Chile's Top 10 Startups That Tech Professionals Should Watch Out For in 2024

Chile's tech scene is absolutely blowing up right now, and startups are a huge part of that success story.

By 2024, the country is expected to have around 475 active startups, including two unicorns, NotCo and Betterfly. These innovative companies are not just making waves locally but also attracting global attention and funding.

Key players like Globant Chile, a leading software development firm, are helping drive Chile's tech growth.

With a focus on cutting-edge technologies like AI, cloud computing, and cybersecurity, these companies are disrupting industries and creating exciting career opportunities.

The government's support through initiatives like Start-Up Chile and a growing talent pool of skilled developers make Chile's tech hub a force to be reckoned with.

As highly sought-after skills like Java, Python, and React become more in demand, Chile is positioning itself as a major player in the global tech arena.

Picking Chile's top 10 startups for 2024 was no easy task. We had to get real with the criteria and scope out the ones that were truly innovative, well-funded, and had major impact potential.

We delved deep into the startup scene, checking out sources like CrunchBase, Pitchbook, and local Chilean databases to get the full scoop on these rising stars.

Innovation was key, so we were all about the startups bringing fresh tech or totally new approaches to shake things up.

We looked at their IP game, how disruptive they could get, and if their solutions were one-of-a-kind. But innovation alone wasn't enough – these startups needed some serious cash flow to fuel their growth.

We checked out their funding rounds, who was investing, and if they could keep securing that cash money.

The potential impact was also a major factor.

We analyzed things like their target market size, how scalable their business model was, the competition landscape, and projected growth based on industry trends.

Startups that could make major waves and potentially take down big players in their field? Those were the ones we wanted.

According to a recent report, Chile is killing it for entrepreneurship in Latin America, so the startup scene is fire.

Our selection process was all about finding the hottest Chilean startups that embodied that innovative, entrepreneurial spirit. By combining solid data with a keen eye for impact, we curated a list of 10 trailblazers that tech pros need to watch out for in 2024 and beyond.

NotCo is like this rad Chilean startup that's shaking things up big time in the food game. Founded in 2015, they're using some crazy AI tech called Giuseppe to create plant-based alternatives that taste and feel just like the real deal animal stuff.

It's wild, but this AI can analyze food at the molecular level to come up with recipes that nail the texture, flavor, and nutrition of meat, dairy, you name it!

These dudes aren't messing around either.

They've raised a mind-blowing $432 million from big shots like Jeff Bezos, Kraft Heinz, and even partnered with Burger King.

Their product lineup is stacked with gems like NotMilk (made from pineapple and cabbage, can you believe it?), NotBurger, and NotIceCream.

It's plant-based food, but it tastes like the real deal!

NotCo is seriously disrupting the food industry, offering sustainable, animal-free alternatives that are convincing even the biggest meat-lovers.

According to the CEO himself, they're not just competing with other vegan brands, they're going toe-to-toe with regular animal products. And with their sights set on the massive $1.4 trillion global food market, these guys are gearing up to be total game-changers.

If you're into tech and care about the planet, NotCo is definitely one to watch out for in 2024!

ComparaOnline is taking the insurance game to the next level. This Chilean startup has been changing how we buy coverage since 2013, making it a breeze to compare and choose insurance plans from different providers online.

No more shady deals or confusing jargon, just straight-up transparency and informed choices.

Digital insurance is blowing up in Chile, and ComparaOnline is leading the charge.

According to the Association of Insurers of Chile, online sales made up a solid 17% of the market in 2022, up a massive 28% from the previous year. And ComparaOnline's growth has been insane, with revenue skyrocketing 75% year-over-year in 2022, thanks to the increasing demand for digital insurance solutions.

But it's not just about insurance anymore.

ComparaOnline has expanded its offerings to include financial services like mortgage and loan comparisons, investment planning, and credit card options. It's a one-stop shop for all your money needs, making it easier than ever to stay on top of your finances.

As Ernst & Young's "The Future of Insurance 2024" report states, companies like ComparaOnline that focus on customer experience and data analytics are the ones to watch out for.

With the Chilean digital insurance market projected to grow by 22% in 2024, ComparaOnline is poised to dominate. These guys are the real deal, changing the game and making insurance actually cool.

Ever heard of Cornershop? This Chilean startup, founded in 2015, totally changed how we shop for groceries with their on-demand delivery service.

