Capital raising services in Ecuador
Ecuador's VC market is small and emerging but the dollarized economy provides a structurally cleaner investment environment, removing the FX risk that complicates growth rounds in neighbouring markets.
Kushki's growth into one of Latin America's leading payment rails and Tipti's marketplace scale have demonstrated that Ecuadorian companies can achieve regional reach, attracting Pacific Alliance and US growth-stage investors.
Flow leads mid- to late-stage VC fundraising processes for Ecuadorian founders: investor targeting from our VC network, pitch deck and operating and financial model build, and end-to-end process management - from first-call preparation through term negotiation - with the goal of raising growth capital on the best available terms.
UK
Ireland
France
Germany
Spain
Portugal
Italy
Netherlands
Belgium
Switzerland
Austria
Denmark
Sweden
Norway
Finland
Iceland
Poland
Czech Republic
Slovakia
Hungary
Romania
Greece
Croatia
Estonia
Latvia
Lithuania
Malta
US
Canada
Mexico
Brazil
Argentina
Chile
Colombia
Peru
Uruguay
PanamaEcuador
Dominican Republic
Israel
UAE
Saudi Arabia
Qatar
Kuwait
Bahrain
South Africa
Nigeria
Kenya
Egypt
Morocco
Rwanda
India
Kazakhstan
Turkey
Australia
New Zealand3
VC rounds raised in the last 12 months in Ecuador
-
Median VC valuation (across all stages) in Ecuador
-
Median VC revenue multiple (across all stages) in Ecuador
$10M
Largest VC round raised in Ecuador in the last 12 months
Raising venture capital in Ecuador
Ecuador's VC market is small and emerging. Most material venture-backed rounds at Series A and later involve an offshore holding structure (Delaware) for international investor familiarity.
Documentation conventions
Most venture-backed Ecuadorian rounds use offshore-parent (Delaware) NVCA-aligned documentation. Pure-Ecuadorian rounds adapt to Sociedad Anónima or Sociedad por Acciones Simplificada mechanics.
SAFEs and convertibles
Y Combinator SAFEs are widely used in Ecuadorian seed and Series A rounds with a Delaware parent. Local convertibles are used in pure-Ecuadorian structures.
Holding structure choice
Most venture-backed Ecuadorian companies operate via a Delaware holding parent over Ecuadorian operating subsidiaries - preserves international investor familiarity and exit mechanics.
Round structure norms
Priced rounds use 1x non-participating liquidation preference with broad-based weighted average anti-dilution. Founder vesting (4-year, 1-year cliff) is increasingly standard.
Foreign investment treatment
Ecuador's FDI regime is relatively open; specific approvals apply in defence, broadcasting and certain critical infrastructure. Most pure-tech rounds operate without sector-specific approval.
Closing mechanics
Closings vary by structure - offshore-parent closings follow international conventions. Ecuadorian-domestic closings involve Superintendencia de Compañías filings and notarial procedures.
Largest private tech companies in Ecuador
Kushki valued at $1.5B is the largest still privately-owned company in Ecuador.
See all large tech companies in Ecuador| Logo | HQ | Description | ||||
|---|---|---|---|---|---|---|
Kushki | | New York-headquartered Kushki delivers a payments platform optimized for Latin America, handling credit and debit cards, bank transfers, and cash collections at 300,000 physical points. The API enables seamless integration for e-commerce, mobile commerce, and in-store transactions across fragmented ecosystems. Operations cover Brazil, Chile, Colombia, Ecuador, Mexico, Peru, USA, and Canada. Launched in 2016, Kushki processes billions in volume for merchants like Despegar and serves enterprises scaling regional commerce. | Jun-22 | $100M Series B | $1.5B |
Startups who recently raised money in Ecuador
Largest VC round raised recently in Ecuador was a $10M Series A of Jelou.ai in January 2026.
See all VC rounds in Ecuador| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Jan-26 | Jelou.ai | | Jelou.ai creates AI conversational agents as SaaS for businesses to deploy customer service, sales, and support bots via WhatsApp, Telegram, and web chat. The platform enables no-code setup of multilingual agents handling bookings, queries, and transactions without custom app development. | Collide CapitalKrealo+1 | $10M | - | Series A |
Top VCs and strategic investors in Ecuador
Wellington Access Ventures, Carbon13, Krealo and Collide Capital funded the most startups in Ecuador in the last 12 months.
