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Medellin: A Booming Startup and VC Ecosystem

Medellin, Colombia, is quickly becoming a hub for startups and venture capital. Its unique combination of talent, resources, and culture has attracted entrepreneurs from all over the world and has created a robust and vibrant startup and venture capital ecosystem.

In recent years, Medellin has seen a surge in startup activity and investments, with the number of venture capital deals increasing from 11 in 2014 to 54 in 2020. High profile success stories such as Rappi, a food delivery startup that raised $1 billion in funding in 2020, are indicative of Medellin's potential as a tech hub.

The city has a vibrant and supportive startup ecosystem, with a large pool of local and international talent, access to capital, and a strong entrepreneurial spirit. In addition, the local government has been supportive of the startup community, providing incentives and tax breaks for startups and venture capitalists alike.

Notable success stories

Rappi is one of the most successful startups to have come out of Medellin. Founded in 2015, the company has grown to become a major player in the Latin American food delivery industry, with a valuation of over $3 billion. Rappi has attracted investments from the likes of SoftBank, DST Global, and Tiger Global.

Another notable startup success story is Olx, which is an online platform for buying and selling used goods. Founded in 2006, Olx is now a major player in the global marketplace and has raised $700 million in capital. The company's founders are from Medellin and have become well-known in the city for their success.

Notable venture capital investors

Medellin is home to some of the most prominent venture capital investors in Latin America. These include SoftBank, DST Global, and Tiger Global, all of which have invested in successful startups from the city. There are also many local venture capital investors, such as the Colombian Venture Capital Association (CVCA), which provide capital and support for startups in the region.


Medellin is home to a variety of initiatives designed to support the local startup and venture capital ecosystem. These include the Colombia Fintech Association, which provides a platform for fintech startups to connect and collaborate, and the Medellin Startup Academy, which offers workshops and courses to help entrepreneurs develop their startups.

The city is also home to a variety of accelerators and incubators that offer a range of services to help entrepreneurs launch their startups. These include InCube Labs, Start-Up Medellin, and the Business Incubator of Medellin (BIM).

Finally, the local government has introduced programs such as the Medellin Startup Visa, which provides resources and support for entrepreneurs from outside of the city to establish businesses in the region.

Medellin's startup and venture capital ecosystem is rapidly growing, and the city is quickly becoming one of the most

As a Scout, You Can...


Kickstart Your Venture Capital Career

Showing your skills in picking successful startups and advising founders is the surest way to build your reputation and secure a venture capital role.

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Help Your Ecosystem Thrive

Your community, region, or group thrives when its founders are given the chance to succeed before going back and reinvesting in their comunities.

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Earn a Share in Startups Without Investing in Them

Earn a share in startups you scout without the funds to invest directly just like a VC partner.

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Monetise Your Content & Community

As a podcaster, community manager, or event organiser you have a front-row seat to interesting startups which you can monetise by helping them fundraise.

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Create a Fairer Society

By identifying under-represented founders you're level the playing field for anyone to success based on merit independent from their social or ethnic background.

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Help Friends Get Funded

Help your friends who are neck-deep in their startups get the funding they need to succeed.

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Grow Your Personal Brand

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Available Programs

Startup Investor?

Invest in the future of Medellin and discover deals from individuals, startups, and innovations coming out of one of the most dynamic cities in the world. Get access to dealflow opportunities today.

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Do you interview founders &ย startups? Take your conversation insights to the next level by scouting your favourite podcast guests.

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Co-Working Space Organiser

Do you help run a co-working space as an organiser or a greeter? Do you come across interesting entrepreneurs and startups?

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Event Organiser

Do you organise an event, conference, or trade show? Help your founder attendees get discovered.

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Are you active in the entrepreneurship club at your college? Doing an MBA? Or are you a PHDย student at a technical university? Help your fellow students get funded.

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