This September Brazil reached the mark of ten unicorns, which is the term given for privately held companies with valuation that exceed USD1 billion and that belong to the so-called new economy, marked by innovation, transformation and disruption. Such milestone demonstrates the vitality of the Brazilian innovation and venture capital markets and serves as an stimulus for entrepreneurs to move on the belief that they can make the difference with product ideas and solutions that are transformative to our daily life. Also, this also brings Brazil to one of the leading positions in this arena. The Brazilian unicorns so far are: 5º Andar, 99, Arco, Ifood, Gympass, Loggi, Nubank, Movile, PagSeguro and Stone.

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