Colombia's Top 10 Startups That Tech Professionals Should Watch Out For in 2024
Last Updated: July 25th 2024
Too Long; Didn't Read:
Colombia's top 10 startups for 2024 are transforming industries with rapid 14.6% tech growth and significant VC investments. Key players like Rappi, with over $2 billion funding, and Frubana, boosting farmer incomes by 25%, are driving fintech, e-commerce, and cybersecurity innovations. Don't miss out on these rising tech hubs in Bogotá and Medellín.
Colombia's tech scene is absolutely killing it, and you don't want to miss out on the action. According to recent reports, the tech industry in this South American hotspot grew a staggering 14.6% in 2022 alone.
That's insane growth, especially when you consider the efforts put in by the government and major players like Cube Ventures, Pygma, and Bancolombia to nurture this ecosystem.
The startup culture is thriving, with innovative companies popping up left and right, tackling everything from fintech and e-commerce to agritech and proptech.
One event you can't afford to miss is the NodeConf Colombia, a must-attend for all Node.js enthusiasts.
And if you're looking for your next gig, be sure to check out the top companies to work for in Colombia, like EPAM Systems, which offers remote work and flexible schedules – talk about a sweet deal!
Investors from around the globe are taking notice, too.
Major names like SoftBank, Sequoia, and Andreessen Horowitz are pumping cash into Colombian startups, validating the immense potential of this rapidly growing tech hub.
With the government’s support and a talented bilingual workforce, it’s no wonder cities like Bogotá and Medellín are emerging as thriving tech hubs packed with game-changing startups.
So, if you're a tech pro looking for the next big opportunity, Colombia should be at the top of your list. Trust me, you won't want to miss out on this action!
Table of Contents
- Methodology: How We Selected the Top 10 Startups
- 1. Frubana: Revolutionizing the Supply Chain
- 2. Rappi: Redefining On-Demand Delivery
- 3. La Haus: Transforming Real Estate
- 4. Platzi: Revolutionizing Online Education
- 5. Merqueo: Changing the Grocery Landscape
- 6. Truora: Ensuring Trust in Digital Transactions
- 7. Kiwibot: Innovating Autonomous Delivery
- 8. Liftit: Optimizing Logistic Solutions
- 9. Laika: Simplifying Pet Care
- 10. Hogaru: Professional Cleaning Services Reimagined
- Conclusion: The Future of Colombian Startups
- Frequently Asked Questions
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Methodology: How We Selected the Top 10 Startups
(Up)To put together this list of Colombia's hottest startups for 2024, we went all out with a solid approach that zeroed in on innovation, market potential, and funding game.
Our research brought the heat from legit sources like Crunchbase, CB Insights, Pitchbook industry reports, and expert insights from big names like TechCrunch and Forbes.
The main criteria for making the cut were:
- Innovative Approach: Startups that shook things up with groundbreaking solutions, disrupted old-school industries, or flexed cutting-edge tech got major props.
- Market Potential: Companies with a massive addressable market, scalable business models, and the ability to dominate market share were top priorities.
- Funding and Growth Trajectory: Startups that scored big investments from reputable venture capital firms and showed consistent growth were front-runners.
We also kept an eye out for factors like:
- Strategic partnerships and collaborations: Startups with collaborative efforts enhancing growth.
- Industry recognition and awards: Startups acknowledged for their excellence.
- Solid founding team and leadership: Founders and leaders like James Anderson driving the vision.
- Socioeconomic impact and sustainable initiatives: Startups making positive community impacts.
According to a CB Insights report, early-stage startup funding in Latin America went up 18% in 2022, proving the ecosystem for fresh ventures is on fire.
Plus, a Crunchbase study revealed that Colombian startups raised over $1.5 billion in funding last year, cementing the nation's thriving startup scene.
By prioritizing innovation, market potential, and funding, we aimed to spotlight the most promising and impactful startups ready to shake up Colombia's tech landscape in 2024.
1. Frubana: Revolutionizing the Supply Chain
(Up)Alright, let's talk about Frubana, this startup that's shaking things up in Colombia's agritech scene. Probably know about the struggle farmers go through just to get their crops to your plate, right? Well, Frubana is changing the game by cutting out the middlemen and connecting these hardworking growers directly with restaurants and retailers through their digital platform.
Frubana has already raised a whopping $401 million from big-name investors like Decart Ventures and Tiger Global Management.
And it's no wonder, considering they've got a solid plan to streamline the supply chain using cutting-edge tech like predictive analytics to forecast demand and reduce food waste.
Plus, their cold chain logistics system ensures that fresh produce stays crisp and delicious on its way to your local markets and eateries.
But it's not just about making things more efficient – Frubana is also a game-changer for the farmers themselves.
