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Continent / region

South America

Continent / region · #18 region by EV

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

🦄 New unicorns by year
2
Annual $1B+ outcomes, unsmoothed
🐎 Cumulative thoroughbreds
36
Company revenue history, 2016-2025
Enterprise value
$479B
Actual EV series, 2015-2025

Largest rounds

Largest funding rounds in South America

A live treemap of $100M+ rounds from the Dealroom API. Each cell is one round into South America-headquartered companies, grouped by Dealroom sector.

Largest rounds in South America - 2026

Every $100M+ VC round into South America-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
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Startup funnel

South America'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
2,460
Seed
1,163
Series A
729
Series B
339
Series C
177
Unicorn
65
Decacorn
4

* 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.

VC investment

How much venture capital flows into South America

VC investment into South America-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage. Live from the Dealroom Next Gen API. Open the full dashboard →

Country leaders

Which South America countries raise the most — and grow the fastest

VC investment by country across South America. Pick a year (the current year is year-to-date) and switch between the biggest markets and the fastest-growing ones.

Notable companies

Top private companies in South America

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 4
TetherXP InvestimentosNubankMercadoLibre
Unicorns $1B+ valuation 65
KonfioStoriSmart FitVTEXAfyaClaraRappiFlashbotsBitso99DespegarWildlifeC6 BankLoggiBerachainFacilySatellogicOlistPrisma Medios de PagoPlata+45 more
Thoroughbreds+ $100M+ revenue 36
MercadoLibreNubankGlobantSmart FitCloudWalkDLocalGenomma LabAfyaMoolec Science | Bioceres GroupBioceres Crop SolutionsCreditasInfracommerceLocawebVTEXZenviaIncode TechnologiesStoneC6 BankXP InvestimentosiFood

Academia

South America's academic flywheel

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

University-linked startup formation
293
University spinouts
5,381
Total alumni-founded companies
3,746
Of which startups (<$15M raised)
1,178
Breakouts ($15M-100M)
457
Scaleups ($100M+)

Location comparison

How South America stacks up

Compare South America with peers from other continents / multi-country regions — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.

$3.8T
$581B
South America
$502B
$368B
$142B
$73.6B

Combined enterprise value of each ecosystem.

Sector concentration

Where South America punches above its weight

Sectors in which South America's share of the global unicorn pool is bigger than its overall share. A 5× over-index means South America is 5× more represented in that sector than in the global average. Source: top-hub aggregation across the 18 simplified sectors.

🎓 Edtech
4.50×
3 unicorns · 7.9% of global sector
2.93×
9 unicorns · 5.1% of global sector
💸 Fintech
1.97×
11 unicorns · 3.5% of global sector

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 South America dataset — or see a sample on the Dealroom app.

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

Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.