Brazil has become a hub for startups in recent years, with many innovative companies emerging and making their mark in various industries. Among these companies, there are 17 only that have achieved the elusive unicorn status – being valued at over $1 billion. These companies are not only impressive for their financial success but also for their impact on the Brazil economy and their respective industries.
So without further ado, let’s dive into the world of Brazil’s unicorn companies!
List of 17 Unicorns in Brazil
1. QuintoAndar
A Brazilian real estate technology company that provides rental and property management solutions for renters and property owners.
Company Details:
- Valuation: $5.10$B
- Investors Name: Kaszek Ventures, General Atlantic, SoftBank Group
- City: Campinas
- Industry: E-commerce & direct-to-consumer
- Total Funding Raised: $755.74M
- Founded Year: 2012
- Joined Unicorn Club: 9/9/2019
- Total Investors:
- Total Deal Terms: 6
- Website: https://www.quintoandar.com.br/
2. C6 Bank
A Brazilian digital bank that provides banking, credit, and investment solutions for customers.
Company Details:
- Valuation: $5.05$B
- Investors Name: Credit Suisse
- City: Sao Paulo
- Industry: Fintech
- Total Funding Raised: $755.74M
- Founded Year: 2018
- Joined Unicorn Club: 12/2/2020
- Total Investors:
- Total Deal Terms: 6
- Website: https://www.c6bank.com.br/
3. Creditas
A Brazilian digital lending platform that provides secured loans and lending solutions for individuals and small businesses.
Company Details:
- Valuation: $4.80$B
- Investors Name: Kaszek Ventures, Amadeus Capital Partners, Quona Capital
- City: Sao Paulo
- Industry: Fintech
- Total Funding Raised: $867.44M
- Founded Year: 2012
- Joined Unicorn Club: 12/18/2020
- Total Investors:
- Total Deal Terms: 5
- Website: https://www.creditas.com.br/
4. Nuvemshop
An Argentinian e-commerce platform that provides online store solutions and services for businesses in Latin America.
Company Details:
- Valuation: $3.10$B
- Investors Name: Kaszek Ventures, Qualcomm Ventures, Accel
- City: Sao Paulo
- Industry: E-commerce & direct-to-consumer
- Total Funding Raised: $628.3M
- Founded Year: 2011
- Joined Unicorn Club: 8/17/2021
- Total Investors:
- Total Deal Terms: 2
- Website: https://www.nuvemshop.com.br/
5. Wildlife Studios
A Brazilian mobile game developer that provides mobile gaming solutions and services for gamers.
Company Details:
- Valuation: $3$B
- Investors Name: Benchmark, Bessemer Venture Partners
- City: Sao Paulo
- Industry: Other
- Total Funding Raised: $180M
- Founded Year: 2011
- Joined Unicorn Club: 12/5/2019
- Total Investors:
- Total Deal Terms: 2
- Website: https://www.wildlifestudios.com/
6. Loft
A Brazilian real estate platform that provides real estate solutions and services for individuals and businesses.
Company Details:
- Valuation: $2.90$B
- Investors Name: Monashees+, Andreessen Horowitz, QED Investors
- City: Sao Paulo
- Industry: E-commerce & direct-to-consumer
- Total Funding Raised: $788M
- Founded Year: 2018
- Joined Unicorn Club: 1/3/2020
- Total Investors:
- Total Deal Terms: 4
- Website: https://loft.com.br/
7. CloudWalk
A Brazilian facial recognition technology company that provides facial recognition solutions and services for businesses.
Company Details:
- Valuation: $2.15$B
- Investors Name: Plug and Play Ventures, Valor Capital Group, DST Global
- City: Sao Paulo
- Industry: Fintech
- Total Funding Raised: $345M
- Founded Year: 2013
- Joined Unicorn Club: 9/8/2021
- Total Investors:
- Total Deal Terms: 1
- Website: https://www.cloudwalk.io/
8. Loggi
A Brazilian logistics and delivery company that provides logistics and delivery solutions and services for businesses.
Company Details:
- Valuation: $2$B
- Investors Name: Qualcomm Ventures, SoftBank Group. Monashees+
- City: Sao Paulo
- Industry: Supply chain, logistics, & delivery
- Total Funding Raised: $484.32M
- Founded Year: 2013
- Joined Unicorn Club: 6/5/2019
- Total Investors:
- Total Deal Terms: 4
- Website: https://www.loggi.com/
9. Dock
A Brazilian blockchain data management platform that provides blockchain data management solutions and services for businesses.
