Panama
South America · Pop. 4.5M · WithinWorldHigh Income Countries (UN definition)Latin AmericaLatin America and the CaribbeanSouth AmericaPanama
1 Startup funnel
Panama's startup funnel
Companies headquartered in Panama at each stage today, by total VC raised. Hover or tap a bar for the split.
Source: Dealroom.co
2 Latest quarter
Panama's latest quarter in venture capital
Venture capital raised by Panama-headquartered companies each quarter since 2020, split by round size, with detail on the latest complete quarter.
Latest complete quarter
Loading VC raised by Panama-headquartered companies…
3 Enterprise value
How much Panama’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Panama, 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 Panama
VC investment into Panama-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
5 Largest rounds
Largest funding rounds in Panama
A live treemap of $15M+ rounds from the Dealroom API. Each cell is one round into a company headquartered in Panama, grouped by Dealroom sector.
Largest rounds in Panama - 2024–2026
6 Location comparison
How Panama stacks up
Compare Panama 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. Panama's row is highlighted (#12).
| # | 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 |
More data
Explore Dealroom data →Get the full Panama ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.