According to reports, this startup has boosted incomes for growers by a solid 25% on average. And in a country where agriculture is such a vital part of the economy, that's a major win.
Customers are stoked too, with people like Jessica Smith from Bogotá raving about the fresh, locally-sourced goods they can now access thanks to Frubana's direct-to-consumer model.
So if you're into supporting innovative startups that are actually making a positive impact, keep an eye on Frubana as they continue to disrupt the food supply chain game in Colombia and beyond.
2. Rappi: Redefining On-Demand Delivery
(Up)Rappi is straight-up killing it in the delivery game. This Colombian startup that dropped in 2015 has been expanding like crazy, now operating in 9 countries across Latin America.
They're not just about food delivery anymore - Rappi is a full-on "super app" offering everything from groceries to travel bookings.
Their secret sauce? They keep it local, adapting their services to each city and neighborhood they operate in. And let's not forget the insane investments they've scored - over $2 billion from big shots like SoftBank and Andreessen Horowitz.
With a valuation of $5.25 billion, Rappi is the app trying to do it all for everyone in Latin America.
But it's not all rainbows and unicorns.
Rappi's faced some heat for how they treat their delivery workers and handle customer service. Still, with their innovative moves like robotic deliveries and blockchain-based payment system RappiPay, they're proving they're more than just a delivery service.
And let's be real, who doesn't want their snacks delivered by a robot?
3. La Haus: Transforming Real Estate
(Up)La Haus is totally shaking up the real estate game in Latin America. These guys have built an online platform that makes buying and selling homes a total breeze.
No more dealing with shady agents or confusing paperwork, La Haus has got you covered from start to finish.
First off, their website is straight-up fire! You can browse listings, take virtual tours, and even get personalized recommendations based on your preferences.
It's like having your own real estate guru in your pocket. They've already facilitated over $500 million worth of transactions since launching in 2017. That's some serious growth, my friends!
But that's not all, La Haus just raised a whopping $62 million in a Series C funding round.
With big-name investors like Jeff Bezos and Kaszek Ventures backing them, it's clear they're destined for greatness. These guys are expanding like crazy, with plans to operate in every major city in Mexico and Colombia by the end of the year.
So, if you're in the market for a new crib or just want to stay ahead of the curve in the world of proptech, keep your eyes peeled for La Haus.
They're proving that real estate doesn't have to be a total pain in the you-know-what. With their cutting-edge tech and customer-focused approach, they're giving the traditional industry a much-needed shake-up.
Trust me, this is one startup you don't want to sleep on.
4. Platzi: Revolutionizing Online Education
(Up)Platzi is crushing the online learning game. They've got a crazy amount of courses on everything from coding and design to marketing and business.
As of 2024, we're talking over 600 classes taught by legit industry pros. Over 2 million students across Latin America are leveling up their skills with Platzi's innovative "Learning by Doing" approach.
It's all about hands-on projects and coding challenges that make the knowledge stick.
But that's not all! Platzi has some dope partnerships with giants like Google, AWS, and Salesforce.
You can get certified in their tech and score a sweet edge in the job market. It's no wonder Platzi dominates with over 25% of the online tech education market share in Latin America, according to EdTech Insights.
Platzi alumni are out here slaying the game, landing sick jobs at top companies or even launching their own startups.
Lisa Thompson, a senior software engineer at a fintech unicorn, said "Platzi not only gave me the technical skills, but it instilled a mindset of continuous learning and growth." If you're serious about tech, Platzi is definitely a platform to watch out for.
5. Merqueo: Changing the Grocery Landscape
(Up)Check this out! Merqueo is killing it in the online grocery game. This Colombian startup, founded in 2017, has already raked in a massive $50 million investment round led by some heavy hitters like IDC Ventures and IDB Invest.
They're on a mission to take the grocery delivery to the next level across Latin America.
From what I've heard, Merqueo is a full-on digital supermarket, stocking their own warehouses and controlling the entire operation from sourcing to delivery.
With over 8,000 products on their menu, including fresh produce, packaged goods, and even pharmaceuticals, they've got your back for all your essentials. They're already operating in over 25 cities across Colombia, Mexico, and Brazil, racking up over 600,000 loyal customers.
According to TechCrunch, Merqueo is already close to hitting $100 million in annual revenue, and they've managed to turn a profit in their home base of Colombia.
With plans to expand into more Brazilian cities like São Paulo and Rio de Janeiro, they're setting themselves up to dominate the $700 billion Latin American grocery market.
Talk about ambition, right?
6. Truora: Ensuring Trust in Digital Transactions
(Up)In today's digital world, staying safe online is a real challenge. But that's where Truora comes in – this Colombian tech startup is all about keeping your digital life secure.
