[Article] Thinking Beyond Borders: Highlighting LATAM and Turkey
Brush up on your Spanish, Turkish and cross-cultural literacy because cross-border business is booming. Our global expansion business keeps pace as technology and gaming entrepreneurs and investment funds tap into our experience building companies in new markets. NDS Cognitive Labs, our client in Mexico, gives us a front-row seat to the technology boom in LATAM. At the same time, Spyke Games provides insight into Turkey’s exploding technology, gaming and fintech ecosystem.
NDS Cognitive Labs, headquartered in Mexico, creates and implements sophisticated technologies and provides technical talent to LATAM’s exploding middle-market and startup ecosystem. Our insights into Turkey continue as we work with Spyke Games, and through Nicole’s experience working for Peak Games and launching the Earlybird Venture Capital (Digital East) investment fund there.
Here are a few growth stats to note:
In 2021, $20 billion of venture capital was invested in LATAM, four times as much as in 2019 (the Economist). There are 27 unicorns today, up from 4 in 2018. The value of the tech sector ballooned from $7 billion in 2010, to $221 billion in 2020.
Meanwhile, the Turkish gaming ecosystem is exploding with prancing unicorns (Peak Games) and a game developer pool that is supporting their global gaming expansion. In Turkey, active startup accelerators went from 6 to 57 from 2010 to 2019 with fintech being one of the fast-growing sectors.
Proving there are no geographic boundaries to imagination. Want to talk about global expansion? Get in touch with us.
About Outfront Solutions
Outfront Solutions is a branding and marketing firm that positions organizations for growth, investment and acquisition. From startup to IPO, Outfront Solutions founders have launched companies and products, supported M&As, and put brands, products, and people on the map. We have managed 8-figure budgets for our clients on multiple continents with globally distributed teams, generated thousands of media placements, attracted funding, and invested in new ventures.
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