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Incubator/Accelerator
startupchile.org

Investments

360

Portfolio Exits

9

Funds

1

Partners & Customers

2

About Start-Up Chile

Start-Up Chile provides an accelerator program. The program of the Chilean Government is to attract early-stage entrepreneurs to start their businesses in Chile. It was founded in 2010 and is based in Santiago, Chile.

Headquarters Location

Agustinas 640 16TH floor

Santiago,

Chile

600 586 8000

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Latest Start-Up Chile News

FlixBus prepares to come to Chile this year

May 22, 2023

The European company specializes in intercity and international buses that run on electricity and biogas. They will touch down in Chile with a team headed by Santiago Echeverría, managing director of FlixBus Chile. The European company FlixBus, which specializes in sustainable buses that run on electricity, biogas and biofuel, will touch down in Chile in the second half of the year. Their team will be led by Santiago Echeverría, managing director of FlixBus Chile, who is a mentor at Start-Up Chile and former CEO of the start-up TRAINFES. The firm began in 2013, as a start-up in Germany, and today is positioned as a global mobility platform with a technological and sustainable focus, operating in Europe, the United States, Asia and Brazil. Chile will be Flixbus’s second market in South America, and the 41st country in the world in which it operates. Echeverría wrote to DF to explain, “Flixbus is making bus travel comfortable, sustainable and affordable for everyone, offering high safety and quality. Our goal is to also provide this standard of service for the people of Chile.” Business model The company’s business model is based on a commercial collaboration with local bus companies, mostly small and medium-sized, with which it establishes partnerships. While FlixBus takes control of technology development, network planning, operations control, marketing and sales, quality management and continuous product expansion, its partners take care of day-to-day operations. Echeverría states that in Chile they are already associating “with some of the largest companies in the market. We are also inviting other Chilean and international operators to talk with us about possible options for cooperation.” Part of FlixBus’s global plans is to implement the first long-distance buses to run on green hydrogen in 2024, through an agreement with the German technology company Freudenberg Sealing Technologies. They are also developing a long-distance electric bus with German vehicle manufacturer Daimler Truck, which is expected to be introduced to the fleet in 2026.

Start-Up Chile Investments

360 Investments

Start-Up Chile has made 360 investments. Their latest investment was in Codify as part of their Incubator/Accelerator on May 5, 2023.

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Start-Up Chile Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/24/2023

Incubator/Accelerator

Codify

Yes

1

3/18/2023

Seed

Outtrip

$0.06M

Yes

2

8/9/2022

Seed VC

Reversso

$1.6M

Yes

2

8/1/2022

Seed VC - II

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$99M

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10

7/14/2022

Incubator/Accelerator

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$99M

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10

Date

5/24/2023

3/18/2023

8/9/2022

8/1/2022

7/14/2022

Round

Incubator/Accelerator

Seed

Seed VC

Seed VC - II

Incubator/Accelerator

Company

Codify

Outtrip

Reversso

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Amount

$0.06M

$1.6M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

2

10

10

Start-Up Chile Portfolio Exits

9 Portfolio Exits

Start-Up Chile has 9 portfolio exits. Their latest portfolio exit was The Bridge on January 19, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/19/2023

Acquired

$99M

1

5/9/2022

Acquired

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$99M

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10

12/17/2021

Acquired

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$99M

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10

6/23/2020

Acquired

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$99M

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10

5/1/2020

Acquired

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$99M

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10

Date

1/19/2023

5/9/2022

12/17/2021

6/23/2020

5/1/2020

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Start-Up Chile Fund History

1 Fund History

Start-Up Chile has 1 fund, including Start-Up Chile SCALE.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/19/2015

Start-Up Chile SCALE

1

Closing Date

1/19/2015

Fund

Start-Up Chile SCALE

Fund Type

Status

Amount

Sources

1

Start-Up Chile Partners & Customers

2 Partners and customers

Start-Up Chile has 2 strategic partners and customers. Start-Up Chile recently partnered with Snap Compliance on March 3, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

3/1/2022

Partner

Costa Rica

Partner

Argentina

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0

Date

3/1/2022

Type

Partner

Partner

Business Partner

Country

Costa Rica

Argentina

News Snippet

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Sources

0

Start-Up Chile Team

11 Team Members

Start-Up Chile has 11 team members, including , .

Name

Work History

Title

Status

Lauris Bonnet

Founder

Current

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Name

Lauris Bonnet

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Work History

Title

Founder

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Status

Current

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