At the annual BayBrazil 2019 conference Fabricio Bloisi, Founder and CEO of Movile, talked about how Brazil’s startup ecosystem has grown in recent years to the point that today the country is increasingly seeing unicorns.
Currently, ten Brazilian companies have reached the title of unicorns, which means that their value exceeds one billion dollars. Of these companies, five of them reached the title of unicorns in 2019, an indicator of the maturity of the startup ecosystem in Brazil.
Venture capital has played a crucial role in Brazilian startups to achieve this value. Both Latin American investment funds and Kaszek Ventures to large corporations such as Softbank have injected capital into Brazilian startups, which has allowed them to compete globally.
Learn more about the unicorns made in Brazil in this talk by Fabricio Bloisi.