With their slick app, you can order from your fave local stores and get your stuff delivered right to your doorstep. Talk about convenience! Cornershop merged with Uber in 2019, and now it operates in 8 countries with over 2,000 partnered stores, making it a major player in the on-demand grocery game.

According to CB Insights, this industry is booming – the online grocery market in Chile alone is expected to hit $1.4 billion by 2027, with a crazy 18.9% annual growth rate.

Cornershop is riding that wave, expanding to new markets like the US and Canada while also leveling up their services. They're working on cutting-edge logistics to speed up deliveries and reduce their carbon footprint, plus adding fresh produce, meal kits, and other perishable goods to their offerings.

These guys are using AI and machine learning to personalize recommendations and make the shopping experience even smoother.

Patricia Garcia, Cornershop's CEO, says their goal is "to make grocery shopping as effortless as possible, while empowering local businesses and creating sustainable employment opportunities." With ambitious plans like these, Cornershop is definitely a startup to keep an eye on in 2024 and beyond.

Betterfly is the hottest startup in Chile, and they're changing the game for employee wellness. These guys get that a happy, healthy team is a productive team.

Founded in 2018, Betterfly's all about making wellness fun with their slick gamification platform.

How dope is their tech, you ask? Well, according to PitchBook, Betterfly's racked up an insane $204M in funding from heavy hitters like 10X Capital and Asiri S.A.S. They've already hit unicorn status, valued at a billion bucks in under 3 years! Word on the street is they're the first social unicorn in Latin America.

But it's not just about the cash flow.

These guys are legit impacting lives. Their whole deal is turning your healthy habits into real-life donations for charities worldwide. Talk about a win-win! And companies are eating it up - Betterfly's already partnered with over 3,000 businesses to level up their corporate wellness game.

From personalized insurance to gift card rewards, Betterfly's got the perks to keep your squad motivated.

And with their slick app tracking your progress, you can flex those gains while giving back. It's like a fitness tracker meets charity drive, all wrapped in a sick gamified experience.

So if you're looking to join a startup that's shaking up the wellness world with innovative tech and a dope social mission, Betterfly's the move in 2024.

These visionaries are proving that you can build a unicorn business while making the world a better place.

This startup called uPlanner is shaking things up in the edtech game with their wicked data-driven solutions.

Founded in 2012, they're using cutting-edge AI and math wizardry to level up educational planning by optimizing resources, boosting retention rates, and slashing infrastructure costs.

These guys aren't playing around – they're working with over 1,100 institutions across 160+ countries, impacting a mind-blowing 72 million students! Talk about scale, am I right? Their team is stacked with education experts, data scientists, and engineers dedicated to making education more accessible and efficient.

But here's the real kicker – uPlanner snagged major awards like the Microsoft Community Response Partner of the Year 2021 for their impact during the pandemic.

They've raised a total of $7.5 million in funding from big-name investors like Alive Ventures, Scale Capital, and ChileGlobal Ventures. With a solid track record and a visionary mission to shape the future through data-driven education solutions, uPlanner is definitely one to watch out for in the edtech space.

Fintual is this killer Chilean fintech startup that's totally shaking up the investment game. These dudes are making it super easy for regular people like us to invest our hard-earned cash and grow our money.

No more dealing with those stuffy financial advisors or paying ridiculous fees.

Here's the deal – Fintual uses some seriously smart tech to create personalized investment portfolios based on your risk tolerance and goals.

They've got this dope algorithm that analyzes your situation and puts together a portfolio that fits you like a glove. According to the stats, their revenue hit over 5 billion Chilean pesos in 2022! That's insane growth for a company that started just a few years ago.

Their investment funds are legit too, with their Conservative Clooney fund being named the best mixed fund by Morningstar in 2024.

Talk about killing it in the investment game!

And the best part? You can get started with Fintual from just $1. Yup, you read that right – invest in the stock market with just a buck! They've made investing super accessible, and their app makes it a breeze to manage your money on the go.

So, if you're tired of your cash just sitting in a boring savings account, it's time to level up with Fintual and start building that investment portfolio like a boss.

This Chilean fintech called Kredito is shaking up the banking scene in a major way.

They just closed a $6 million debt funding round led by Grupo Penta, which is huge cash to keep growing their fintech services for small businesses.

Kredito provides lines of credit, equity loans, and prepaid cards, making it easier for startups and small companies to get that capital they desperately need without dealing with the red tape at traditional banks. Their tech uses algorithms and alternative data to assess credit risk for startups more inclusively, speeding up the lending process.

