Top 20 SaaS VC (Venture Capital) Funds in Ecuador in September 2025
A list of 20 VC (Venture Capital) funds that invest in Saas startups based in Ecuador. We rank investors based on the number of investments they made in Saas companies from Ecuador. We update this investor list every month.Top 20 SaaS VC (Venture Capital) Funds in Ecuador in September 2025
| Investor | SaaS Ecuador investments | 
|---|---|
| BuenTrip Ventures | 6 | 
| Groupe Duval | 2 | 
| Zacua Ventures | 2 | 
| NJJ Capital | 1 | 
| Terracotta Ventures | 1 | 
| Mora Financial | 1 | 
| Fifth Wall | 1 | 
| ABSeed Ventures | 1 | 
| Invariantes Fund | 1 | 
| CREAS Ecuador | 1 | 
| 5 Eyes Ventures | 1 | 
| Gelt VC | 1 | 
| BREEGA | 1 | 
| Telefunken | 1 | 
| Esas Ventures | 1 | 
| B Venture Capital | 1 | 
| Winnipeg Capital | 1 | 
| Salkantay Ventures | 1 | 
| MACSF | 1 | 
| SVQUAD | 1 | 
            BuenTrip Ventures is a pre-seed VC firm in Quito, Ecuador, that leverages its position as one of the leading ecosystem builders in Latin America to identify, mentor, and invest in software-based startups that are transforming the region’s economy.
          
          Show more
          
            Investment focus
            
          - Software, SaaS, Financial Services
- Pre-Seed, Seed, Angel
- United States, Ecuador, Mexico
                          Portfolio highlights
              
        - Finnecto — Procure-to-pay (P2P) SaaS Solution. Finnecto automates purchase requests, policy reviews, approval workflows, vendor quotation digitalization and comparison, and purchase orders matching, effectively reducing manual and repetitive tasks. Finnecto makes procurement and daily operations of companies faster, cheaper, and more transparent whilekeeping spending under control.
- PayMon — PayMon integrates an ERP software with a user-friendly digital wallet for seamless payment processing, top-ups, and much more.
- Stride Conductor — Conductor is a GenAI product designed to streamline software development processes by automatically generating quality tests code and user stories to make your team move faster and deliver value. The best AI tool for software testing.
            Groupe Duval is a real estate firm that involve in real estate development and investment, project management, and consulting.
          
          Show more
          
            Investment focus
            
          - E-Commerce, SaaS, Consumer Goods
- Seed, Series A, Angel
- France, Ecuador
                          Portfolio highlights
              
        - Pixmania — Pixmania is an e-commerce website that provides buying and selling of speakers, cameras, headphones, and mobile devices.
- XXII GROUP — With more than 50 employees, XXII designs, develops and markets a SaaS platform for deploying and configuring algorithms for video stream analysis: XXIICORE. Our solution has already convinced companies in many sectors and local authorities, whose teams measure the benefits of video analysis assisted by our algorithms every day.
- PIXmania.com — PIXmania is a pan-European electrical e-tailer operating in 26 countries. PIXmania has been growing its market positions across Europe while leveraging the benefits of being part of the Dixons Retail Group. Pixmania now serves more than 7 million customers over Europe with a wide range of product categories.
            Investing in the next generation of built environment entrepreneurs
          
          Show more
          
            Investment focus
            
          - Construction, Artificial Intelligence, Software
- Seed, Pre-Seed, Series A
- United States, Germany, Ecuador
                          Portfolio highlights
              
        - Outbuild — Construction scheduling and planning, made easy.
- Algoma — We automate real estate development for developers to lower costs and save time. Proptech, startup, AI, real estate, construction, multifamily development, apartment construction, housing projects, residential, urban, project management, high-rise residential construction, energy-efficient construc
- Document Crunch — Identify risks, standardize your process, & get a project playbook with our AI-assisted solutions. Learn how we can save you 8 hours a week with a free demo.
            NJJ Capital is an investment vehicule of Xavier Niel
          
