Startups in Argentina – statistics & facts

A diverse entrepreneurial ecosystem

From artificial intelligence to government technology, entrepreneurial diversity can indicate some of the core strengths of Argentina's growing startup environment. Fintech startups range across nine different sectors in Argentina, with 24 percent focused on digital payments and 22 percent concentrated on lending activities. Most notably, Ualá, a personal finance management app, accumulated nearly 200 million U.S. dollars in investments as of December 2020, making it one of the most successful startups at fundraising in Latin America. Similarly, Agrofy, an agricultural e-commerce platform, has attracted approximately 26 million U.S. dollars, the third-largest funding collected by leading agricultural technology startups in the region. And these are just two examples of how the Argentine startup economy is emerging as a robust competitor in the South American market.

The Argentine approach towards venture capitalism

Venture capitalist investors remain vigilant yet optimistic about the innovative potential of Argentine startups. In fact, the country’s long-lasting economic crisis does not seem to impede the founding of domestic venture capital firms. In July 2020, NXTP Ventures, a venture capital (VC) firm headquartered in Buenos Aires, was one of the largest startup investors with a management portfolio of at least 130 investments. Kaszek Ventures, another Argentine VC firm with offices in São Paulo and Montevideo, manages five funds and a total of 70 investments as of mid-2020. Ultimately, as Argentina's economic environment becomes increasingly hospitable for entrepreneurs, the conditions for developing startups are supported by an eager and growing investor market.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.