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:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/GB56JFUJ3JCBNBLV23MNSD4JVE.jpg "Successive Cyberattacks In Colombia Expose Country’s Vulnerability")
Successive Cyberattacks In Colombia Expose Country’s Vulnerability
As attacks on a number of companies in the country reveal the vulnerability of its systems and users’ exposure, Bloomberg Línea talks to experts to find out what needs to be done
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/UJVU6IUY5FCRNMFRB23T5DVBIE.jpg "Colombian Startup KLYM Raises $27M, Targets Latin America Expansion")
Colombian Startup KLYM Raises $27M, Targets Latin America Expansion
According to KPMG, global venture capital investment dropped for the fourth consecutive quarter between October and December of last year
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/D4LEFWAPEBEU7DHI2LK74VAE6A.jpg "Why We May Not See More Latin American Tech Companies Go Public this Year")
Why We May Not See More Latin American Tech Companies Go Public this Year
Colombia’s Merqueo has begun proceedings before the SEC to launch an IPO, as the latest tech company from the region venturing into the NYSE, but going public may not always be the right path for a startup
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/WFWK4OMETVBZ5PLHKYOHX2WNTQ.jpeg "Proptech Unicorn Habi Raises $6.3 Million to Improve Operations, Portfolio")
Proptech Unicorn Habi Raises $6.3 Million to Improve Operations, Portfolio
The Colombian startup wants to embrace global standards for public companies. This year it will allocate more than $250 million to purchase residential properties
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/FMGR6JZZ7JETZJ3KQ5CS2N7T3I.jpg "Colombia’s Oil Industry Calls on Government to Accelerate Energy, Fiscal Transition")
Colombia’s Oil Industry Calls on Government to Accelerate Energy, Fiscal Transition
Amid the uncertainty surrounding the country’s oil industry as the government plans to review E&P contracts, sector insiders are calling for the energy and fiscal transition to take place “in the short term”
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/BIPSADCRKBB5DF3NVNFLG2VYDM.jpg "Brazil, Argentina and Mexico Rank Highest in Latin America on ‘Nation Brands’ Index")
Brazil, Argentina and Mexico Rank Highest in Latin America on ‘Nation Brands’ Index
The Anholt-Ipsos Nation Brands Index, which ranks Germany as the world’s top ‘nation brand,’ shows that Russia’s reputation as a brand has been battered by its invasion of Ukraine
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/SVLPVPDGTRDXFDYJ7UK7SZJ2KY.jpg "Twitter Layoffs: Uncertainty Persists at Platform’s Latin America Operations")
Twitter Layoffs: Uncertainty Persists at Platform’s Latin America Operations
The mass layoffs announced by Twitter last Friday also affected its main markets in Latin America: Brazil and Mexico, although it is not yet known how much
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/S4MDA5YQSVG5RKHLH7BURU7GLI.jpg "Red Tape Stymies Colombia’s Cannabis Production")
Red Tape Stymies Colombia’s Cannabis Production
The country’s cannabis industry association (Asocolcanna) says the strict regulations for growing the plant impede its production
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/726PO3S6D5EADDQNQUM6TIZEII.jpg "iFood to Shut Down Operations in Colombia in November")
iFood to Shut Down Operations in Colombia in November
The Brazilian company, valued at $5.4 billion, owns Domilicios.com in the country through a joint venture with Delivery Hero
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/63OWBCPP7ZE7LPZXWZFCYVZXEA.jpg "UK Scraps Tourist Visa for Colombians")
UK Scraps Tourist Visa for Colombians
Colombian tourists can now spend up to six months as tourists in the UK without requiring an entry visa
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/JO464BLVB5CB7ARZADMTE2IMNA.jpeg "Colombia’s Foodology Raises $50M With Funds from Maluma, Abu Dhabi’s Chimera")
Colombia’s Foodology Raises $50M With Funds from Maluma, Abu Dhabi’s Chimera
With around $185.4 million raised in recent years, foodtech is emerging as one of the most dynamic startup segments in Colombia
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/57P7U3T2QBGPZEFI4ZDVR5R4ZM.jpg "How a Colombian Coffee Brand Seduced Silicon Valley")
How a Colombian Coffee Brand Seduced Silicon Valley
Colombia’s Progeny Coffee, founded by María José Palacio, is being sipped at desks in the offices of Google, Meta, LinkedIn and Twitter, as well as in the cafeterias of luxury brands such as Louis Vuitton
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/UHYVX55V25GJLJYWS55S5MSNWY.jpg "Colombians Most Wary of Climate-Change Perils Among Latin Americans Surveyed")
Colombians Most Wary of Climate-Change Perils Among Latin Americans Surveyed
Amid discussions regarding energy transition and the conservation of the Amazon rainforest, Colombians are becoming increasingly aware of the effects of climate change on the environment
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/BDMOWA2XHBBFPJWQK57U7C7YMU.jpeg "What Changes Will the Reopening of the Colombia-Venezuela Border Bring?")
