Analysts have noted that unprecedented numbers of startups in Brazil are beginning to look at expanding beyond their country’s borders this year.
As a general rule, startups in Brazil have historically found growing within their own borders enough of a task, given the 210 million-strong population, let alone abroad. As a result, Brazilian startups have tended to resort to bootstrapping, as investment capital has traditionally been difficult to obtain.
The country’s emerging middle class, along with the huge amount of enthusiasm for social media, has provided the perfect environment for startups to grow on home territory.
However, according to Tech Crunch, dozens of startups have confirmed their interest in expanding their business models globally, focusing on the US and beyond. This coincides with the gradual end of Brazil’s economic recession after three years of financial turmoil, as GDP grew by 1% last year.