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The Miami area alone has almost 7 million inhabitants, 43% of those are Latinos who have come to its shores over the years through immigration. This deep connection to the Latin American community and close proximity to all of the major LATAM markets makes it the perfect place for Latin American startups to relocate.
The rising share of Miami startups with Latin founders also indicates that Latinos are playing a significant role in the ecosystem's growth, providing a launch pad that inspires and supports Latin entrepreneurs and founders.
Check out our blog on the 5 reasons Why Miami is the best city for Latin American startups?
Who are some of the recent success stories from LATAM to Miami?
For most of Miami's history, its economy has been based on tourism. Now the tech ecosystem has emerged and is continuing to prosper - leading verticals include:
These sectors represent 48% of startups, 68% of the accumulated capital raised, 68% of the value and 50% of the employees in the tech ecosystem.
Miami Mayor Francis Suarez is also working to turn Miami into a hub and international leading location for crypto innovation and blockchain technology.
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