A unicorn is a startup marked at USD 1 Billion or more. These are highly innovative and market disruptive startups. Uruguay has more than 2.6K+ startups. Of these, only 1 has become Unicorn.
Globally, Uruguay is number 61 in terms of total Unicorns created, behind Seychelles (1 unicorn) at rank 60 and Romania (1 unicorn) at rank 59.
Here is the detail for the unicorn created in Uruguay:
1. Dlocal
Dlocal joined the Unicorn Club on Sep 15, 2020 after raising a $***** Series D funding round led by General Atlantic.
Provider of a platform for processing payments in emerging markets. The platform offers services for payins, payouts, fraud management, and invoice collection. It supports various industries, including digital subscriptions, travel, retail, and fintech. The platform facilitates transactions in local currencies and payment methods.
Key facts about Dlocal
- Founded Year: 2016
- Location: Montevideo (Uruguay)
- Stage: Public
- Primary Sector: Payments
- Time to Unicorn: 4 years 8 months
- Top investors : General Atlantic, Bond Capital
- Total Funding till date: $350M
- Employee Count: 1,413 as on Sep 30, 2026
- Latest Funding Round: Series D, Apr 02, 2021, $*****
