Brazil
South America · Pop. 212M · #14 startup ecosystem by EV · WithinWorldG20Latin AmericaLatin America and the CaribbeanUpper Middle Income Countries (UN definition)South AmericaBrazil
1 Startup funnel
Brazil's startup funnel
Companies headquartered in Brazil at each stage today, by total VC raised. Hover or tap a bar for the split.
Source: Dealroom.co
2 Latest quarter
Brazil's latest quarter in venture capital
Venture capital raised by Brazil-headquartered companies each quarter since 2020, split by round size, with detail on the latest complete quarter.
Latest complete quarter
Loading VC raised by Brazil-headquartered companies…
3 Enterprise value
How much Brazil’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Brazil, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.
4 VC investment
How much venture capital flows into Brazil
VC investment into Brazil-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
5 Largest rounds
Largest funding rounds in Brazil
A live treemap of $15M+ rounds from the Dealroom API. Each cell is one round into a company headquartered in Brazil, grouped by Dealroom sector.
Largest rounds in Brazil - 2024–2026
6 Startup hubs
Inside Brazil: 4 startup hubs, 529 universities
Hubs are sized by combined enterprise value; universities by the startup founders they produced. Hover any point for its numbers; the lists rank hubs by EV and universities by founders.
7 Founder origins
Where Brazil's unicorn founders build
101 founders born in Brazil are behind 48 unicorns; 27% of those were built in the US. Origins are resolved from biography and education history, not current address. Compare with the other origin countries in South America, ranked by founders or per 1M inhabitants.
8 Location comparison
How Brazil stacks up
Compare Brazil with similarly sized ecosystems in South America — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top ecosystems in South America ranked by combined EV. Brazil's row is highlighted (#1).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Brazil | $238B | 14.2× | 34 | $2B | 4,078 |
| 2 | Argentina | $142B | 7.1× | 10 | $195.9M | 834 |
| 3 | Mexico | $45.3B | 10.0× | 13 | $1.4B | 1,334 |
| 4 | Chile | $18.2B | 12.4× | 3 | $229.7M | 898 |
| 5 | Colombia | $16.7B | 12.0× | 2 | $211.5M | 672 |
| 6 | El Salvador | $12.6B | — | 1 | $72.8M | 35 |
| 7 | Cayman Islands | $11.6B | 163.2× | 5 | $188.5M | 119 |
| 8 | British Virgin Islands | $6.1B | 67.3× | 1 | $285.9M | 132 |
| 9 | Uruguay | $4.6B | 35.2× | 1 | $38.7M | 106 |
| 10 | Costa Rica | $4.3B | 2.9× | 1 | $13.7M | 77 |
| 11 | Bermuda | $2.7B | 5.5× | 1 | $22M | 29 |
| 12 | Panama | $1.8B | — | 1 | $123.2M | 78 |
9 Patent intelligence
Brazil startup IP portfolio: 2,384 patent families
Granted patent families assigned to startups headquartered in Brazil. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.
10 Sector concentration
Where Brazil punches above its weight
Sectors in which Brazil's share of the global unicorn pool is bigger than its overall share. A 5× over-index means Brazil is 5× more represented in that sector than in the global average. Source: top-hub aggregation across the 18 simplified sectors.
More data
Explore Dealroom data →Get the full Brazil ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.