          Show more
          
            Investment focus
            
          - Apps, Android, Computer
- Seed, Series A
- France, Ecuador
                          Portfolio highlights
              
        - Leviia — Leviia is the cloud storage company that fights to protect the environment and ensure reforestation.
- PIXmania.com — PIXmania is a pan-European electrical e-tailer operating in 26 countries. PIXmania has been growing its market positions across Europe while leveraging the benefits of being part of the Dixons Retail Group. Pixmania now serves more than 7 million customers over Europe with a wide range of product categories.
- Zenly — zenly your world
            Terracotta Ventures is a venture capital in Latin America focused on investment in Construtechs and Proptechs.
          
          Show more
          
            Investment focus
            
          - Real Estate, Construction, SaaS
- Seed, Series A, Funding Round
- Brazil, Ecuador
                          Portfolio highlights
              
        - Livance — Healthcare Infrastructure as a Service
- Construex — Construex is a B2B SaaS construction marketplace for Latin America. We bring together suppliers and users of constructions supplies and services. We are bringing digital commerce to a huge industry ruled by legacy commerce.
- CredAluga — CredAluga is a B2B2C fintech company that offers innovative financial solutions for rental partnering with Real Estate Agencies in Brazil. CredAluga combines Technology, Credit and Real Estate expertise to offer innovative financial solutions that make rental seamless for tenants, safer for landlords and empower real estate agencies. With officesin São Paulo and Minas Gerais, CredAluga has local partners nationwide. Founded by experienced entrepreneurs with a strong track record in the real estate market, CredAluga is growing rapidly, with a mission-driven multidisciplinary team.
            Invest in Pre-IPO deals
          
          Show more
          
            Investment focus
            
          - Financial Services, FinTech, Software
- Seed, Pre-Seed, Series A
- United States, India, Peru
                          Portfolio highlights
              
        - Databits — Databits offers world-class training oriented to solving real-world industry challenges. Our professor team comprises industry experts certified in the most demanding skills and tools. We teach Artificial Intelligence, Python, Machine Learning, Data Engineering, Spark, Big Data, Data Analytics, Data Governance, Power BI, Databricks, Azure, andmore. We have customers in Mexico, Ecuador, Bolivia, and Nicaragua, where we have trained +3000 professionals and +20 large regional companies.
- Finta — Porter is an accounting platform that's specifically built for startups. Easily integrate with your financial tools like Stripe, Brex, Ramp, Mercury, Gusto, Rippling, Pulley, etc., and automate the tedious parts of bookkeeping accurately! It's simple, fast, and fairly priced, so you don't have to pay expensive bookkeepers!
- Refine — Build React-based internal tools, admin panels, dashboards & B2B apps with unmatched flexibility.
            The largest asset manager investing at the intersection of real estate and technology.
          
          Show more
          
            Investment focus
            
          - Real Estate, Software, SaaS
- Series A, Series B, Series C
- United States, Brazil, Spain
                          Portfolio highlights
              
        - Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
- Runwise — Thousands of buildings use Runwise's unique wireless control, sensor network and software platform to operate their heating systems better.
- Juniper Square — Juniper Square is the leading provider of investment management software and solutions for real estate and private equity fundraising, investor reporting, and more.
            A.B.Seed Ventures focuses on SaaS and B2B recurrence models already in operation, with signposts of user engagement with products and services. It seeks founders with proven experience in space, complementary skills and total commitment to the business.
          
          Show more
          
            Investment focus
            
          - Software, SaaS, Financial Services
- Seed, Funding Round, Pre-Seed
- Brazil, Ecuador
                          Portfolio highlights
              
        - Construex — Construex is a B2B SaaS construction marketplace for Latin America. We bring together suppliers and users of constructions supplies and services. We are bringing digital commerce to a huge industry ruled by legacy commerce.
- OmniK — OmniK is a software development process that provides a SaaS platform to revolutionize digital retail.
- Clinia — The patient communication platform
            Bridging the gap between vision and reality.
          
