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From Niche to Powerhouse: Santa Catarina Now Second in Brazil for Tech Revenue Per Resident

Summary by The Rio Times
Santa Catarina, a small southern state with 7.6 million residents, has become Brazil’s fifth-largest technology market. The sector generated R$ 42.5 billion (~$7.7 billion) in 2024, surpassing Rio Grande do Sul in revenue. ACATE’s Observatório published the data during Startup Summit in Florianópolis on August 27–29, 2025. The achievement is striking when scaled. Santa Catarina […]

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The Rio Times broke the news in Brazil on Friday, August 29, 2025.
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