See all VCs in Ecuador| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
W | Wellington Access Ventures | | Wellington Access Ventures is the venture capital arm of Wellington Management, targeting early-stage companies. | Jelou.ai | 1 | Series A |
Carbon13 | | Carbon13 is a London-based venture builder accelerating climate tech startups. The firm incubates companies in carbon removal, circular economy, and biodiversity credits, launching ventures like bio-based plastics producers. Founded in 2022, it operates studios in UK and Germany with corporate partners from energy sectors. | Nina EnergyFermtechTetraxAI+1 | 1 | Pre-seed | |
Krealo | | Krealo is the Lima-based corporate venture capital division of Credicorp that invests in fintech and financial services startups across Peru, Colombia, Bolivia, and Ecuador. Established in 2018, it provides funding and operational support to early-stage companies enhancing the group's ecosystem, with portfolio firms including Yape and Mibanco ventures. | Jelou.aiAkuaRemitee+1 | 1 | Series A | |
Collide Capital | | Collide Capital is a San Francisco-based venture capital firm investing in underrepresented founders building technology companies. It manages a portfolio targeting sectors like fintech, healthtech, and consumer software where diverse leadership drives innovation. The firm provides capital alongside mentorship and network access to facilitate scaling and exits. Structured for inclusivity, Collide Capital prioritizes teams from Black, Latinx, and women-led startups in seed to Series A stages across the United States. | Jelou.aiPrefix MaintenanceFlourish Care+1 | 1 | Series A | |
ABSeed Ventures | | ABSeed Ventures is a São Paulo-based seed investor targeting B2B SaaS companies in Latin America. The fund backs early-stage startups with capital and hands-on support in inbound marketing, inside sales, channel partnerships, and customer success strategies. ABSeed maintains an ecosystem of technology advisors and growth operators to scale software platforms in enterprise sales automation, CRM, and vertical SaaS for industries like fintech, healthtech, and edtech. | ConstruexGedankenVAAS+2 | 1 | Seed | |
Fifth Wall | | Fifth Wall is a Santa Monica-headquartered venture capital firm specializing in PropTech investments for the global real estate sector. Established in 2016 as a Certified B Corporation, it oversees $3 billion in commitments and capital under management. The firm links more than 90 strategic limited partners across over 15 countries, including CBRE, Marriott International, Lennar, and British Land, with startups reshaping the built environment. Its portfolio features companies like Opendoor, Procore, and VTS, driving innovations in property management, construction, and commercial real estate. Fifth Wall maintains a presence in North America and Europe, fostering collaborations that accelerate technology adoption among major property owners and operators. | ConstruexRenoFiBreezy+2 | 1 | Seed | |
Zacua Ventures | | Zacua Ventures is a Mexico City-headquartered early-stage venture capital firm targeting investments in the built environment sector worldwide. The fund backs startups developing technologies for construction, real estate, and urban infrastructure, including proptech, sustainable materials, and smart city solutions. With a portfolio spanning Latin America, Europe, and North America, Zacua Ventures supports founders addressing housing affordability and climate-resilient buildings through seed and Series A rounds. | ConstruexCONXAINeuron Factory+2 | 1 | Seed | |
Techstars | | Techstars is a Boulder-headquartered global network founded in 2006 that operates over 50 accelerators annually across 15 countries. It invests $120,000 in exchange for 6 percent equity in 500 startups yearly, spanning AI, sustainability, and healthcare. The firm manages a venture fund deploying capital into alumni companies and runs corporate partnerships with brands like Amazon and Barclays for innovation pilots. Techstars portfolio exceeds 3,500 companies valued over $15 billion collectively. | VamosManifestSeasats+2 | 1 | Pre-seed | |
Terracotta Ventures | | Terracotta Ventures is a venture capital fund targeting construtech and proptech startups in Latin America. São Paulo-based, it invests in seed to Series A rounds for companies digitizing construction management, real estate marketplaces, and sustainable building materials. Terracotta Ventures has backed firms like QuintoAndar in Brazil and Klabin in modular housing, managing a portfolio across Mexico, Colombia, and Argentina. | ConstruexCUBMySide+2 | 1 | Seed |
What if not VC? Non-equity funding in Ecuador
Ecuador's non-dilutive funding stack is moderate but accessible - between CFN lending, SENESCYT grants and the USD-denominated environment, Ecuadorian startups have multiple paths to extend runway.
CFN and BanEcuador
CFN and BanEcuador provide subsidised lending and guarantees for Ecuadorian SMEs and exporters. The main public-sector capital sources outside dedicated VC.
SENESCYT programmes
SENESCYT administers R&D and innovation programmes including incentives for Ecuadorian innovation projects. Slow but non-dilutive.
