We are thrilled to announce that selected insights from the Global Startup Ecosystem Report 2023 (GSER 2023) are now available in Spanish, made possible through our partnership with Endeavor Chile. Underscoring a commitment to global collaboration and knowledge exchange within the vibrant landscape of entrepreneurship, this partnership provides Spanish-speaking audiences with an understanding of the dynamics, challenges, and opportunities that define the world of startups.

Kathleen Barclay, President of Endeavor Chile, emphasizes the pivotal role of startups and scaleups in transforming economies. “Our experience has shown us that when economies become more complex, it is the scaleups that move the needle, becoming the cornerstone of growth, dynamism and innovation, especially in emerging economies,” she says.

Highlights from Latin America:

• Latin America experienced a 143% increase in Series B+ amount in the period 2018–2022.
• Mexico City has held steady in the 41–50 range in the Emerging Ecosystem ranking, of which it is the highest-ranked ecosystem in the region. Car-trading platform Kavak produced Latin America’s biggest deal in the GSER 2023 timeframe, a September 2021 $700 million Series E round.
• Buenos Aires moved up to the 51–60 range in the Emerging Ecosystem ranking, buoyed by a 70% increase in Ecosystem Value and a 100% increase in the number of exits over $50 million, with highest-valued unicorn Nuvemshop valued at $3.1 billion.
• Bogotá has moved up to the 61–70 range in the Emerging Ecosystem ranking, partially due to a 37% increase in Ecosystem Value fueled by the consumer tech company Rappi, which is valued at $5.25 billion, as well as Proptech platform Habi, which became a unicorn in 2022.

About our local translation partner, Endeavor Chile:

Endeavor Chile, the network of, by, and for entrepreneurs, was founded 25 years ago. Thanks to a handful of entrepreneurs convinced of the benefits of giving back to society, together with a pay it forward philosophy, Endeavor has grown to other latitudes, helping entrepreneurs to continue dreaming big. Convinced that startups and scaleups transform economies, Endeavor’s mission is to help expand thriving entrepreneurial ecosystems in more than 40 markets around the world. In that sense, as a non-profit organization, Endeavour’s purpose is not to be a mere witness of their evolution, but to actively participate as an ecosystem builder.