And businesses are loving it - Kredito already has 105,000 companies registered on their platform as of 2022. The digital account and prepaid card products are growing like crazy, with demand up 30-40% per month. In 2023, Kredito plans to expand operations regionally, eyeing markets in Mexico and Colombia.

The goal is to hit 100,000 active users, making them a fintech force to be reckoned with across Latin America. Traditional banks better watch out for this disruptive startup democratizing access to finance for the little guys.

Have you heard about this dope startup called Jooycar? They're totally shaking up the car insurance game with their smart tech.

Instead of just basing your rates on basic stuff like age or location, these guys use real data from your actual driving to set prices.

So here's how it works: you plug this nifty little device into your ride, and it tracks all sorts of details about how you drive - speed, braking, the whole nine yards.

Then Jooycar's algorithms crunch those numbers and give you a personalized rate based on your skills behind the wheel. If you're a safe driver, you could save a ton of cash compared to traditional insurance plans.

It's like a reward for not being a maniac on the roads.

But it's not just about the money. Studies show that Jooycar users have way fewer accidents, probably because the app gives you real-time feedback to help you drive smarter.

They've even expanded beyond just car insurance, offering stuff like virtual mechanics and deals on spare parts through their app. Talk about a one-stop shop for all your vehicle needs!

Word is they've grown like crazy in just a few years, and they're already one of the biggest InsurTech players in Latin America.

With plans to use fancy AI to make their risk predictions even sharper, and maybe even expand into smart home tech, it's easy to see why industry experts are hyped about Jooycar's future.

So if you're looking to save some serious dough on car insurance while also driving safer, you gotta check them out.

Check out Destácame, this fintech startup from Chile that's shaking up the credit scoring game! They've got this AI tech that looks at stuff like your utility bills and online activity to give you a credit score, even if you've never had a loan before.

It's genius for giving access to loans and financial services to people who usually get ignored by the big banks.

A study from some university said that like, almost half the people in Chile don't have any credit history at all! Destácame's goal is to change that up and help everyone get a fair shot at loans and credit cards and stuff, no matter their background.

The CEO dude, Carlos Vio, is all about "leveling the playing field" and making finance accessible to everyone.

Since they started up in 2016, Destácame has already racked up over 500K users and scored $12 million in funding from investors like Quona Capital and QED Investors.

That's some serious cash! They're teaming up with major banks too, like BancoEstado and Scotiabank, to get their credit scoring system integrated into the mainstream lending process.

Making moves!

One user, Barbara Perez, said "Destácame gave me a chance to prove my creditworthiness when no one else would. Thanks to their innovative approach, I was able to secure a loan and start my own business." That's the kind of impact we're talking about here.

Destácame is helping people build their financial futures and achieve their dreams. As they keep growing, they're set to be a major force in promoting economic empowerment across Latin America.

Let's talk about Metric Arts, a Chilean startup that's absolutely killing it in the data analytics game.

Founded in 2007, they have been on a mission to help businesses make smart moves with the power of data. And they're not playing around - they've got branch offices all over the place, from Peru to Panama.

What makes Metric Arts so special is their ability to take massive amounts of data and turn it into insights that actually make sense.

We're talking about using cutting-edge techniques like Machine Learning, Artificial Intelligence, and Big Data Analytics to help companies make decisions that drive growth and profits.

It's like having a crystal ball, but instead of some mystical mumbo-jumbo, it's all based on cold, hard facts.

Metric Arts has already made a name for themselves across a bunch of different industries.

In retail, they're helping companies optimize their supply chains and predict what consumers want before they even know they want it. In finance, they're using their data magic to detect fraud and create credit scoring models that separate the good risks from the bad.

And in manufacturing, they're streamlining processes and cutting down on waste like nobody's business. It's like they've got a cheat code for success. Check out the blog post on the in-demand skills needed in Chile's tech sector to prepare for a career at a company like this.

Metric Arts just secured a whopping $12 million in Series B funding, which means they're about to take things to a whole new level.

We're talking expansion, new products, and solidifying their spot as the data analytics kings of Chile. And let's not forget about their CEO, Daniel Harris, who's got a vision to "democratize data analytics" and give every company, big or small, the chance to tap into the power of data.

It's like they're on a mission to spread the data love to the masses.