Uruguay, often seen as a rising hub for innovation in Latin America, has been steadily attracting attention from both local and international venture capital firms. As the startup ecosystem flourishes in the country, more venture capital (VC) firms are stepping up to fund the next generation of entrepreneurs. Among these, several firms based in Montevideo stand out due to their strategic investments and their role in nurturing early-stage startups. This article highlights the most active VC firms in Uruguay, IC Ventures, Kaszek, and MrPink VC, each of which has played a pivotal role in shaping the local tech and startup landscape.

IC Ventures

• 🏦 HQ: Montevideo, Uruguay

• 👨‍💻👩‍💻 Leadership: Gabriel Colla, Eduardo Mangarelli, Andrés Cerisola, Martin Naor

• 🔢 Number of Investments: 1-10

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: AdMan, Paganza, NocNoc

Kaszek

• 🏦 HQ: Montevideo, Uruguay

• 👨‍💻👩‍💻 Leadership: Hernan Kazah, Nicolas Szekasy

• 🔢 Number of Investments: 200-250

• 💰️ Number of Exits: 10-50

• 👜 Notable Portfolio companies: Bia energía, Alice, Clara

MrPink VC

• 🏦 HQ: Montevideo, Uruguay

• 👨‍💻👩‍💻 Leadership: Hernan Haro

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Fidi, ElSA, Commet

Uruguay’s venture capital scene is growing rapidly, with firms like IC Ventures, Kaszek, and MrPink VC contributing significantly to the development of new, innovative companies. These VCs are not only providing financial backing but also mentorship, resources, and access to networks, ensuring the success of their portfolio companies both locally and globally. As Uruguay continues to gain recognition as a key player in the Latin American startup ecosystem, these venture capital firms will likely be at the forefront of driving future growth and innovation.