USD-denominated environment
Ecuador's use of the US Dollar removes currency conversion risk for USD-denominated rounds and operations. Material structural advantage relative to peer Latin American markets.
Ecuadorian angel ecosystem
Kushki, Tipti and other Ecuadorian tech alumni anchor a small but active angel scene. Endeavor Ecuador and dedicated networks coordinate structured angel investment.
Pacific Alliance and Andean Community access
Ecuador's Andean Community membership and access to Pacific Alliance markets provide regional integration advantages for export-oriented Ecuadorian tech businesses.
Cross-border venture debt
Cross-border providers operate in Ecuador occasionally; CFN provides public-backed SME lending. Typically deployed against ARR or contracted revenue from Series A onwards.
Why Flow Partners as your capital raising advisor?
Kraft KPI-driven narrative
High-growth companies require thorough understanding to accurately capture their value potential. We build compelling, data-driven equity stories that resonate with investors and minimize due diligence intensity.
Move fast and cut the BS
We have a strong appreciation for the power of speed and efficiency when fundraising. Expect a rigorously efficient deal process with minimized management distraction. Founders run the business, we pick up the heavy lifting.
Access relevant investors
Our close relationships with leading late-stage VC and growth equity investors as well as non-traditional capital providers, like family offices and sovereign wealth funds, enable us to find best-fit partners for a given scenario.
Valuation is only one part of the equation
When it comes to growth capital, valuation is only one side of the medal. We help to bridge incentive gaps between founders and investors and make sure you raise money on best possible terms.
We provide capital raising services across Ecuador and beyond
Sector expertise
Explore our VC fundraising offering across a variety of tech sectors in Ecuador.
Software
Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity
AI & ML
Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting
Fintech
Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software
Consumer internet
Consumer software subscription platforms, edutech, online content, social networks, online dating
Digital media
Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR
E-commerce & marketplaces
Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms
Consumer products
Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products
Mobility
Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure
Digital health
Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS
Industrial technology
Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing
Digital infrastructure
Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS
IT services
Software development and testing, digital transformation, cloud services, advertising agencies, IT support services
Selected case studies
We've advised companies from series A to series D and beyond.
Our capital raising experience spans across various tech sectors and geographies.
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
Recently completed VC fundraising projects
Selected capital-raising mandates and prior investment experience.
Got questions?
Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.
More services
We're with you before and after raising VC money: we help you organise your FP&A as fractional CFOs, and coordinate your M&A process.
Fractional CFO in Ecuador
We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.
Learn moreM&A in Ecuador
We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
Learn moreTalk to us
Schedule a call to get a health check on your business and see how we could help.
Fractional CFO
- Fractional CFO for Software
- Fractional CFO for AI & ML
- Fractional CFO for Fintech
- Fractional CFO for Consumer internet
- Fractional CFO for Digital media
- Fractional CFO for E-commerce & marketplaces
- Fractional CFO for Consumer products
- Fractional CFO for Mobility
- Fractional CFO for Digital health
- Fractional CFO for Industrial technology
- Fractional CFO for Digital infrastructure
- Fractional CFO for IT services
Stages
Countries
- UK Fractional CFO
- Ireland Fractional CFO
- France Fractional CFO
- Germany Fractional CFO
- Spain Fractional CFO
- Portugal Fractional CFO
- Italy Fractional CFO
- Netherlands Fractional CFO
- Belgium Fractional CFO
- Switzerland Fractional CFO
- Austria Fractional CFO
- Denmark Fractional CFO
- Sweden Fractional CFO
- Norway Fractional CFO
- Finland Fractional CFO
- Poland Fractional CFO
- Estonia Fractional CFO
- US Fractional CFO
- Canada Fractional CFO
- Mexico Fractional CFO
- Brazil Fractional CFO
- UAE Fractional CFO
- Australia Fractional CFO
Cities
- London Fractional CFO
- Dublin Fractional CFO
- Paris Fractional CFO
- Berlin Fractional CFO
- Madrid Fractional CFO
- Lisbon Fractional CFO
- Milan Fractional CFO
- Amsterdam Fractional CFO
- Brussels Fractional CFO
- Zurich Fractional CFO
- Vienna Fractional CFO
- Copenhagen Fractional CFO
- Stockholm Fractional CFO
- Oslo Fractional CFO
- Helsinki Fractional CFO
- Warsaw Fractional CFO
- Tallinn Fractional CFO
- New York Fractional CFO
- Toronto Fractional CFO
- Mexico City Fractional CFO
- São Paulo Fractional CFO
- Dubai Fractional CFO
- Sydney Fractional CFO