Venture capital investment has been winning over Chilean family offices. More and more are betting on investing in emerging technology companies, contributing not only capital but also their know-how.
The same is happening with large corporations and companies, which, in addition to creating their own CVC vehicles, are joining this asset class by investing in professional funds.
Francisco Guzmán, president of the ACVC, and Sebastián González, director of the ACVC, commented in La Tercera on this significant growth and interest on the part of the industry.
"Venture capital investment is, by definition, countercyclical, making it particularly attractive during periods of economic contraction. This was demonstrated in 2020, when, despite the problems caused by COVID-19, investment in technology startups reached a record high worldwide," said Francisco Guzmán, president of the Chilean Venture Capital Association.
In favor of this idea, he argues that there are Chilean technology companies in all stages of development, from very early stages to companies that have gone international with valuations in the hundreds of millions of dollars. "The development in Chile of an ecosystem favorable to technological entrepreneurship is not an isolated phenomenon, but rather the result of several years of work by the public and private sectors," explains the president of the Venture Capital Association.
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