Uruguay’s Tech Sector Could Prove Promising for VCs

A few cool facts about Uruguay:
-1st country to host a World Cup (and win it as well)
-Uruguay is one of the most economically developed countries in Latin America, with a high GDP per capita and the 47th highest quality of life in the world
-Home of Blahsports.com
-Uruguay’s tech sector could prove promising for VCs

It might not be the best fact list in the World but it highlights some of the cool things about Uruguay, we love soccer, have a great standard of living and we might one day be "the financial center of Spanish-speaking Latin America". As a Uruguayan company, we have been extremely lucky to start-up with in the last few years because of attempts on behalf of private and public entities to foment innovation through technology; the last few years have almost been a kind of gold rush in the tech sector here after companies like Memory and Powerful Robot who opened up Uruguay to the rest of the World and we hope to be a part of the future of the tech sector here.

In this NYTimes article Buenos Aires based Vinod Sreeharsha takes a look at the future of the start-up economy that is now blooming in Uruguay and might lead to being a regional hub for the tech sector. The article is based on an interview with Prosperitas Capital Partners partner Pablo Brenner; PCP is the first and only venture capital firm in Uruguay and is one of the backers of Blahsports.com. Oh and ex-NASDAQ CEO Frank Baxter, thinks that “there is a momentum [in Uruguay] which is very exciting. It is just a matter of time.”


Congratulations to Pablo and the wonderful team at PCP for the article, keep up the good work!