2022 | StartupBlink View the Global Startup Map p. 138 In addition, Brazil could benefit from further developing startup ecosystems in more cities across the country to foster innovation outside of Brazil's major hubs. Considering the vast potential of the market and a population of more than 200 million people, Brazil’s tech ecosystem meets all the prerequisites for rapid growth. This is demonstrated by a growing number of unicorns, most of which cater to the local market. We can only hope the pro-business climate endures while Brazil maintains, protects, and leverages the unique natural resources of this beautiful country to expand the reach of its startups beyond the local market. Notable Startups and Ecosystem Champions Â iFood São Paulo, Brazil iFood is an on-demand food delivery company which uses innovative technology ÂNuvemshop São Paulo, Brazil Nuvemshop provides SMBs in Latin America with the tools to set up, manage, and promote their online business. ÂMadeiraMadeira Curitiba, Brazil MadeiraMadeira is an online marketplace that specializes in home products. Unicorn Unicorn Unicorn Our Ecosystem Partners Our Report Partners Pantheons ÂNubank São Paulo, Brazil Nubank is a neobank and the largest financial technology bank in Latin America. ÂContabilizei Curitiba, Brazil Contabilizei is a financial back-office platform for SMBs, facilitating business formation, tax filing, and accounting. ÂContraktor Curitiba, Brazil Contraktor is a management platform that allows companies to create, negotiate, sign, and manage legal contracts.