What Changes Will the Reopening of the Colombia-Venezuela Border Bring?
The closure of the border in 2019 forced millions of Colombians and Venezuelans to seek illegal crossing routes, and the reopening of the border promises to revitalize trade between the two countries
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/34F3H3TJCJH4HDT3KXXXXPXVX4.jpeg "Colombia and Venezuela Face Challenges as Border Reopens, Trade Resumes")
Colombia and Venezuela Face Challenges as Border Reopens, Trade Resumes
While a revival of tourism and binational trade are the positive aspects of the thawing in relations, there are issues to be overcome, such as the currency triad in Venezuela and outstanding debts to Colombian companies, among others
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/RLAGXDVCAJCCLHDNLLN4XD32LQ.jpeg "How Colombia Plans to Rekindle Trade With Venezuela")
How Colombia Plans to Rekindle Trade With Venezuela
After seven years of severed ties, Venezuelan companies’ debts with their Colombian counterparts is just one of the themes for Bogotá to tackle as the two countries reestablish trade links
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/HEJDCWT2YNFONKFQYD7PWHDSXE.jpg "Why Fewer Colombian Startups Are Striving for Unicorn Status")
Why Fewer Colombian Startups Are Striving for Unicorn Status
Entrepreneurs were obsessed with large investment rounds and rapid growth for years before the startup segment received a cold shower of reality
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/UHYNNHY2YJBNRLSXSOBOHBW3QI.jpg "Colombia’s Digital Entrepreneurs, Influencers Decry Proposed Tax Reforms")
Colombia’s Digital Entrepreneurs, Influencers Decry Proposed Tax Reforms
President Gustavo Petro’s proposed reforms will discourage content creation and stymie a multi-million-dollar industry, sector representatives say
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/AXOTZYGXVNBJXJDMLNDAWEPZP4.jpg "Why More Colombian Startups Are Forming and Finding Funding Abroad")
Why More Colombian Startups Are Forming and Finding Funding Abroad
For many entrepreneurs, raising capital in Colombia is not an option, and instead they look for partners abroad
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/HZE45RRL4NH4BEK4NI47WQV4QA.jpg "VC Funds Focusing More on Seasoned Founders than First-Time Entrepreneurs: Report")
VC Funds Focusing More on Seasoned Founders than First-Time Entrepreneurs: Report
In turbulent times, funding is being channeled to fewer startups in Latin America, with funds prioritizing experienced entrepreneurs, according to a LAVCA report
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/GNDWZTMHTJEEJNOJQMEYVCAKZU.jpg "Crypto Threatens Financial Stability, Security in Emerging Economies: UNCTAD")
Crypto Threatens Financial Stability, Security in Emerging Economies: UNCTAD
Possible financial instability and the risks associated with illicit financing flows give cryptocurrencies a dark side in emerging markets, according to a UN report
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/TQWAQLGSYFAWFEAH62V7XPE5WQ.jpg "Row Erupts in Colombia Over Use of GM Crops Amid Need to Boost Food Production")
Row Erupts in Colombia Over Use of GM Crops Amid Need to Boost Food Production
The country currently imports around 12 million tons of food, equivalent to 30% of its total consumption, according to Greenpeace
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/I5TEA4M5LJGM7BMOVIOAYAUYBU.jpg "Chile’s Boric Says Too Soon to Adopt Colombia’s Proposal for LatAm Common Currency")
Chile’s Boric Says Too Soon to Adopt Colombia’s Proposal for LatAm Common Currency
Colombia and Chile’s left-wing presidents, Gustavo Petro and Gabriel Boric respectively, agree on the need to strengthen the region’s integration mechanisms, although Boric says a common currency would require a longer process
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/OX6JE2XBUZHRJDUWHKZWTFFC4Q.jpg "Currency Depreciation in LatAm Sees More Remote Workers Choose Payments in Crypto")
Currency Depreciation in LatAm Sees More Remote Workers Choose Payments in Crypto
Remote workers in the region appear to trust more in cryptocurrencies to safeguard their capital than in pesos or reais
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/6CIPABQ6Q5B6JNNLE7PQKOJT7Q.jpg "Exclusive: Crypto Billionaire Owner of FTX Sees Potential for Deals in LatAm")
Exclusive: Crypto Billionaire Owner of FTX Sees Potential for Deals in LatAm
Sam Bankman-Fried spoke to Bloomberg Línea about his plan to rescue crypto, the need for regulation in the sector, and his interest in LatAm, among other topics
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/AS4RJLZMORECXJNX5CRZ6IRFJI.jpg "Which Latin American Cities Are the Strongest Seedbeds for Startups?")