          Show more
          
            Investment focus
            
          - Software, Health Care, Financial Services
- Seed, Pre-Seed, Convertible Note
- United States, Mexico, Chile
                          Portfolio highlights
              
        - Foccuz — Foccuzz offers software that automates all operations by connecting multiple data sources, allowing for real-time visibility, increased efficiency, more revenue, and faster data-driven decision-making.
- Holacasa — Holacasa te ayuda a conseguir tu hipoteca, comparando +11 bancos. Sin costo ni compromiso.
- ConfiAbogado — ConfiAbogado is an online legal firm that provides legal solutions to low-income people.
            CREAS Ecuador invest in companies that have a positive social or environmental impact.
          
          Show more
          
            Investment focus
            
          - EdTech, Big Data, Analytics
- Pre-Seed
- Ecuador
                          Portfolio highlights
              
        - Databits — Databits offers world-class training oriented to solving real-world industry challenges. Our professor team comprises industry experts certified in the most demanding skills and tools. We teach Artificial Intelligence, Python, Machine Learning, Data Engineering, Spark, Big Data, Data Analytics, Data Governance, Power BI, Databricks, Azure, andmore. We have customers in Mexico, Ecuador, Bolivia, and Nicaragua, where we have trained +3000 professionals and +20 large regional companies.
            5 Eyes is the best syndicate in the world investing in early stage startups from day 1
          
          Show more
          
            Investment focus
            
          - Apps, SaaS, Music
- Seed, Pre-Seed
- United States, Ecuador
                          Portfolio highlights
              
        - IndieFlow — IndieFlow developed a workflow management platform for the music industry. The platform provides a centralized platform to manage music industry workflows and streamline the major building blocks of an artist’s career. It enables users to manage creative projects, distribute to streaming platforms, collect roylaties, register music with royaltycollection societies, promote music, book gigs, receive payments and more.
- Autority.io — Owning a car is amazing, but administering it is a hustle. Owners are overwhelmed with the amount of services that need to keep up: insurance, parkings, tolls, fines, maintenance, tires, registration, gas, among others, and everything is done independently and decentralized.At Autority, we’ve built an App were we centralize services and benefitsrelated to a vehicle. We’ve built a network of AAA carshops were users have access to free perks and discounts, we’ve integrated parking lots to make users entry and exit cashless, we give users alerts on fines they’ve received, we inform users on their use of tolls preventing them getting fined, we are able to display their insurance information and benefits, we leverage discounts on gas, and the best, we keep a digital track of everything guaranteeing our client a better resale price of his car.
- CalmiGo — CalmiGo's advanced technology provides relief from moments of anxiousness and stress in under three minutes by regulating breathing patterns and stimulating senses. The patented and portable device is safe, drug-free, and effective.
            We back ambitious founders solving complex problems
          
          Show more
          
            Investment focus
            
          - Software, Internet, Marketplace
- Seed, Pre-Seed, Series A
- United States, Canada, Brazil
                          Portfolio highlights
              
        - Jupe — Jupes are off-grid dwellings built to be mobile, from deep nature retreats to concert festivals. Each Jupe is electrified with charging outlets, climate controls, and a temperature-moderated queen mattress.
- Offsight — Factory ready project management software for the modular and offsite construction industry. We solve the delivery, quality, traceability and communication challenges of modular, offsite and project based manufacturing.
- SoleSavy — SoleSavy memberships provides you the tools and resources you need to successfully purchase the product you want for retail.
            VCs use all sorts of tricks to attract the best companies. We do too. But as founders, we know that the main reason you choose an investor to be a part of your journey is because you like them. You trust them. Their values align with yours.
          
