Panama
South America · Pop. 4.5M
1 Overview
* Conversion rates are derived from current counts.
2 Latest quarter
Panama's latest quarter in venture capital
VC raised by Panama-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by Panama-headquartered companies…
3 Largest rounds
Largest funding rounds in Panama
A live treemap of $15M+ rounds from the Dealroom API. Each cell is one round into a company headquartered in Panama, grouped by Dealroom sector.
Largest rounds in Panama - 2024–2026
4 VC investment
How much venture capital flows into Panama
VC investment into Panama-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
5 Location comparison
How Panama stacks up
Compare Panama with similarly sized ecosystems in South America — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top ecosystems in South America ranked by combined EV. Panama's row is highlighted (#12).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Brazil | $235B | 14.1× | 33 | $2B | 4,058 |
| 2 | Argentina | $135B | 23.1× | 10 | $177.1M | 830 |
| 3 | Mexico | $45.2B | 10.0× | 13 | $1.4B | 1,336 |
| 4 | Peru | $24.7B | 114.2× | 0 | $4.3M | 192 |
| 5 | Colombia | $21.2B | 16.6× | 2 | $206.8M | 700 |
| 6 | Chile | $16.2B | 11.1× | 3 | $228.8M | 875 |
| 7 | El Salvador | $12.6B | — | 1 | $72.8M | 34 |
| 8 | Cayman Islands | $11.6B | 163.2× | 5 | $184.5M | 119 |
| 9 | British Virgin Islands | $6B | 66.8× | 1 | $267.9M | 128 |
| 10 | Uruguay | $5.5B | 18.9× | 2 | $38.2M | 101 |
| 11 | Costa Rica | $4.1B | 2.7× | 1 | $13.7M | 76 |
| 14 | Panama | $1.1B | — | 1 | $123.2M | 78 |
More data
Explore Dealroom data →Get the full Panama ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.