billion dollar companies, Brazilian Unicorns
In Brazil we already have billion dollar companies, better known as Brazilian unicorns. We are talking about corporations that started as small businesses and achieved exponential growth in capital and return in a consolidated manner.
We must remember that, in 2013, US investor Aileen Lee coined the term “unicorns” to refer to startups valued at over R$1 billion.
This term has gained great popularity and in 2017, Brazil began to recognize its first small, large billion-dollar corporations.
Brazilian unicorns
When we talk about Brazilian unicorns, we can say that Brazil is among the 10 countries with the highest number of startups valued above the 1 billion dollar line.
According to data from StartupBase, Brazil has 16 unicorns, one company on its way to becoming a unicorn and 13,465 startups across the country.
Considering the market of the most valued startups in the world, we have the Brazilian fintech, Nubank, with consolidated capital of 25 billion dollars.
Considering data from CB Insights for the year 2021, the billion-dollar startup market is quite booming all over the world, and the same is true in Brazil.
Worldwide, there are 546 unicorns with a combined capital of 1.817 billion dollars.
Considering the South American continent, Brazil is considered the center of the large markets of the startup ecosystem. With more than 10 unicorns, the country is becoming a favorable environment for these types of companies.
When we talk about Brazilian startups that became billionaires, we can mention the brands 99, Nubank, Movile, Gympass, Loggi, Quinto Andar, Ebanx, Wildlife, Loft, Vtex and Creditas.
We are talking about businesses that scale in their markets and have reached billion-dollar valuations by raising venture capital and private equity.
Soonicorns
Soonicorns refer to the group of startups that have raised hundreds of millions of dollars in funding. In this case, they are companies that have gone beyond the ideation stage and have already achieved key positive performance milestones in their markets.
When we evaluate the most valuable companies in Brazil that started as startups, we can see that they are dedicated to emerging markets such as delivery, financial services, digital banking services and information technology.
The company Nubank, for example, in addition to becoming an important digital bank in the country, has also become a very popular digital bank.
Conclusion
Currently, we can explain that Brazilian billion-dollar startups are always looking for renewal and innovation to maintain balanced growth.
These are companies that are always looking to grow and, at the same time, recruit good professionals who are skilled in creating and generating solutions.
In the future, it is expected that new companies will emerge in this format to enhance the Brazilian economy. Startups are generally companies managed by young entrepreneurs, but each model can be executed by entrepreneurs of different age groups and profiles.
The truth is that the number of Brazilian unicorns is growing every day and the trend is for these companies to continue making a difference.