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Analysis: Ecosystems in Peru and Ecuador still fail to turn startups into unicorns

RIO DE JANEIRO, BRAZIL - According to research by venture capital firm ALLVP, these countries, unlike other Latin American nations, only have no more than two candidate companies that aspire to a valuation of more than US$1 billion.

The reasons? The gap in access to financing, little or no government support, and more innovation-heavy ventures.

Latin America has become the cradle of startups that in the last year -many of them driven by the pandemic- have managed to take that longed-for leap and become unicorns.

According to a survey, conducted by The News website, the list of the . . .

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