Cube Ventures aims to boost the Latin American startup ecosystem | Photo: Cube Ventures
In a context where startups play a pivotal role in the economic reinvention of Latin America, it’s impossible to overlook the magnitude of their impact. These budding tech companies are not just the spark of innovation but have also turned into engines of productivity and generators of high-quality jobs.
To continue fostering this wave of innovation and growth, Cube Ventures, renowned for its active role in accelerating startups in early stages, has formed a strategic alliance with Innogen, a pioneer in the venture capital world in El Salvador. This new bond aims not only to strengthen the entrepreneurial ecosystem but also to expand the geographical reach of both companies and open doors to new investment opportunities.
At the helm of Cube Ventures, Santiago Rojas Montoya shared his enthusiasm for this collaboration, emphasizing the company’s commitment to Latin America and how, through investment and training, they aim to transform the lives of millions.
“Joining forces with Innogen allows us to reach uncharted regions of Central America, thus broadening investment possibilities and granting startups in our portfolio access to a wider horizon,” Montoya expressed.
On the other hand, Christian Quinonez, a co-founder of Innogen, highlighted the significance of venturing into the Colombian market, a territory teeming with talent and opportunities.
“Working with Cube Ventures provides us with an unparalleled platform to support those entrepreneurs who are transforming Latin American realities,” Quinonez pointed out.
According to the study from StartupBlink, which analyzed startup ecosystems in a thousand countries, Colombia ranks at an impressive 40th place globally. This underscores the country’s favorable environment for establishing and growing new businesses and the appeal it holds for investors. This is further corroborated by data published by Statista, stating that 28% of the Colombian population is engaged in some activity or work related to startups.
On the other hand, although El Salvador is still in an early phase concerning startup investment, the country is taking firm steps towards understanding and embracing this long-term, innovation-based investment model.
The findings from a global consulting firm, McKinsey research study, are promising. The report underscores the meteoric growth of startups in Latin America, many of which have reached valuations over a billion dollars, backed by venture capital funds.
The collaboration between Cube Ventures and Innogen holds grand aspirations. Their goal is to create a bridge of opportunities for startups seeking financing while fostering an environment of exchange and learning.
