The Startup Ecosystem of Mexico

Mexico has 13 cities in the top 1000 and is one of Central America’s best countries for setting up a startup.

COUNTRY RANKING

Since 2023, Mexico lost 2 spots in the Global Startup Ecosystem Index, having now positioned itself as 37th worldwide.

Population

127.5
Million

Regional Ranking

1st
0
In Central America

Global Ranking

37th
-
2
Worldwide

Ecosystem

Startup Ecosystem Overview

aerial photo of dome building under blue sky at daytime
Mexico is one of the largest Latin American markets with a massive population of more than 135 million people, giving its startup ecosystem a massive advantage in the ability to scale startups locally. Mexico also enjoys strategic access to both the North American and South American markets. The US-China Trade War and supply chain disruptions during the pandemic led many multinationals to relocate their production facilities and engineering centers to Mexico, boosting innovation and economic growth in the country.


Mexico provides startups with various means of investment funding as well as an environment with low operating costs. The public sector has initiated several projects to support startup ecosystem growth. The government is directly involved in both the local and regional startup ecosystem through Startup México that has various different programs for startups, SMEs, and corporations mainly focused on boosting innovation. Another forward-thinking government initiative is the Fintech Law, which aims to fill regulatory gaps and provide greater clarity for firms operating in legal gray areas.

The ecosystem also enjoys some support from local governments in Mexico. For instance, Chihuahua supports its local ecosystem through Startup Chihuahua. The organization aims to promote entrepreneurship, science, technology. Another local government initiative comes from the Guanajuato State Government, which announced a public strategy to promote entrepreneurship among key stakeholders to become the Valley of the Mind Manufacturing. Moreover, the Guadalajara Metropolitan area will soon become the base for The Digital Creative City (CCD), a hub for digital media projects.

The public sector efforts are accompanied by the interest of international investors. Sequoia Capital, Andreessen Horowitz, and 500 Global are all actively looking to invest in the budding startup ecosystem of Mexico. As a result of this tight-knit startup community, the country has been producing unicorn after unicorn since 2020. Mexico can now showcase plenty of success stories, such as Kavak at US$ 4 billion, as well as Clip and Bitso. This proves that investors are taking note of the potential of Mexico’s startup ecosystems and the efforts of ecosystem developers are paying off.

Startups

Mexico Top Startup Industries

Fintech icon
Fintech
#20 worldwide

126 startups

Ecommerce & Retail icon
Ecommerce & Retail
#25 worldwide

115 startups

Transportation icon
Transportation
#27 worldwide

70 startups

Ecosystem HealthCheck

Mexico Ecosystem Health Check

The health check tables allow you to look at the performance Mexico 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...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
ParameterParameter Global rankParameter rank change since 2022ResultContribution to total scoreRank gain / loss due to parameter
Total Score37-25.94100%0
Quantity Score52-20.81213.67%-2
Sample size of startups28144213.18%-4
Sample size of accelerators2413310%-1
Sample size of coworking spaces12-14940%0
Community Score45N/A0.0290.49%0

ECOSYSTEM

Browse the startup ecosystem database of Mexico

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Ecosystem

The Startup Ecosystem in Mexico

Our startup ecosystem map for Mexico includes a sample of 483 tech companies. We have identified as unicorns 6 startups that have passed the USD 1 billion valuations.

Global Rank

Mexico is ranked within the top 40 startup ecosystems globally.

Top Industries

Mexico’s startup scene is best represented in Fintech, Ecommerce & Retail, and in and Transportation.

Top Cities for Startups in Mexico - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2023 National Rank & Change ▲
2023 National Rank & Change City
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Global Rank & ChangeTotal Score
Access subscores for 1000 cities and 100 countries
Quantity Score
Quality ScoreBusiness Score
1st
0
48th
-
4
13.567
00.00
00.00
00.00
2nd
0
162nd
-
23
3.925
00.00
00.00
00.00
3rd
+
1
209th
+
27
2.518
00.00
00.00
00.00
4th
-
1
217th
-
15
2.436
00.00
00.00
00.00
5th
+
2
603rd
+
15
0.351
00.00
00.00
00.00
6th
0
652nd
-
56
0.306
00.00
00.00
00.00
7th
+
1
687th
-
25
0.267
00.00
00.00
00.00
8th
+
3
780th
+
123
0.204
00.00
00.00
00.00
9th
0
818th
-
51
0.189
00.00
00.00
00.00
10th
0
833rd
+
41
0.181
00.00
00.00
00.00
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Startups

Notable Startups in Mexico
Kueski startup icon
Kueski
VIVA Aerobus startup icon
VIVA Aerobus
Jüsto startup icon
Jüsto

Startups

Successful Fintech startups in Mexico
Kueski startup icon
Kueski
Konifo startup icon
Konifo
Klar startup icon
Klar

Featured Startup Ecosystems

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