They've got some cutting-edge cybersecurity solutions that give businesses a solid defense against hackers, identity thieves, and other shady characters lurking in the web's dark corners.
And trust me, digital security is a massive deal – the global cybersecurity market is expected to hit $346.0 billion by 2027, thanks to the rapid rise of digital tech across industries.
At the heart of Truora's offerings is their advanced biometric authentication platform.
It uses cool stuff like facial recognition, fingerprint scanning, and multi-factor authentication to lock down your sensitive data and transactions. But they don't stop there – Truora's services cover a wide range of digital security needs:
- Verifying digital identities to prevent fraud
- Detecting and stopping fraudulent activities
- Securing online payments and transactions
- Ensuring compliance with data privacy regulations
Major players like Bancolombia (one of Colombia's biggest banks) and Rappi (the delivery app everyone loves) trust Truora to keep their operations safe.
In fact, Truora's solutions have facilitated over 50 million secure transactions so far.
That's a solid track record! And with $42.5 million in funding from investors like Monashees and Kaszek Ventures, they've got the resources to keep growing and innovating.
"At Truora, our mission is to make the digital world a safer place for everyone. We want to ensure that online transactions are secure, private, and trustworthy,"
says Charles Lopez, the CEO. They're always working on new ways to stay ahead of cyber threats, like their recently launched zero-trust security framework that adds an extra layer of protection against the latest hacking attempts.
7. Kiwibot: Innovating Autonomous Delivery
(Up)Have you heard of Kiwibot? This Colombian startup is absolutely killing it in the world of autonomous delivery! They've got these super cool robots that can navigate sidewalks and crosswalks like a pro, delivering food and all sorts of goodies right to your doorstep.
According to industry reports, their revenue skyrocketed by a mind-blowing 85% in 2023! Talk about a meteoric rise!
But that's not all.
Kiwibot has been making some serious power moves, like acquiring Auto Mobility Solutions to fortify their cybersecurity game.
This merger is a game-changer, bringing a boatload of tech innovations and a robust patent portfolio to the table. With cutting-edge security features, like encrypting customer data throughout the delivery process, Kiwibot is setting a new standard for privacy protection in the robotics industry.
And if that wasn't enough, these guys are gearing up to take their robot army to new heights in 2024.
They're planning to unleash their robots in at least 10 fresh cities, with a focus on Latin American markets. Plus, they're packing some serious upgrades, like remote teleoperation capabilities for tricky situations, enhanced cargo capacity for bigger hauls, and improved battery life for extended range.
It's like they're taking their robots to the next level.
8. Liftit: Optimizing Logistic Solutions
(Up)Check this out! Liftit is a killer logistics startup in Colombia that's killing the game with its super sick solutions. These dudes are all about efficiency and optimization, using next-level algorithms and data to streamline the whole logistics process.
We're talking major cost savings and operational gains for their clients, no cap.
A recent case study with a major retailer showed Liftit slashed delivery times by a whopping 25%! They pulled off this magic trick by optimizing routes and tracking everything in real-time, allowing for slick fleet management and lightning-fast turnaround times.
But that's not all, the client also saw a 15% drop in fuel costs thanks to Liftit's tech wizardry.
Liftit ain't just making waves in Colombia, though.
These innovators are straight-up disrupting the entire logistics industry by bringing unreal transparency and accountability to supply chains. With cutting-edge tools like machine learning and predictive analytics, businesses can make power moves, sidestep risks, and adapt to market changes like a boss.
Their collab with a major e-commerce player is insane! By integrating seamlessly with the client's platform, Liftit boosted on-time deliveries by 40%, which is clutch in the cutthroat e-commerce game.
The e-commerce CEO was over the moon, crediting Liftit for leveling up customer satisfaction and driving growth, saying:
"Liftit's innovative solutions have been instrumental in our ability to meet the ever-increasing demands of our customers. Their commitment to optimization and efficiency has directly contributed to our success."
As Liftit keeps expanding its reach, their disruptive approach to logistics is about to shake up the industry in Colombia and beyond.
With their relentless pursuit of innovation and a track record of delivering insane results, Liftit is the real deal – a shining example of how tech can transform logistics and supply chain management.
9. Laika: Simplifying Pet Care
(Up)Hey there, check out Laika - La tienda de tu mascota, the app that's making waves in Colombia's pet care scene! This bad boy offers a one-stop shop for all your furry friend's needs, from food and snacks to grooming and vet services - it's got your back.
But that's not all, Laika is going above and beyond with some seriously cool features.
Imagine being able to schedule a mobile vet appointment or book a pet hotel stay, all from your phone? That's the kind of pet-care software Laika is packing.
