Summary
Colombia's tech scene is growing, led by companies like Rappi and Foodology. However, many start-ups are struggling to find funding as investment in Latin America has slowed.
Key Facts
- Rappi, a Colombian delivery platform, is valued at over $5 billion, with more than 35 million active users.
- Colombia has around 2,100 start-ups, making it one of the top start-up ecosystems in Latin America after Brazil.
- Almost 80% of these start-ups are at an early stage of development.
- Foodology, a virtual restaurant company, has raised over $60 million and expanded to Mexico and Peru.
- Investment in Latin American start-ups surged between 2021 and 2022 but has since slowed.
- Despite the slowdown, Colombia remains a significant hub for emerging tech businesses.
