BOGOTÁ, Colombia, April 18,
2024 /PRNewswire/ -- In celebration of Miami Tech
Month, the city of Miami is
hosting a variety of events, welcoming venture capitalists,
entrepreneurs, and technology innovators from around the globe.
During this week, the city hosted Startup OLÉ, one of
Europe's largest tech-startup
ecosystem events; VC Latam Summit, which brings together key
investors and venture capital firms from Latin America; and eMerge Americas, a major
annual two-day tech conference that gathers more than 20,000
attendees.
Since the pandemic, numerous US investors have relocated to
Miami, transforming it into a
crucial hub linking Latin American and US investors. This fosters
exploration of growth opportunities in startups and innovative
companies, capitalizing on Miami's
skilled bilingual workforce and innovative culture.
The capital of Colombia is
an epicenter of entrepreneurship
The capital of Colombia is
emerging as a leading destination for venture capital investment.
The city ranks third in venture investment activity in Latin America, preceded only by Sao Paulo and Mexico
City. Its entrepreneurial ecosystem is constantly evolving
and is recognized as the third Emerging Tech Ecosystem by Dealroom
and the third most prominent entrepreneurial ecosystem in
Latin America according to
StartupBlink.
In Colombia, over 1,300
startups are rapidly growing, driven by increased internet and
technology access and support from leading accelerators like
Techstars and Y Combinator, interest from global investment funds,
and a growing entrepreneurial culture.
"Colombia shines with resilient
entrepreneurs and increasing venture capital investments,
establishing itself as a highly competitive regional
entrepreneurship ecosystem. In 2023, Colombian entrepreneurs raised
approximately USD 647 million through
various mechanisms such as venture capital funds, angel investors,
accelerators, family offices, and corporations," noted Isabella
Muñoz, Executive Director of Invest in Bogota." The Corporation plays a pivotal role
in promoting the city during this significant week for startups in
Miami.
The city leads the venture capital ecosystem in Colombia. It is home to the highest number of
financing rounds (88 rounds) and capital raised in the country,
accounting for 75% of the national total—USD 486 million, according
to the latest report by Invest in Bogota for 2023.
US venture capital funds have considerable experience investing
in Colombian startups, particularly those based in Bogota. In 2019, Softbank made history with a
USD 1 billion investment in Rappi,
the largest single investment in a Latin American tech startup.
Other notable investors include Tiger Global Management, Quona
Capital, and 8VC, among others.
#MiamiTech
www.investinbogota.org
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SOURCE Invest in Bogota