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SoftBank, LAVCA and other global names join Medellín's VC forum as 20 funds size up 35 local startups.

Axon has backed the Medellín solar developer since its Series B; the cash funds new generation across Colombia.

FinTech, Enterprise Applications and High Tech were the top-performing sectors in H1 2024.

Somos Internets plans to use the funds to improve current infrastructure, enhance product offerings, and expand to new areas of the country, including Bogotá.

The hope is that Colombia can start to resemble the sum of its parts which would allow the reduction of poverty and the flourishing of a country with incredible potential.

During the past year, the company has expanded to 83 locations across four countries and expects to surpass 100 locations by 2023.

The registration to the V Pacific Alliance Private Equity and Venture Capital Summit is now open

Tracxn also publishes annual reports and sector specific reports for other geographies, including India, North America, Singapore, EMEA region,etc.

Series B founders were not disclosed, but previous investors include TMT Investments, Copernion, MGM Innovation Group, Amador, and FEMSA Ventures.

According to Ayenda’s website, the hotel franchisor currently operates in Colombia, Peru and México with almost 300 properties.