Latin America has enjoyed a jump in investor interest in its startup scene.
SoftBank alone has pledged to invest $5B in the region through its new Innovation Fund.
And just last week, it announced a $100M bet on Mexican fintech startup Clip. CBInsight mapped the most well-funded startups. Check below what is happening on that underestimated continent. Again, emerging markets are proving, that developed countries will soon stay behind in technology and innovations!
Key Take aways from CB Insight report:
The most well-funded startup in Latin America is on-demand delivery startup Rappi in Colombia with over $1.4B in total disclosed funding.Rounding out the top 3 most well-funded startups in the region are online food delivery platform iFood in Brazil ($590M in total disclosed funding), and Panama-based co-working startup Selina ($195M).2 of the 11 companies featured in our map are unicorns (valued at $1B+): on-demand delivery startup Rappi in Colombia and online food delivery platform iFood in Brazil. Selinais a potential future unicorn, valued at $850M.The region is home to 4 countries whose most well-funded tech startup has raised over $100M in funding. Only Rappi has raised more than $1B+ in equity funding.The least well-funded startup on the map is Singularities in Costa Rica which raised $1.3M in August 2018.