Marcos Brujis was a loyal Peruvian whose embrace of humanity expanded from Latin America across all emerging markets. Over his long career as an investor, he inspired billions of dollars in capital to support projects, companies, and entrepreneurs all over the world.
Marcos was born in Lima in 1952. After studying at McGill, he worked at HSBC, then joined the IFC where he spent the better part of many years traveling the world persuading asset managers to dedicate funds to Latin America and other emerging markets.
More and more startups in Peru are receiving investment from U.S. investors. Many of these startups have reached product-market fit and some have already scaled across multiple countries in Latin America.
This trend is partly due to the growing tendency for Peru startups to set up U.S.-based entities as holding companies. Founders are using Simple Agreement for Future Equity (SAFE) financing documents, the standard document for early stage U.S. startups, allowing them to raise money from a wide variety of investors.
Peru’s young people took to the streets last week and made their voices heard. Peaceful protests were met with police aggression and two people, Inti Sotelo Camargo and Jack Brian Pintado Sánchez, were killed. By Monday of this week, a new President, Francisco Sagasti, was chosen by congress to lead the country. President Sagasti has held many roles in his career, including leading FINCyT, a government fund to support initiatives in science and innovation.
Women in Peru have been breaking paradigms for thousands of years. Literally.
This week, archaeologists concluded that 9,000 year-old skeleton of a woman found in the Andean highlands in Peru indicated that she was a hunter, rather than a gatherer. She was buried with a “big-game hunting kit,” according to the New York Times. While this finding was surprising to some scientists, it won’t be to the many female startup founders currently living in Peru today.
In fact, also this week, three Peruvian women were selected as finalists for the WeXchange Pitch Competition as part of the WeXchange forum, the largest forum for female technology entrepreneurs in Latin America.
Most conferences in Peru have themes that are variations of “How can we build a better future?” Well, next week’s Innovate Peru Summit shows that the future is here and is being built by tech entrepreneurs.
With speakers like David Velez, CEO of Nubank, Mariana Costa, CEO of Laboratoria, and Simon Borreo, CEO of Rappi, it isn’t exaggeration to say this is the most significant conference of the year in Peru.
We are experiencing accelerating changes in food consumption in Latin America, and it is essential to tackle the sustainability issue now. Peru startup Sinba does just that, and investors have taken notice.
While well-known tech startups aim to get food to the end consumer, Sinba ensures the food waste is dealt with properly. Founders Pipo Reiser and Andrea Rivera recently raised an investment round that included participation from local individual investors and IDB Lab.
This week I’m sharing an article I recently wrote for Crunchbase. Many startups have found innovative ways to adapt and thrive through the current crisis. There are great examples from across Latin America, including a few startups with presence in Peru: Fitco, Poliglota and Joinnus.
Luis Narro es Director Ejecutivo de la Asociación Peruana de Capital Semilla y Emprendedor (PECAP). Previamente trabajó en Swiss EP y COFIDE. Más de 5 años de experiencia trabajando con organizaciones de soporte del ecosistema de emprendimiento en Perú, en especial, con los inversionistas de capital emprendedor.
Last year, I wrote about investment professionals from Peru taking on regional roles in the venture capital industry in Latin America. Well, the talent pool of Peruvians working in the startup community in Latin America continues to grow.
By some measures, this has been a down year for Peru startups seeking to enter acceleration programs. For example, no Peru startups were selected for the latest batches of Y Combinator or 500 Startups Latam.
However, in many ways, founders in Peru or local acceleration programs are moving forward. Only in the last month, over 20 up-and-coming Peru startups were selected to particiate in acceleration programs. Many are relative newcomers to the startup community.
Don’t worry, Ruta Startup is not launching a podcast.
Fortunately, there is no need. A great library of podcast content already exists for the regional tech scene, and the top podcasts in Latin America are interviewing members of the Peru startup community.
Here are a few podcasts featuring startup founders and investors in Peru.
On Wednesday August 19th, Roberte Arbe and I had the opportunity to share with startup founders during the Peru Venture Capital Series. We discussed considerations for raising funds from professional investors.
The session is in Spanish and titled:Preparando mi primera ronda de capital con inversionistas profesionales.
Many dominant corporations in Peru are currently in the midst of digital transformation. These initiatives to incorporate new technology help companies to maintain market share and add value to society by offering digital solutions to customers.
But, haven’t corporations had enough time to figure this out? Isn’t something still missing? Isn’t time for a new status quo?