Brazil has 28 cities in the top 1000 and is one of the leading startup hubs in South America.
Since 2023, Brazil lost 1 spot in the Global Startup Ecosystem Index, having now positioned itself as 27th worldwide.
Brazil is a leading Latin American startup economy due to its massive size and market potential. The country has earned its place on the map with plenty of unicorns, such as Nuvemshop, Olist, and MadeiraMadeira. Large corporations contribute to the favorable startup climate by providing accelerator programs and incubators as well as strong funding opportunities. Headquartered within the ecosystem is Nubank, the largest financial technology bank in Latin America and one of the world’s largest digital financial services platforms. As of 2023, the bank was reported to have 80 million customers across Brazil, Mexico and Colombia, representing a 33% increase in its customer base.
406 startups
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The health check tables allow you to look at the performance Brazil has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
Brazil is ranked within the top 30 startup ecosystems globally.
Brazil’s startup scene is best represented in Fintech, Ecommerce & Retail, and in and Transportation.
2023 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business Score |
---|---|---|---|---|---|---|
1st 0 | 17th - 1 | 34.831 | 00.00 | 00.00 | 00.00 | |
2nd 0 | 140th + 1 | 5.029 | 00.00 | 00.00 | 00.00 | |
3rd 0 | 145th + 35 | 4.498 | 00.00 | 00.00 | 00.00 | |
4th 0 | 187th + 28 | 3.241 | 00.00 | 00.00 | 00.00 | |
5th 0 | 215th + 25 | 2.444 | 00.00 | 00.00 | 00.00 | |
6th 0 | 296th + 26 | 1.390 | 00.00 | 00.00 | 00.00 | |
7th 0 | 452nd + 16 | 0.652 | 00.00 | 00.00 | 00.00 | |
8th 0 | 463rd + 57 | 0.581 | 00.00 | 00.00 | 00.00 | |
9th 0 | 487th + 82 | 0.522 | 00.00 | 00.00 | 00.00 | |
10th 0 | 492nd + 108 | 0.517 | 00.00 | 00.00 | 00.00 |
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