Technology

The Latinx-founded companies on Y Combinator's list

Together, these companies have raised $2.2 billion so far

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  • The list has 153 startups, 67 are based in the US;
  • Quero Education, Faire, and Grin got featured on the list.

Y Combinator, an American seed money startup accelerator, released a new list on Latinx-founded companies – together with Black- and Women-founded names.

The list (available here) has 153 startups and about 43% of them (67) are based in the U.S.

READ ALSO: More than ten Brazilian startups recently raised $2 million in funding in San Francisco Bay Area

Together, the companies have a combined valuation of $8.03 billion and have raised $2.2 billion so far (according to data provided by the companies themselves).

Among the top 100 listed by Y Combinators, five are Latinx-founded: Quero Educação, Rappi, Brex, Faire, and Grin.

The last one focused on electric scooters merged with the Brazilian Yellow in early 2019, but it has closed its operations in most Latin American cities since then. In June, it was bought by Felipe Henríquez, co-founder of the Mountain Nazca group, a fund that has in its portfolio companies such as Peixe Urbano and Groupon LatAm.

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