In 2024, Argentina's startup ecosystem has continued to demonstrate resilience and growth, with several innovative companies securing significant funding rounds across various industries. From SaaS platforms revolutionizing restaurant operations to biotech firms focusing on environmentally friendly solvents, Argentine startups are attracting attention both regionally and globally. This article takes a closer look at the largest funding rounds raised by Argentine startups in 2024, highlighting their groundbreaking technologies and the investors driving their success. With venture capital playing a pivotal role in fueling innovation, these startups are poised to make a lasting impact in their respective fields.

Ualá

Ualá, an Argentine fintech company founded in 2017 by Pierpaolo Barbieri, is transforming financial inclusion in Latin America through its innovative platform that combines a Mastercard prepaid card with a digital account. Operating in Argentina, Mexico, and Colombia, Ualá enables users to perform everyday financial tasks, such as bill payments, mobile top-ups, and investments, with ease. In 2024, Ualá raised $300 million in a funding round led by global investors, including SoftBank and Tencent, reaching a valuation of $2.75 billion. The company plans to use the new capital to expand its operations, develop new products, and strengthen its technological infrastructure, continuing its mission to bridge the financial inclusion gap across the region.

Pomelo

Pomelo, an Argentine fintech company founded in 2021, specializes in providing cutting-edge payment infrastructure solutions for the issuance and processing of credit, debit, and prepaid cards. Headquartered in Buenos Aires, Pomelo serves over 100 clients, including prominent names like Rappi, Nomad, and Bitso. In 2024, the company raised $40 million in a Series B funding round led by Kaszek, with participation from monashees, Index Ventures, Insight Partners, S32, and Endeavor Catalyst, bringing its total funding to $103 million. The new capital will be used to scale its payment infrastructure, enhance card payment solutions, and double its revenue in 2024.

Tapi

Tapi, an Argentine fintech company founded in 2022 by Tomás Mindlin, Kevin Litvin, and Nicolás Andriano, specializes in providing cutting-edge payment infrastructure for fintechs and banks across Latin America. Operating in Argentina, Chile, Colombia, Mexico, and Peru, Tapi offers a single API integration that simplifies access to regional payment services, including bill payments, airtime top-ups, and cash transactions. In 2024, Tapi raised $22 million in a Series A funding round led by Kaszek, with participation from Andreessen Horowitz, bringing its total funding to over $31 million. The capital will be used to further develop its platform, which has driven an 800% increase in Total Payment Volume (TPV) and a 2000% rise in profits, positioning Tapi as a leader in transforming outdated payment systems in the region.

Kilimo

Kilimo, an Argentinian cleantech company founded by Jairo Trad, specializes in revolutionizing water management in agriculture through advanced technology and data analysis. Operating in seven Latin American countries, including Argentina, Mexico, and Chile, Kilimo has enabled over 2,000 farmers to save 72 billion liters of water by optimizing usage and selling surplus water to companies. In 2024, Kilimo raised $7.5 million in a Series A funding round led by Emerald Technology Ventures, with participation from The Yield Lab Latam, Salkantay Ventures, Kamay Ventures, and iThink VC. The funds will support Kilimo's expansion into the US and European markets, enhancing its mission to address water scarcity in agriculture.

Cloudgaia

CloudGaia, an Argentinian consulting firm founded in 2016, specializes in delivering innovative solutions as a 100% Salesforce partner, helping consumer goods companies, including Coca-Cola Euro Pacific Partners, maximize their use of Salesforce platforms. Leveraging agile methodologies, CloudGaia focuses on enhancing customer relationship management (CRM) capabilities with cutting-edge technology. In 2024, CloudGaia raised $3 million in a seed funding round to drive its mission of empowering businesses through Salesforce solutions.

Growpack

GrowPack, an Argentinian startup founded in 2018 by Exequiel Bunge and Sean Tenorio, specializes in creating sustainable, compostable packaging from agricultural residues, such as corn straw, utilizing lignin and cellulose-based biomaterials. Initially launched through a business school accelerator program, GrowPack expanded to Brazil in 2021, where it collaborated with Ambev to develop the "bio ring," an eco-friendly alternative to plastic can holders. In 2024, GrowPack secured $2.2 million in a seed funding round, with contributions from Oxygea Ventures, Irani Ventures, Draco Capital, FVC, and Wyda Embalagens. The funding will enable the company to scale its production capacity from 150,000 to 2 million units per month, diversify its product portfolio with food service solutions, and expand its team from 15 to 45 employees within 18 months.

Bioeutectics

Bioeutectics, an Argentine biotech startup founded in 2019, specializes in developing Natural Deep Eutectic Solvents (NADES), derived from plant-based compounds such as sugars, organic acids, and vitamins. These eco-friendly solvents aim to replace traditional petrochemical solvents, enhancing sustainability and reducing environmental and health impacts in industrial processes. The company’s proprietary technology mimics the natural solvent production of plants, aligning with global trends toward sustainable innovation. In 2024, Bioeutectics raised $2.1 million in funding, led by Fen Ventures and Atento Capital, with participation from GridX, Syensqo Ventures, and IndieBio. The funding will support the company’s U.S. expansion, commercialization of over 30 solvent products, and its mission to reduce the chemical industry's environmental footprint.

Patagon AI

Patagon AI, an Ecuadorian startup founded to revolutionize sales processes through artificial intelligence, automates various stages of the sales funnel, including lead qualification, follow-ups, and post-sales operations. By integrating AI-powered agents, the company enables businesses to enhance efficiency, reduce costs, and scale marketing efforts without increasing human resources. Headquartered in Ecuador, Patagon AI operates across Colombia, Brazil, Mexico, Chile, and Argentina, serving prominent clients such as Autos OK, Alvarez Bravo, and Humana S.A. In 2024, Patagon AI raised $1.1 million in funding, led by OneVC and 17Sigma, to further expand its operations and continue optimizing sales processes in the Latin American market.

Avedian

Avedian, an Argentine healthtech company founded in 2018 by three brothers with a strong family background in healthcare, leverages advanced artificial intelligence to transform health data management. By combining big data analysis and predictive models, Avedian’s platform optimizes hospital care and improves health outcomes. Headquartered in Argentina, the company aims to address critical challenges in the healthcare industry across Latin America. In 2024, Avedian raised $1 million in a pre-Series A round led by Meet Capital, with participation from Gabriel Allasia, former VP of Globant. The funding will support the company’s regional expansion and continued innovation in health technology.

Tucán

Tucán, an Argentinian SaaS platform founded in 2020, specializes in providing e-commerce, logistics, and marketing solutions for the restaurant industry. The company enables restaurants across Latin America to manage online sales and delivery operations through its integrated platform. In 2024, Tucán raised $1 million in a seed round led by Shefa, the venture capital arm of IRSA Group, with support from several local gastronomic groups. The funding will be used to enhance technology and customer support infrastructure to scale operations and manage growing order volumes.

As 2024 progresses, Argentina’s startup ecosystem shows no signs of slowing down. The record-breaking funding rounds secured by companies like Tucán, Bioeutectics, and Patagon AI underscore the country’s potential as a hub for innovation and entrepreneurship. With strong backing from both local and international investors, these startups are not only reshaping industries but also contributing to the global shift toward sustainability, digitalization, and technological advancement. As these companies scale and expand, they are set to play a key role in Argentina's economic future, and the continued flow of investment will only strengthen the country's position on the global startup map.