Everything you need to know about Chile’s startup scene

Chile Startup Guide

Source: Pixabay

While Mexico’s startup scene is awesome, it’s not the only cool Latin American startup hub. There’s Chile, Argentina, Brazil, Colombia and more! And in about 3 months, Josh and I will depart Mexico and visit Chile. So on that note, I’m thrilled to let you know that the community and I got together and wrote this Chile Startup Guide for you!

In this post, you will find:

If there’s something missing, leave a reply and I’ll update the post periodically.

What everyone needs to know about Chile’s startup scene

Source: CBInsights
Source: Stastista

💰 Interested in learning more about the startup-VC opportunity that lies in LATAM? Read this post.

🗞 Want to follow or join my journey through LATAM’s hottest startup hubs? Subscribe to my newsletter here.

🗓 Want to meet-up with the Chile startup community for coffee in Santiago, Chile? RSVP here.

Why Chile will attract investors and founders alike

So, why would you go to Chile? The TL;DR is Chile has a stable economy and wants you to become a founder in Chile! For investors: I love that they are an *underestimated market, cost of living is low, talent abundant, and that they’re women-friendly.

Source: LivingCost.org

*Underestimated markets: underestimated markets tend to be markets that are not the US or of the original colonizer countries but have the potential to become the world’s startup-VC leaders.

Underestimated founders: founders who can build unicorns but are looked over because they don’t fit the stereotypical Silicon Valley mold (Nathan Lustig — Underestimated founders article)

Underestimated GPs: Underestimated GPs are those who can build funds that will return alpha but are looked over because they don’t fit the stereotypical Silicon Valley mold (or the equivalent in other geographies).

Chile is cool, right?! Let’s learn more below.

Chile founders and startups to watch

Founders to watch

Startups to watch

For more, look at Failory’s list of the 17 Fastest Growing Startups Founded in Chile. Also, here is LatamList’s 10 Chilean Startups to Watch in 2020.

Chile startups with exits

The number of exits completed by startups accelerated by Start-Up Chile reached 25 as of mid-2021.

Start-Up Chile has begun to see a few of its incubated startups get acquired, including:

Chile investors

According to Startup-Chile’s data, the top most active investors in Chile include: Kaszek Ventures, Startup-Chile and Aurus.

Source: Startup-Chile

Chile-based VCs

International VC

* If you see an asterisk, they were called out to be most active by the community.

Chile accelerators

Chile co-working spaces

Source: Google Maps

Santiago

Additional reading

Community contributors 🙌🏽 Thank you to all contributors: Josh Taub, Alex González Ormerod, Carlos Javier Scheuch, Nicolas Bernal, Chaitanya Ravi, Fer Díaz, Pedro del Campo, Leonardo Barrientos, Ezequiel Martín, Antonia Rojas, Funke, Patrick Alex and anonymous contributors!

Author Lolita Taub is a stealth mode GP and Scout at Lightspeed Venture Partners, where she invests in community-driven companies. With 15 years working within the Silicon Valley ecosystem, she has accomplished $70M+ in sales and made 70+ investments as an angel investor and VC at Backstage Capital and The Community Fund. Lolita is also a Co-Founder of the Startup-Investor Matching Tool, the GP-LP Matching Tool, and LaaS. Forbes and Inc Magazine have featured her as a woman promoting investment in underestimated founders and funders. She has a BA from the University of Southern California and an MBA from the IE Business School. Most importantly, she is a dog mom to the cutest Dachshund mix, Choco.

About investing in community-driven cos + supporting our underestimated founder/investor fam. @lolitataub

About investing in community-driven cos + supporting our underestimated founder/investor fam. @lolitataub