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START A BUSINESS

FINANCING 

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In recent years, significant progress has been made in the development of Private Equity in Uruguay, generating a positive impact on the entrepreneurial and innovation ecosystem. Notable milestones include: the founding of URUCAP, the relocation of several tech and VC founders from the region (mainly from Argentina) to Uruguay, increased engagement from angel investors, the launch of Matching Funds (a mechanism aimed at leveraging private venture investment), and the Investment Project Portfolio by Uruguay XXI.

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With the goal of contributing to the attraction of direct foreign investment, Uruguay XXI has created a service designed to connect startups, established companies, and both public and private projects with investors or funds interested in investment opportunities in Uruguay.

 

In the case of startups and entrepreneurial ventures, they must be seeking a minimum investment of USD 200,000.

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For further information in regards to this service, click here.

 

Investment Funds

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cities

CITES is an early-stage venture capital fund that invests, accelerates, and incubates projects based on disruptive science addressing global market needs.

ic ventures

Private fund that selects startups with potential for disruption, scaling and value generation in the technology or traditional sectors where technology represents a critical opportunity for transformation.

NXTP Ventures

Venture capital fund focused on making a large-scale positive impact in Latin America by building the best ecosystem of technology entrepreneurs, mentors, investors, and corporations.

ThalesLAB-4

Incubator and company builder that supports high potential technology startups and spin-offs in early stages of development. It has a co-investment fund for blockchain and small autonomous vehicles for agriculture and industry.

tokai

Angel fund with the longest track record in the country. It has invested in 23 companies, 7 of which are 100% Uruguayan startups to which it provides mentoring, infrastructure, and board. It focuses on e-commerce, proptech and agrotech ventures, but is expanding to expert and passionate entrepreneurs from all verticals.

Globant Ventures

Globant Ventures is Globant’s investment fund that supports emerging tech startups with capital and strategic guidance.

Rou Partners

ROU Partners is a Uruguayan investment fund that supports early-stage projects, focusing on technology ventures and high-growth potential startups in Latin America.

Impacta VC

Impacta VC is a venture capital fund that supports early-stage Latin American startups, with a focus on tech innovation and social impact projects.

Sancor Seguros Ventures

Sancor Seguros Ventures is the corporate investment fund of the Sancor Seguros Group, focused on startups developing innovative solutions in insurance, health, fintech, and related technologies.

MR Pink

MrPink VC is a venture capital fund that invests in early-stage Latin American startups, with an emphasis on high-growth, technology-driven projects.

Murchison Ventures

Murchison Ventures is the corporate investment fund of the Murchison Group, focused on startups developing innovative solutions in logistics, transportation, and supply chains

Mercado Libre Funds

Mercado Libre Fund is the corporate investment fund of Mercado Libre, focused on Latin American startups that drive innovation in e-commerce, fintech, and technologies linked to the digital ecosystem.

Skywalker

Skywalker Capital is an investment firm focused on projects related to blockchain, crypto assets, and decentralized technologies on a global scale.

Eager Ventures

Eager Ventures is a venture capital fund that invests in early-stage tech startups in Latin America, supporting them through their growth and expansion.

Cencosud Ventures

Cencosud Ventures is the corporate investment fund of Cencosud, focused on startups developing innovative solutions in retail, e-commerce, logistics, and consumer-related services.

Wayra

Wayra Ventures is Telefónica’s corporate investment fund, supporting early-stage tech startups focused on connectivity, artificial intelligence, cybersecurity, and digital solutions for businesses and consumers.

iThink VC

iThink VC is an investment fund that backs early-stage Latin American startups, focusing on technological innovation and scalable business models.

Oikos

Oikos VC is a venture capital fund that supports early-stage Latin American startups, with an emphasis on technological innovation and sustainability.

Draper Startup House

Draper Startup House is a global network that combines lodging, co-working spaces, and support programs for entrepreneurs, aiming to connect startups and facilitate access to investment, mentorship, and international communities.

Kamay Ventures

Kamay Ventures is an investment fund focused on Latin American startups developing innovative solutions in mass consumption, logistics, packaging, and emerging technologies.

White Lions VC

White Lions VC is a venture capital fund that invests in early-stage Latin American startups, with a focus on technological innovation and regional growth potential.

Cibersons

Cibersons Ventures is the investment branch of Cibersons, focused on supporting startups and projects related to blockchain, crypto assets, and emerging digital technologies.

Oikocredit

Oikocredit is an international impact investment cooperative that finances projects and organizations in developing countries, with a focus on financial inclusion, sustainable agriculture, and renewable energy.

 
Seed Capital & Mentoring
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anii

The National Agency for Research and Innovation (ANII) is the government agency that promotes research and innovation in the country’s production and social areas. Among its various programs, it has funds for starting up and launching a new innovative company that meets the requirements of dedication, invoicing, months of incorporation, and, in the case of a young company, the entrepreneurs must have a majority stake in the company.

ande

The National Development Agency (ANDE) promotes the country’s development through programs aimed at improving business and territorial competitiveness, with a focus on micro, small and medium-sized enterprises. Its Seed program is a non-reimbursable fund that seeks to launch or strengthen enterprises, products, services, processes and/or forms of commercialization that have differential value, dynamic growth potential and job creation opportunities.

endevor

Endeavor is the leading organization in the global movement of high-impact entrepreneurs. It selects and supports great entrepreneurs so they can grow, impact, and drive economic growth. In Uruguay, it provides advisory, mentoring, acceleration, and networking services.

socialab

International foundation that in Uruguay provides support and tools to entrepreneurs to validate their idea both technically and commercially, in a pre-incubation stage, where they receive training in business models, financial planning, budgeting, impact measurement, among others. At the end of the process, they develop a minimum viable product and make a first sale.

 

More information available at: www.uruguayemprendedor.uy

Development Banks and Venture Capital

Bid Lab

Innovation lab of the Inter-American Development Bank.

CAF

Latin American development bank that funds infrastructure and innovation initiatives.

Urucap

Uruguayan Private Equity Association, bringing together venture capital investors and investment funds.

 
SUPPORTS FOR ENTREPRENEURS

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Meet the main institutions of the ecosystem

ACCELERATORS & INCUBATORS

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Existing support for the different stages of the enterprises.

Check the steps to set up a company in Uruguay.

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