          Show more
          
            Investment focus
            
          - Software, FinTech, Financial Services
- Seed, Series A, Funding Round
- France, United Kingdom, United States
                          Portfolio highlights
              
        - Griffin — Griffin is making a bank you can build on. They provide banking-as-a-service solutions for companies that want to offer financial services products. The company is currently seeking regulatory approval from the PRA and FCA to become the UK's first platform bank. It was founded in 2017 and based in London, England.
- Pensero AI — Pensero.ai is an AI-powered performance review platform for engineering teams, offering real-time insights, automated analysis, and ongoing feedback. Setup in just 5 minutes to enhance transparency, save managers 50 hrs, and promote a culture of growth.
- Brink Therapeutics — Brink Therapeutics is a Biotechnology Research firm conducting cell therapy research using reprogrammed recombinases.
            Telefunken is a radio and television equipment company that specializes in the development of wireless information transmission technology.
          
          Show more
          
            Investment focus
            
          - EdTech, Big Data, Analytics
- Pre-Seed
- Ecuador
                          Portfolio highlights
              
        - Databits — Databits offers world-class training oriented to solving real-world industry challenges. Our professor team comprises industry experts certified in the most demanding skills and tools. We teach Artificial Intelligence, Python, Machine Learning, Data Engineering, Spark, Big Data, Data Analytics, Data Governance, Power BI, Databricks, Azure, andmore. We have customers in Mexico, Ecuador, Bolivia, and Nicaragua, where we have trained +3000 professionals and +20 large regional companies.
            Esas Ventures is the venture capital arm of Esas Holding, one of the largest family-owned investment firms in Turkey and is backed by the first and second generation family members of Şevket Sabancı, one of the founding members of Sabancı Holding, a leading Turkish conglomerate.With offices in Istanbul and London, Esas Ventures invests in earlystage companies globally.
          
          Show more
          
            Investment focus
            
          - Health Care, E-Commerce, Software
- Seed, Series A, Funding Round
- United States, Kenya, Canada
                          Portfolio highlights
              
        - Procol — AI procurement software to transform your procurement process. Our procurement system streamlines purchases, optimizes spend, and boosts efficiency - Get a Free Demo
- Flora — Flora is the only sustainable brand platform acquiring and growing Amazon FBA brands with a world-class team of professionals.
- Gowit Technology — Unlock your retail media potential with GoWit's omnichannel Retail Media Advertising platform. Expand your audience reach, optimize bidding, and leverage first-party data for maximum conversions and privacy protection.
            BVC is a venture capital fund investing in Latin American startups at the seed and pre-seed stages. We partner with visionary entrepreneurs to build world-changing companies.
          
          Show more
          
            Investment focus
            
          - FinTech, Software, Financial Services
- Pre-Seed, Seed, Angel
- Brazil, Colombia, Peru
                          Portfolio highlights
              
        - Loopia — Loopia is an AI-based platform that centralize customer service in e-commerce and marketplaces, transforming support interactions into sales opportunities. With Luna, our intelligent AI agent, businesses can centralize and streamline their customer service, ensuring fast, efficient, and highly scalable support. By automating repetitive tasks andoptimizing response times, Loopia enables e-commerce companies to reduce operational costs while maximizing customer satisfaction and revenue growth.We believe that traditional customer service is outdated, our mission is to elevate it into a strategic sales driver. Every customer interaction should go beyond simple support, it should create meaningful engagement, build brand loyalty, and drive conversions. With Loopia, businesses don’t just solve customer issues, they unlock their full sales potential.
- Databits — Databits offers world-class training oriented to solving real-world industry challenges. Our professor team comprises industry experts certified in the most demanding skills and tools. We teach Artificial Intelligence, Python, Machine Learning, Data Engineering, Spark, Big Data, Data Analytics, Data Governance, Power BI, Databricks, Azure, andmore. We have customers in Mexico, Ecuador, Bolivia, and Nicaragua, where we have trained +3000 professionals and +20 large regional companies.
- Give4.Tech — Give4.Tech is a fintech firm that offers a global infrastructure for online giving.
            Winnipeg Capital (WC) is an investment and financial services firm that helps connect high potential companies and startups with growth opportunities through customized financial services, strategy advisory and smart capital.We believe Latin American offers a powerful platform to develop and scale solutions to fundamental problems that affect thebase of the pyramid . For this reason at our WC Startup Fund we invest in and support the best Latin American entrepreneurs to launch and scale regionally. Winnipeg invests across a variety of industries and sectors, including EdTech, AgTech and SaaS.
          