Which Latin American Cities Are the Strongest Seedbeds for Startups?
North America continues to dominate the global ranking of ‘startup cities’, with 47%, while Asia is in second place with 30%, and the top-ranked Latin American city is São Paulo, according to Startup Genome
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/QV6HDS25YNDDLJLOFBHINERSUQ.jpg "Ebanx, Frubana Lay Off Staff as LatAm Startups Feel Market Backdrop")
Ebanx, Frubana Lay Off Staff as LatAm Startups Feel Market Backdrop
Brazil’s Ebanx cut 20% of its employees “to focus” on its core business of international payments; Frubana laid off less than 3% of its Brazilian staff
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/4PPJPVS7RRDYJFFFDEVI7UMH7Q.jpg "Latin American Unicorns Are Valued Way Above their Revenue Levels: Report")
Latin American Unicorns Are Valued Way Above their Revenue Levels: Report
Unicorns in the region represent just 3% of the companies that have raised capital, compared to 51% in the US and 17% in China
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/EJBXUWH2SBA7ZIK6CHQJFGQIO4.jpg "Colombian Startups Addi, Hunty Confirm Layoffs as Merqueo Exits Mexico")
Colombian Startups Addi, Hunty Confirm Layoffs as Merqueo Exits Mexico
As anticipated by Bloomberg Línea, the slew of redundancies in startups has gone from a threat to reality in Colombia
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/SQLN5JZDSZD3HPUW6M4C7RLRNE.jpg "Less is More: Value of VC Investments in Latin America Drops, Number of Deals Rises")
Less is More: Value of VC Investments in Latin America Drops, Number of Deals Rises
Startups in diverse sectors in the region expect the availability of funds to become more scarce in the second half of the year amid the ‘new reality’
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/KMYLIUDBRRB4TFVDHHEBSMOKMM.jpeg "Investor Appetite for Colombian Foodtechs Continues Despite Downturn")
Investor Appetite for Colombian Foodtechs Continues Despite Downturn
Amid the crisis that has hit many startups in Latin America, capital continues to flow into Colombian foodtech, with Cluvi and RobinFood among those raising financing rounds
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/FIW7XVBHF5DITOF3GNVDBKYB64.jpg "Headhunt for Latin American Tech Talent Follows Wave of Startup Layoffs")
Headhunt for Latin American Tech Talent Follows Wave of Startup Layoffs
Talent such as software developers is sorely lacking in the region, with the crisis bringing opportunities both for companies and individuals
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/KZM7PPEQURB2VMSSM57H5WXV2U.jpg "Colombian Startups Hit By Wave of Layoffs Sweeping Latin America")
Colombian Startups Hit By Wave of Layoffs Sweeping Latin America
At least 20 local startups have begun to shed personnel amid higher interest rates and less capital availability, pointing to tough days to come
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/DTLIURYGEBF53L6W7UH5R62Q3A.jpg "Colombian Startup Truora Acquires Brazil’s ZapSign")
Colombian Startup Truora Acquires Brazil’s ZapSign
Truora’s co-founder Maite Muñiz tells Bloomberg Línea about the company’s strategy for growth in Brazil
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/JQYCGNPI25FZ5HFSCFY2RK262A.jpg "Which Are Latin America’s Biggest Venture Capital Funds?")
Which Are Latin America’s Biggest Venture Capital Funds?
Venture capital funds are transcending borders and seeking to conquer Latin America. Which are the most powerful in the region right now?
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/6TZRWJUQSZDAJJ6GHAJ6PSETWY.png "Private Equity Still Has Faith In Chile, But Outlook Cloudier In Colombia, LAVCA Says")
Private Equity Still Has Faith In Chile, But Outlook Cloudier In Colombia, LAVCA Says
Despite the region’s political challenges, the outlook for investment is still vibrant, the Association for Private Capital Investment in Latin America’s director Ángela María Tafur says
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/D3DD5FRJV5DVBAWVWONDHBWEXM.jpg "Colombia Plans Large-Scale Solar Deployment In Indigenous Heartland")
Colombia Plans Large-Scale Solar Deployment In Indigenous Heartland
The facility comprises six solar power plants to serve the Indigenous Arhuaco population, and who will inherit the project
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/VNDO3VVFYFA3BOWKDYGX6G6F6U.jpg "What Can Latin America Learn from China’s Startup Boom?")
