlighted.
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Brazil | $234.7B | 16.2× | 32 | $2B | 3,952 |
| 2 | Argentina | $140.9B | 7.1× | 9 | $150.9M | 767 |
| 3 | Mexico | $45.1B | 10.0× | 13 | $1.4B | 1,281 |
| 4 | Colombia | $21.1B | 16.5× | 2 | $207.1M | 680 |
| 5 | Chile | $17.8B | 12.3× | 3 | $189.9M | 850 |
| 6 | El Salvador | $12.6B | — | 1 | $72.8M | 34 |
| 7 | Cayman Islands | $10.7B | 150.5× | 4 | $184.5M | 108 |
| 8 | British Virgin Islands | $5.8B | 64.8× | 1 | $249.9M | 124 |
| 9 | Uruguay | $4.6B | 15.7× | 2 | $38.2M | 93 |
| 10 | Bermuda | $2.7B | 5.5× | 1 | $22M | 29 |
| 11 | Ecuador | $1.6B | — | 1 | $600K | 61 |
| 12 | Peru | $1.5B | 7.4× | 0 | $2.3M | 188 |
Patent intelligence
Brazil startup IP portfolio: 2,384 patent families
Granted patent families assigned to startups headquartered in Brazil. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.
Sector concentration
Where Brazil punches above its weight
Sectors in which Brazil's share of the global unicorn pool is bigger than its overall share. A 5× over-index means Brazil is 5× more represented in that sector than in the global average. Source: top-hub aggregation across the 18 simplified sectors.
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 Brazil dataset — or see a sample on the Dealroom app.
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