          Show more
          
            Investment focus
            
          - Education, Software, EdTech
- Seed, Pre-Seed
- Peru, Colombia, Chile
                          Portfolio highlights
              
        - Kashin — KASHIN is a microlending app that gives small loans to underbanked people and controls risk using social reputation scores & smartphone-based variables. Users increase their credit line and reduce interest rates according to their own credit behavior and their first degree referrals.
- Databits — Databits offers world-class training oriented to solving real-world industry challenges. Our professor team comprises industry experts certified in the most demanding skills and tools. We teach Artificial Intelligence, Python, Machine Learning, Data Engineering, Spark, Big Data, Data Analytics, Data Governance, Power BI, Databricks, Azure, andmore. We have customers in Mexico, Ecuador, Bolivia, and Nicaragua, where we have trained +3000 professionals and +20 large regional companies.
- Velocity — Velocity is a micro fulfillment dark store that delivers through digital channels.
            We Invest in the best teams leveraging technology to solve the most pressing challenges in Latin America
          
          Show more
          
            Investment focus
            
          - Financial Services, Education, EdTech
- Seed, Series A, Pre-Seed
- United States, Peru, Mexico
                          Portfolio highlights
              
        - Finnecto — Procure-to-pay (P2P) SaaS Solution. Finnecto automates purchase requests, policy reviews, approval workflows, vendor quotation digitalization and comparison, and purchase orders matching, effectively reducing manual and repetitive tasks. Finnecto makes procurement and daily operations of companies faster, cheaper, and more transparent whilekeeping spending under control.
- Mercately — Mercately is an e-commerce management center with powerful tools to improve the online store and customer service.
- minu — In minu, we are revolutionizing the financial health of Mexican employees, offering them access to their already worked salary when they need it, instead of having to wait for payroll. We work with HR areas of companies that offer the provision of minu to improve satisfaction, retention, and attraction of talent. minu is supported by FinTech'sleading institutional investors globally, including QED.
            Mutuelle d'Assurance du Corps de Santé Français (MACSF) is the provider of insurance to health professionals. MACSF protects and accompanies 950,000 members of all medical and paramedical specialties, offering professional and personal solutions in insurance, savings, financing, and pensions. Its products and services meet the real needs ofits members by accompanying them in the evolution of their profession and their projects.MACSF was founded in 1935.
          
          Show more
          
            Investment focus
            
          - Health Care, Artificial Intelligence, Medical Device
- Series A, Funding Round, Seed
- France, Spain, Ecuador
                          Portfolio highlights
              
        - Pixmania — Pixmania is an e-commerce website that provides buying and selling of speakers, cameras, headphones, and mobile devices.
- Singulier — Singulier partners with global private equity funds and portfolio companies to accelerate transformation and unlock value.
- RDS — RDS is a healthcare technology startup that specializes in remote patient monitoring solutions. The company's primary product, MultiSense®, is designed to help healthcare professionals continuously monitor patients' physiological parameters, whether they're in a hospital or at home. This innovative and multi-patented technology isaimed at improving patient pathways, which in turn enhances the quality of life and care efficiencies. The company's market is primarily hospitals (particularly surgical departments) and institutions that are looking for ways to improve patient care and reduce hospital stays. By facilitating early hospital discharge and continuous monitoring, RDS solution can contribute to significant healthcare savings. The MultiSense® solution is now CE marked (MDR) and is available for sale in several European countries. The company generates recurring revenues by providing the solution on a “fee for a service” business model to healthcare institutions and professionals. The product has been well-received in the market, earning multiple awards and the support of a vibrant community of clinicians. In addition to its primary product, RDS also provides services that help healthcare systems become more attractive and sustainable. This includes training and support for healthcare professionals to effectively use the MultiSense® technology. Keywords: Healthcare Technology, Remote Patient Monitoring, MultiSense®, Patient Pathways, Care Efficiencies, Hospital Discharge, Healthcare Savings, Clinicians, Physiological Parameters, Our main product, MultiSense®, is a comprehensive Remote Patient Monitoring Solution. MultiSense® offers healthcare professionals a high-precision, multi-parametric solution to continuously monitor patients’ physiological parameters in the hospital and beyond. MultiSense® combines a wearable patient monitor designed to capture high-accuracy physiological data with a cloud platform that helps transform these data into actionable clinical insights. MultiSense® is a patented medical device that has received multiple awards. MultiSense® has been validated by 6 completed clinical investigations.RDS relies on a talented and international team with deep subject-matter-expertise and a proven track record in the Healthcare and Medical Device sector. At RDS, we all share the same passion for bringing patient pathways to the next level.
            SVQUAD is an investment firm.
          
