Brazil dominates Latin America’s unicorn ranking

Brazilian digital bank Nubank ranked 11th in CB Insights' ranking of the world's most valued startups.

RIO DE JANEIRO, BRAZIL - The pandemic fueled the growth of digital platforms that offer quick and necessary solutions in the midst of the crisis. With the increased supply of venture capital for entrepreneurs in recent years has come a flood of unicorn startups that quickly scale to over US$1 billion.

According to the most recent CB Insights ranking of the world's most valued startups, at the beginning of April this year, 650 companies were added to the list of unicorns, with the presence of a "decacorn", valued at more than US$10 billion and a "hectocorn" of more . . .

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