InvestChile Blog

FDI news | Policies & Tools | Business data analysis | Investment location trends

500 Startups global fund invests in scale-up of three Chilean firms

InvestChile - July,28,2020

Chipax, Como Quiero and Agrapp will each receive US$60,000 and will join an acceleration program.


Despite the economic consequences of the pandemic, the startup investment ecosystem is continuing to produce new deals, including different Chilean firms that have raised capital in this context.

The Mexico City office of the global venture capital investment fund, 500 Startups, based in Mountain View, California, recently announced that the fund will invest US$600,000 in ten ventures in Latin America: three in Chile, five in Mexico and two in Argentina, which will each receive US$60,000 for their scale-up.

The Chilean startups selected have in common a strong technological component. Agrapp developed a platform that allows farmers to manage their business; Chipax created an online cash flow control platform for small and mid-sized enterprises (SMEs), and Como Quiero implemented a weekly household menu planning platform with a one-click shopping list.

“We chose these three startups for the quality of the entrepreneurs; we discovered founders who are good at what they are doing and have a clear understanding of the industry with multidisciplinary profiles that complement each other. We see an opportunity in their respective industries,” says René Lomelí, one of the partners in 500 Startups.

Lomelí notes that the fund has so far invested in 13 Chilean firms, including ClassRoom TV, Simpliroute and Welcu, which are part of the regional portfolio of 175 startups of the global venture capital firm created in 2010.

Acceleration program

Along with the funding, the ten firms - which were selected out of 1,957 applications - will be part of the twelfth generation of 500 Startups and will join a 16-week acceleration program that traditionally takes place in its offices in Mexico City. This time, however, the fund has opted to implement it 100% remotely in response to Covid-19.

The program, which began last week, has two main pillars: “professionalization as founders with international mentors and weekly monitoring of the startups as regards sales growth, for example,” explains Lomelí.

Source: Diario Financiero

To find out more about investment in global services in Chile, read this article.


Topics: Startups



We are the government agency responsible for promoting Chile in the global market as a destination for foreign direct investment, serving as a bridge between the interests of overseas investors and the business opportunities the country offers and providing world-class services that are in line with the country’s economic development policies.

Previous Post

Marcelino Oreja, Enagás: “Our commitment to Chile is long-term”

Next Post

Aisino: We want Chile to be the base from which to expand our business


Subscribe to our newsletter

Receive in your e-mail publications and news about how to guide your investment project in Chile

Subscribe to Our Newsletter

You can also subscribe here to our monthly Investment Review Newsletter

100% Privacy. No Spam.

Related Posts

Visas and foreign citizens

We invite you to obtain a complete guide of residence laws and regulations for investors and foreign workers in Chile.
Learn More