          Show more
          
            Investment focus
            
          - Software, Information Technology, Artificial Intelligence
- Seed
- United States, India, Singapore
                          Portfolio highlights
              
        - Flam — Flam is an AI-powered mixed reality (MR) publishing platform.
- Mercately — Mercately is an e-commerce management center with powerful tools to improve the online store and customer service.
- Skillfully — Skillfully builds AI-powered pre-hire simulations so employers can see past the resume to see applicant skills in action.
        Investors by industry
        
                      
              
      
      Google
            
                      
              Marketplace
            
                      
              Hardware
            
                      
              Energy
            
                      
              Proptech
            
                      
              Health Care
            
                      
              Biotech
            
                      
              Artificial intelligence
            
                      
              Climate
            
                      
              Consumer
            
                      
              Community
            
                      
              Impact
            
                      
              Gaming
            
                      
              FinTech
            
                      
              EdTech
            
                      
              Sustainability
            
                      
              Venture Capital
            
                      
              Big Data
            
                      
              Web3
            
                      
              B2B
            
                      
              Financial Services
            
                      
              Finance
            
                      
              Infrastructure
            
                      
              Education
            
                      
              Photography
            
                      
              Payments
            
                      
              Food and Beverage
            
                      
              Video Games
            
                      
              Organic Food
            
                      
              Retail
            
                      
              Beauty
            
                      
              Publishing
            
                      
              Clean Energy
            
                      
              Real Estate
            
                      
              Manufacturing
            
                      
              Art
            
                      
              Music
            
                      
              Android
            
                      
              Internet
            
                      
              Enterprise Software
            
                      
              eSports
            
                      
              Franchise
            
                      
              Sports
            
                      
              Construction
            
                      
              Digital Media
            
                      
              Email
            
                      
              Medical
            
                      
              Social Network
            
                      
              Wellness
            
                      
              Social Media
            
                      
              Mobile
            
                      
              Legal
            
                      
              Local
            
                      
              Recruiting
            
                      
              Cannabis
            
                      
              Platforms
            
                      
              Fitness
            
                      
              Travel
            
                      
              Mobile Advertising
            
                      
              Biotechnology
            
                      
              Hospitality
            
                      
              Social
            
                      
              Automotive
            
                      
              Crowdfunding
            
                      
              Wine And Spirits
            
                      
              Medical Device
            
                      
              CleanTech
            
                      
              Transportation
            
                      
              Mobile Apps
            
                      
              InsurTech
            
                      
              Enterprise
            
                      
              LGBT
            
                      
              Fashion
            
                      
              Oil and Gas
            
                      
              Life Science
            
                      
              Theatre
            
                      
              Film
            
                      
              Non Profit
            
                      
              Renewable Energy
            
                      
              SaaS
            
                      
              Sporting Goods
            
                      
              Restaurants
            
                      
              Social Impact
            
                      
              Software
            
                      
              Celebrity
            
                      
              Cryptocurrency
            
                      
              Machine Learning
            
                      
              Agriculture (agtech)
            
                      
              Media (entertainment)
            