Company Details:
- Valuation: $1.50 $B
- Investors Name: Viking Global Investors, Riverwood Capital, Lightrock
- City: Sao Paulo
- Industry: Fintech
- Total Funding Raised: –
- Founded Year: –
- Joined Unicorn Club: 5/12/2022
- Total Investors:
- Total Deal Terms: –
- Website: https://dock.io/
10. Olist
A Brazilian e-commerce platform that provides e-commerce solutions and services for businesses.
Company Details:
- Valuation: $1.50$B
- Investors Name: Redpoint e.ventures, Valor Capital Group, SoftBank Latin America Fund
- City: Curitiba
- Industry: E-commerce & direct-to-consumer
- Total Funding Raised: $318.75M
- Founded Year: 2015
- Joined Unicorn Club: 12/15/2021
- Total Investors:
- Total Deal Terms: 2
- Website: https://olist.com/
11. Neon
A Brazilian digital banking platform that provides banking solutions and services for individuals.
Company Details:
- Valuation: $1.38$B
- Investors Name: Propel Venture Partners, Monashees+, BBVA
- City: Sao Paulo
- Industry: Fintech
- Total Funding Raised: $720.42M
- Founded Year: 2016
- Joined Unicorn Club: 2/14/2022
- Total Investors:
- Total Deal Terms: 2
- Website: https://neon.com.br/
12. CargoX
A Brazilian blockchain-based logistics platform that provides logistics solutions and services for businesses.
Company Details:
- Valuation: $1$B
- Investors Name: Valor Capital Group, Lightrock, Softbank Group
- City: Sao Paulo
- Industry: Supply chain, logistics, & delivery
- Total Funding Raised: $377.93M
- Founded Year: 2015
- Joined Unicorn Club: 10/21/2021
- Total Investors:
- Total Deal Terms: 3
- Website: https://cargox.io/
13. Unico
A Brazilian real estate investment platform that provides real estate investment solutions and services for investors.
Company Details:
- Valuation: $1$B
- Investors Name: Big Bets, General Atlantic, SOFTBANK Latin America Ventures
- City: Sao Paulo
- Industry: Artificial intelligence
- Total Funding Raised: $235.94M
- Founded Year: 2007
- Joined Unicorn Club: 8/3/2021
- Total Investors:
- Total Deal Terms: 1
- Website: https://unico.com.br/
14. MadeiraMadeira
A Brazilian online home goods and furniture store that provides home goods and furniture solutions and services for individuals.
Company Details:
- Valuation: $1$B
- Investors Name: Flybridge Capital Partners, SoftBank Group, Monashees+
- City: Parana
- Industry: E-commerce & direct-to-consumer
- Total Funding Raised: $304.58M
- Founded Year: 2009
- Joined Unicorn Club: 1/7/2021
- Total Investors:
- Total Deal Terms: 2
- Website: https://www.madeiramadeira.com.br/
15. EBANX
A Brazilian fintech company that provides payment solutions and services for businesses and consumers in Latin America.
Company Details:
- Valuation: $1$B
- Investors Name: FTV Capital, Endeavor
- City: Curitiba
- Industry: Fintech
- Total Funding Raised: $460M
- Founded Year: 2012
- Joined Unicorn Club: 10/16/2019
- Total Investors:
- Total Deal Terms: 1
- Website: https://www.ebanx.com/
16. iFood
A Brazilian online food ordering and delivery platform that provides food ordering and delivery solutions and services for individuals.
Company Details:
- Valuation: $1$B
- Investors Name: Movile, Just Eat, Naspers
- City: Osasco
- Industry: Supply chain, logistics, & delivery
- Total Funding Raised: $591.86M
- Founded Year: 2011
- Joined Unicorn Club: 11/13/2018
- Total Investors:
- Total Deal Terms: 2
- Website: https://www.ifood.com.br/
17. Movile
A Brazilian mobile technology company that provides mobile technology solutions and services for businesses.
Company Details:
- Valuation: $1$B
- Investors Name: Innova Capital – FIP, 3G Capital Management, Prosus Ventures
- City: Sao Paulo
- Industry: Mobile & telecommunications
- Total Funding Raised: $394M
- Founded Year: 1998
- Joined Unicorn Club: 7/12/2018
- Total Investors:
- Total Deal Terms: –
- Website: https://movile.com/
Conclusion
So, these 17 unicorn companies in Brazil have achieved great success and are making an impact in their respective industries. Whether you’re an investor or a business enthusiast, these companies are definitely worth watching in the future.