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  • EuroCOP 3,649.29 -0.53% -COP 19.38Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote
  • Mexican pesoCOP 177.59 +0.50% +COP 0.89Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote

Young finance and tech talent leads an incipient wave of return to Venezuela

FinanceInternationalEl EspectadorAI summary
Image: El Espectador

A still small but growing group of Venezuelans in their thirties, with careers in banking, venture capital and startups in New York, Miami, Mexico City and Buenos Aires, is beginning to return to Venezuela after Nicolás Maduro's departure. They aim to tap an incipient startup and private capital ecosystem and the revitalization of the energy sector. Cases cited include Arqos Capital, Yummy, which has attracted nearly USD 100 million in investment, and Cashea, which raised USD 100 million in a Series B round.

In 40 seconds

  • Young Venezuelan investors and entrepreneurs, mostly in their thirties, are returning or splitting their time between Venezuela and abroad
  • Interest is concentrated in fintech, venture capital and opportunities tied to the energy sector
  • Yummy has attracted nearly USD 100 million in investment and Cashea raised USD 100 million in a Series B
Read the full story at El Espectador

IASummary generated by artificial intelligence from a story by El Espectador. It may contain errors: the original source prevails.

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