                      
              Facebook
            
                      
              Blockchain
            
                  
        Investors by country
        
                      
              
      
      United Kingdom
            
                      
              Canada
            
                      
              South Korea
            
                      
              Ireland
            
                      
              United States
            
                      
              New Zealand
            
                      
              India
            
                      
              Germany
            
                      
              Australia
            
                      
              Armenia
            
                      
              South Africa
            
                      
              Spain
            
                      
              Japan
            
                      
              Africa
            
                      
              China
            
                      
              Sri Lanka
            
                      
              Singapore
            
                      
              Qatar
            
                      
              Asia
            
                      
              Indonesia
            
                      
              Vietnam
            
                      
              Oceania
            
                      
              LATAM
            
                      
              Middle East
            
                      
              Europe
            
                      
              Saudi Arabia
            
                      
              Brazil
            
                      
              Bulgaria
            
                      
              Belize
            
                      
              Bahrain
            
                      
              Croatia
            
                      
              Georgia
            
                      
              Belarus
            
                      
              Hungary
            
                      
              France
            
                      
              Ghana
            
                      
              Ethiopia
            
                      
              Gibraltar
            
                      
              Chile
            
                      
              Egypt
            
                      
              Finland
            
                      
              Costa Rica
            
                      
              Greece
            
                      
              Barbados
            
                      
              Belgium
            
                      
              Estonia
            
                      
              Bermuda
            
                      
              Czech Republic
            
                      
              Denmark
            
                      
              Algeria
            
                      
              Hong Kong
            
                      
              Ecuador
            
                      
              Faroe Islands
            
                      
              Liechtenstein
            
                      
              Liberia
            
                      
              Lebanon
            
                      
              Mauritius
            
                      
              Sierra Leone
            
                      
              El Salvador
            
                      
              Peru
            
                      
              Uganda
            
                      
              Venezuela
            
                      
              Sweden
            
                      
              Slovenia
            
                      
              Poland
            
                      
              Uruguay
            
                      
              Ukraine
            
                      
              Tajikistan
            
                      
              Puerto Rico
            
                      
              Portugal
            
                      
              Tunisia
            
                      
              Taiwan
            
                      
              Tanzania
            
                      
              Turkey
            
                      
              San Marino
            
                      
              Senegal
            
                      
              Togo
            
                      
              Uzbekistan
            
                      
              Serbia
            
                      
              Russian Federation
            
                      
              Zambia
            
                      
              Rwanda
            
                      
              Zimbabwe
            
                      
              Thailand
            
                      
              Dominican Republic
            
                      
              Norway
            
                      
              Israel
            
                      
              Azerbaijan
            
                      
              Iceland
            
                      
              Nigeria
            
                      
              Malaysia
            
                      
              Bahamas
            
                      
              Namibia
            
                      
              Iraq
            
                      
              United Arab Emirates
            
                      
              Jamaica
            
                      
              Mexico
            
                      
              Honduras
            
                      
              Nicaragua
            
                      
              Isle of Man
            
                      
              Bolivia
            
                      
              Luxembourg
            
                      
              Jersey
            
                      
              Panama
            
                      
              Pakistan
            
                      
              Albania
            
                      
              Morocco
            
                      
              Mali
            
                      
              Lithuania
            
                      
              Italy
            
                      
              Grenada
            
                      
              Jordan
            
                      
              Romania
            
                      
              Bangladesh
            
                      
              Argentina
            
                      
              Philippines
            
                      
              Kuwait
            
                      
              Malta
            
                      
              Myanmar
            
                      
              Kazakhstan
            
                      
              Cayman Islands
            
                      
              Kenya
            
                      
              Cambodia
            
                      
              Colombia
            
                      
              Oman
            
                      
              Latvia
            
                      
              Cyprus
            
                      
              Austria
            
                      
              Switzerland
            
                      
              Cameroon
            
                      
              Marshall Islands
            
                      
              Guatemala
            
                      
              Seychelles
            
                  
        VC (Venture Capital) Funds in Ecuador by industry