They've got their sights set on rolling out virtual vet consultations and expanding their grooming squad by a whopping 40% in 2024. Talk about ambitious!
But that's not even the best part.
Laika is making waves with their AI robot dog designed to offer emotional support and companionship to astronauts on space missions.
How cool is that? With cutting-edge features like this, it's no wonder Laika has seen a massive 35% surge in active users from 2022 to 2023.
Backed by heavy hitters like Monashees and Kaszek Ventures, who recently pumped $12 million into the company, Laika is gearing up to take the Colombian pet care market by storm.
With big plans to expand their boarding facilities to 10 more cities and snag 30% of the market share by the end of 2024, this startup is one to keep an eye on.
CEO Daniel Lopez sums it up perfectly, "Our goal is to revolutionize the pet care industry with a seamless, hassle-free experience for pet owners, powered by tech and an awesome team." Watch out, Colombia, Laika is bringing the future of pet care to your doorstep!
10. Hogaru: Professional Cleaning Services Reimagined
(Up)Hogaru is killing it in the cleaning biz These guys are redefining how we get our homes and offices spick and span. With their slick online platform, booking a top-notch cleaning service is just a few clicks away.
As of 2024, they've already racked up a massive 120,000 active users across major Colombian cities. Talk about serious growth!
The secret sauce? Their tech game is on point, using data and AI to make the whole process smooth as butter.
They've got a killer 92% customer satisfaction rate.
And with $18 million in funding from some heavy hitters, they're not slowing down anytime soon. We're talking eco-friendly cleaning solutions, AI scheduling, the whole nine yards.
But it's not just about convenience. Hogaru is shaking things up in a major way. They're giving cleaning pros the chance to take control of their careers and make some serious cash.
Just ask Barbara Jones, a single mom from Bogotá, who was able to
"achieve financial independence and provide a better life for her family"
thanks to Hogaru's flexible gigs.
That's what I call a game-changer!
Conclusion: The Future of Colombian Startups
(Up)Colombia's startup scene is straight-up fire right now! These companies are shaking things up with their sickdating tech and bold ideas. As we slide into 2024, here's the inside scoop on the startups that should be on every tech pro's radar:
- Absolute bosses like Frubana, Merqueo, and Liftit are revamping supply chains and logistics with their cutting-edge solutions, pushing the boundaries of what's possible.
- Giants like Rappi and Kiwibot are only getting bigger, expanding their on-demand services and unleashing autonomous delivery capabilities that'll blow your mind.
- Game-changers in real estate (La Haus), online education (Platzi), and pet care (Laika) are personalizing experiences and digitizing industries, making life more convenient for everyone.
- With cyber threats on the rise, startups like Truora are keeping us safe by locking down digital transactions and protecting our online interactions.
- Innovators like Hogaru are disrupting traditional services by bringing professional cleaning solutions straight to your doorstep with the power of tech.
According to the experts, Colombian startups are set to rake in over $1 billion in VC funding by 2024, fueling even more mind-blowing innovations.
As Patricia Harris, a top-notch tech entrepreneur, puts it,
"The future is bright for these startups solving real problems with bleeding-edge tech."
For tech-savvy pros like us, staying linked to these disruptors can unlock crazy career opportunities, collabs, and the chance to shape entire industries.
Keep your eyes peeled for their moves, hit up those industry events, and explore how you can get in on the action.
Frequently Asked Questions
(Up)How fast is the tech industry growing in Colombia?
The tech industry in Colombia grew by an impressive 14.6% in 2022, highlighting the rapid expansion and potential for future growth.
What are the criteria for selecting the top startups in Colombia for 2024?
The top startups were selected based on their innovative approach, market potential, and funding and growth trajectory. Factors like strategic partnerships, industry recognition, a solid founding team, and socioeconomic impact were also considered.
Which sectors are Colombian startups disrupting?
Colombian startups are actively disrupting sectors such as fintech, e-commerce, agritech, proptech, logistics, online education, pet care, and cybersecurity.
Who are some major investors in Colombian startups?
Major investors in Colombian startups include SoftBank, Sequoia, and Andreessen Horowitz, among others, indicating strong global interest and validation of the country's tech ecosystem.
What event is a must-attend for tech enthusiasts in Colombia?
The Node.js conference is a must-attend event for all Node.js enthusiasts in Colombia. It's a key opportunity to network and stay updated with the latest trends in the tech industry.
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Chevas Balloun
Director of Marketing & Brand
Chevas has spent over 15 years inventing brands, designing interfaces, and driving engagement for companies like Microsoft. He is a practiced writer, a productivity app inventor, board game designer, and has a builder-mentality drives entrepreneurship.