What Can Latin America Learn from China’s Startup Boom?
With more than 300 unicorns created and recent success stories such as ByteDance, China boasts a startup space that can serve as a lesson to Latin America as its own ecosystem matures
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/DKOEXHTGKNG6HKNQIVDFYO4HTM.jpg "Y Combinator: How to Get Onto the World’s Most Famous Startup Accelerator Program")
Y Combinator: How to Get Onto the World’s Most Famous Startup Accelerator Program
Lindsay Amos, Y Combinator’s spokesperson, shares some tips with Bloomberg Línea on how to form part of the program, from how to fill in a submission to how to have a successful interview
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/YODNXG7INZEA5HKVS2K5P5NAJQ.jpg "EXCLUSIVE | Justo & Bueno Receives $628M Lifeline, Plans Regional Expansion")
EXCLUSIVE | Justo & Bueno Receives $628M Lifeline, Plans Regional Expansion
Jhony Zhang, CEO and vice president of JF Capital, talks to Bloomberg Línea about the firm’s capital injection into the Colombian discount retail chain
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/72QK64W2PNF3FKIHURYVXCRCUM.jpg "Who Are the Economic Advisors Behind Colombia’s Presidential Candidates?")
Who Are the Economic Advisors Behind Colombia’s Presidential Candidates?
Amid the debates and the candidates’ proposals, well-respected and experienced economic advisors are playing a hand behind the scenes
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/J5MIAKHC45EGTDNRE753GHHE3M.jpg "Colombia Strives to Revive Its Flagging Cotton Industry")
Colombia Strives to Revive Its Flagging Cotton Industry
The industry enjoyed golden years until the 1970s, when production began to decline, and the country ceased exporting cotton in 2014, but now aims to rekindle output
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/GMXLJV2HC5ESFCSX4CY34R3B24.jpg "Mexico’s Pros And Cons As a Springboard for Startup Expansion")
Mexico’s Pros And Cons As a Springboard for Startup Expansion
In the first three months of this year, VC investments in startups in Mexico totaled $784 million, a year-on-year increase of 4.76%
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/GZOZDSULHRDI5B65ZHP7QLZJTI.jpg "Eight VC Firms Dominate Colombia’s Startup Space")
Eight VC Firms Dominate Colombia’s Startup Space
In the first three months of this year, venture capital activity in the country has been dominated by funds from the U.S., Brazil and Mexico
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/DL3OLS72YZFMROBIZCZ4JUH32E.jpg "Rebuilding Ukraine Is the World’s Responsibility, Former Minister Says")
Rebuilding Ukraine Is the World’s Responsibility, Former Minister Says
In an interview with Bloomberg Línea, former economic development minister Tymofiy Mylovanov talks about the effects of the war on his country and world food supplies
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/K7PM3HAKE5CXXI3FDJQXGJCLLI.jpeg "Crypto ‘Could Create New Job Opportunities in Latin America’")
Crypto ‘Could Create New Job Opportunities in Latin America’
The Center for International Private Enterprise welcomes the adoption of cryptocurrencies and the disruption they could bring to the labor market
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/T3IWEUU5L5HVJIGKH2J4PJHGP4.jpg "From Clothes and Drinks to NFTs: Colombia’s Cannabis Industry Blooms")
From Clothes and Drinks to NFTs: Colombia’s Cannabis Industry Blooms
Colombia’s cannabis industry is diversifying following new legislation allowing for industrial use of the plant
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/6FRXWZ7RPJEJLIVK5N3UPJZ55I.jpg "Colombian Who Started Out Cleaning Tables Now Manages McDonald’s in 4 Countries")
Colombian Who Started Out Cleaning Tables Now Manages McDonald’s in 4 Countries
Hired at age 14, Héctor Orozco now manages the fast food company’s operations in Colombia, Aruba, Curaçao and Trinidad and Tobago
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/VG7BNW4E7FHVVOP4NCMY75XUWM.jpg "Latin America’s Rubber Industry Looking to Bounce Onto the World Stage")
Latin America’s Rubber Industry Looking to Bounce Onto the World Stage
The region has the capacity to produce up to 1.5 million tons of the product over the next five years, but output would still be well below that of Asia
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/7GDFHMGA75F3NAQ5AJRJQNXCQM.jpg "Colombian Coffee Production, Exports Fall Amid Climate Change")
Colombian Coffee Production, Exports Fall Amid Climate Change
Coffee production dropped 16% in February, while exports have declined by 14% so far this year