The entrepreneurial ecosystem of Bogotá is the most important in Colombia

  • 74% of the startups that have raised capital in the country are from Bogotá-Region, being the most attractive destination for venture capital investors. These companies have obtained an investment close to USD $1.24 billion through its participation in 77.3% of the total investment rounds carried out throughout Colombia.

BOGOTA, Colombia, January 17, 2023 /PRNewswire/ — The emerging companies that make up the entrepreneurship ecosystem in Bogotá-Region managed to obtain close to USD $1.24 billion of foreign and local investors, through participation in 85 of the 110 investment rounds in the country, which positions this ecosystem of the city as the most important in Colombia. This was revealed by Invest in Bogota report on capital raising for technology-based ventures in Bogotá-Region, which analyzes the behavior of foreign and national capital invested in the third quarter of this year.

“74% of the Colombian ventures that have raised capital in 2022 are startups from the Bogotá-Region. Through 85 investment rounds, these companies have raised close to $1.24 billion; figure that represents 89.5% of the total capital raised in Colombiaconsolidating the capital as the most attractive place for venture capital investors, and positioning its entrepreneurial ecosystem as the most important in the country”, says Isabella Muñoz, executive director of Invest in Bogota.

In the third quarter of 2022 there is a significant drop in the number of investment rounds carried out, compared to the first two quarters of the year. This particularity is explained by the slowdown of the world economy, uncertainty and high interest rates. However, the amount collected increased 12.3% compared to the third quarter of last year, going from USD $1,104 million to USD $1.24 billion.

Likewise, within the results presented in the report, the Fintech sector is the one that is rebounding in the acquisition of capital in Bogotá-Region. Of the 85 rounds carried out in the Colombian capital in the indicated period (Q3), Fintech companies participated in 31, raising more than 472 million dollars. This sector is also the one with the most startups raising capital, with 25 companies that represent 35.2% of the ventures in the capital.

It is followed by Retailtech, DeepTech and Proptech. With an average investment of USD $39 millionthe latter becomes the sector that has raised the largest amount of capital on average in each round of investment.

Regarding the country of origin of the investor in ventures in Bogotá-Region, it is recorded that in 2022 the most active have been the North Americans, who by the third quarter have invested in 44 rounds. Colombian investors are the second most active, having participated in 15 transactions, followed by investors from Mexico (eleven), Brazil (eleven), Swiss (23) and Germany (8).

SOURCE Invest in Bogota

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