Investment

Chile’s angel networks project strong growth for 2018

Chile’s development agency, CORFO, administers and backs four angel networks in Chile that have shown explosive growth across the past year. The capital invested through these networks tripled from 2016 to 2017, rising from CLP$574.7M (US$950K) to CLP$1.671M (US$2.8M).

The main active platforms in Chile include Dadneo, ChileGlobal Angels, FounderList, Broota, and MCapital, according to El Mercurio. Over the past two years, over 1000 startups have been reviewed through these platforms, with just 27 eventually receiving investment.

Both Dadneo and FounderList help arm syndicates of angel investors that join together to raise funds for startups. FounderList separates these investors into leaders, who are generally experienced investors with larger sums of disposable capital, and backers, who tend to be businesspeople who are less experienced in investment.

In 2017, FounderList closed US$600K worth of deals; this year, they project US$1.8M in deals, focusing mostly on technology startups.

ChileGlobal Angels also helped raise US$600K in 2017, through six investments. This year, they are looking to close nine deals.

MCapital, which is the only angel network in Chile to focus specifically on female founders, has 20 investors on the platform and looks to raise between US$150K to US$1M for investments that help companies get off to a strong start.

All signs point to the fact that Chile’s angel investment ecosystem is taking off and will continue growing throughout 2018.

Read the original article in El Mercurio.

Leave a Reply