The reasons for slowdown
As indicated from the specialized platform, the reduced availability of venture capital is one of the main causes what motivated this slowdown. For their growth, startups depend on a dynamic investment market to finance its expansion.
Within the framework of interest rate increases by the major central banks of the worldduring 2022 a was presented challenging scenario for startups when trying to inject capital and, thus, increase their valuations.
What are the new unicorns?
Regarding companies created in Argentinathere was only one that reached this category, it was fintech Technisys. This company achieved the coveted status in February of 2022. It was one of seven in the fintech sector, the main creator of unicorns in the regionwhich they did.
The fintechs neon and dock They are the 2 Brazilian representatives of this select group. They reached this category in February and May respectively. Brazil It is the country in the region that is home to the largest number of unicorns and 2022 turned out to be an unprolific year for such companies in that country.
On the other hand, 4 of the 10 new unicorns in Latin America are Mexican. In the case of Mexico, it is Jeeves, Stori and Yaydoothree companies of financial technology (fintech), and one of logistics technology (logtech), call nowports.
Among the 10 companies that reached the value of US$1,000 million, there is also a chilean startup call betterflydedicated to the sector of insurance. Also an Ecuadorian, kushkiwhich reached the category in June of last year.
Source: Ambito
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