Latin America is now a pole for startups because there is a large amount of money injected by investors who understand that it is an unexplored region with a series of problems that can be solved through current technology.

The startup market has been revalued in Latin America in recent times. In the first half of 2021 alone, these group of technology companies raised almost 10 billion dollars in venture capital investments, almost double the amount reached in 2020.

Another published report states that of the almost 800 ‘unicorns’ (startups that exceed one billion dollars in value) identified in the world, 23 are in Latin America, with a combined market value of almost $80,000 million dollars.

The number of unicorns in the region doubled between 2020 and 2021, reflecting the current dynamism in the Latin American startup market.

Latin America is now a pole for startups because there is a large amount of money injected by investors who understand that it is an unexplored region with a series of problems that can be solved through current technology.

This makes it a perfect ecosystem for creative people to design creative solutions to solve common problems, generally focused on finance, education, infrastructure.