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Number of technology companies in Brazil is growing rapidly – they invoice US$76 billion

RIO DE JANEIRO, BRAZIL - The number of technology companies has skyrocketed in recent years, and in 2020 there was a record opening and billing of businesses in the sector, according to data from a survey conducted by the Associação Catarinense de Tecnologia (ACATE) in partnership with Neoway.

The Tech Report, a study by the two companies, shows that the turnover of technology companies in 2020 was R$426.9 billion (US$76 billion), which is equivalent to 5.6% of the national GDP.

In total, there were 85,000 tech companies founded last year, a jump of 55% compared . . .

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