A total of 16 startups Peruvian companies seek to obtain approximately US$ 23.1 million to finance their growth plans after participating in the Venture Ready: Peru to US program, an initiative developed by the Golden Circle firm with co-financing from the United States Department of State and the support of its embassy in Peru.
A total of 16 startups Peruvian companies seek to obtain approximately US$ 23.1 million to finance their growth plans after participating in the Venture Ready: Peru to US program, an initiative developed by the Golden Circle firm with co-financing from the United States Department of State and the support of its embassy in Peru.
During the closing event called Investment Forumthe results of the eight-week program that trained 29 local companiesof which an additional eight plan to begin financing processes in the next six months.
Among the participants, 22 firms are in the early stage, 18 already have international operations and 17 are developing solutions based on artificial intelligence | (Photo: Pexels)
/ Georgi Georgiev
The initiative was developed in a context in which 93.7% of the capital invested by investment funds venture capital in the country comes from international investorsaccording to data from the Peruvian Association of Seed and Entrepreneurial Capital (PECAP).
Among the participants, 22 firms are in the early stage, 18 already have international operations and 17 are developing solutions based on artificial intelligencebelonging to sectors such as fintech, agtech, climatetech, healthtech, legaltech and edtech.
“We find startups with solid products, execution capacity and international experience. However, having a good product or even operating in other countries does not guarantee being prepared to raise capital”said María Gracia Agurto, CEO of Golden Circle.
The program call received applications from 742 startups from the 25 regions of the country, resulting in 29 companies selected, of which 11 come from regions outside of Lima. During the final day, 10 of these companies presented their investment proposals directly to investors from the United States and Latin America.
