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Six Latin American countries concentrated nearly all venture capital (VC) deals closed in 2020. Brazil led the market with nearly six out of 10 VC transactions. Mexico ranked second with more than ** percent of the investment agreements. Chile, Colombia, Argentina, and Peru followed with less than ** percent each. Venture capital investments are targeted to companies that show potential for long-term growth.

Unicorns in Latin America

Unicorns are privately-owned companies that reach a market value of over * U.S. dollars through private or public investments. Latin America is home to ** unicorns, less than *** percent of those located in North America or Asia-Pacific. Not surprisingly, Brazil contains nearly of the region’s unicorns, placing it among the top 10 countries worldwide.

Mercado Libre

Mercado Libre, the Argentinian online marketplace, holds the title as the undisputable unicorn leader in Latin America. In less than 10 years of operation, the company has managed to reach a market value of nearly ** billion U.S. dollars, as well as a significant online presence in ** Latin America and Caribbean countries.