There are more than 20,000 technology companies in Latin America. As of 2019, 37 unicorns had been generated, and another 15 are currently in the process of formation. The boiling point of this segment, in a favorable situation due to the acceleration caused by the pandemic, contrasts with a common difficulty: they need capital to grow, with increasingly shorter investment cycles. The so-called “late stage funding” refers to the companies' advanced stage financing process. Unlike "early stage founding", with investment rounds of between US$2 million and US$50 million, this second instance requires a capitalization of US$50 million to US$1 billion. As Rafael Steinhauser, former president of Qualcomm Latin America, explained to Convergencialatina, “at a certain moment, it is more worth going public, because raising money is easier and at lower cost and conditions. That happens from approximately US$300 million market value”.