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The Startup Ecosystem of Venezuela

Venezuela has 1 city in the top 1000 and is one of South America’s best countries for setting up a startup.

COUNTRY RANKING

Since 2024, Venezuela lost 2 spots in the Global Startup Ecosystem Index, having now positioned itself as 108th worldwide.

Population

28.8
Million

Regional Ranking

10th
-
1
In South America

Global Ranking

108th
-
2
Worldwide

Startups

Venezuela Top Startup Industries

Software & Data icon
Software & Data
8 startups
Marketing & Sales icon
Marketing & Sales
5 startups
Social & Leisure icon
Social & Leisure
4 startups

Ecosystem HealthCheck

Venezuela Ecosystem Health Check

The health check tables allow you to look at the performance Venezuela has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
IndustryGlobal rankMomentum YoYNumber of Startups
Global10834
Ecommerce & RetailN/A04
Edtech00.0000.0000.00
Energy & Environment00.0000.0000.00
Fintech00.0000.0000.00
Foodtech00.0000.0000.00
Hardware & IoT00.0000.0000.00
Healthtech00.0000.0000.00

ECOSYSTEM

Browse the startup ecosystem database of Venezuela

Download list
Cashea startup logo
Fintech | Financial Services
Unranked
Yummy startup logo
Foodtech | Online Food Ordering
Unranked
SinCola startup logo
Software & Data | Artificial Intelligence
Unranked
Unranked
MediConecta startup logo
Healthtech | Health Care
Unranked
Vikua startup logo
Hardware & IoT | Smart Cities
Unranked
Suplymos startup logo
Ecommerce & Retail | Marketplaces
Unranked
Quik startup logo
Foodtech | Online Food Ordering
Unranked
La Wawa startup logo
Transportation | Logistics
Unranked
Ridery startup logo
Transportation | Ride-Hailing
Unranked
DANAConnect startup logo
Software & Data | SaaS
Unranked

Browse 23 more startups in Venezuela with the pro account.

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Startup Ecosystem Charts

Startup Funding in Venezuela2017 - 2024

Startup Funding in Venezuela 2017 - 2024

From 2022 to 2023, startup funding in Venezuela has decreased by 63.19%. During this period, the number of deals in Venezuela has decreased by 57.14%. Since 2017, total startup funding in Venezuela exceeded US$ $199.89M.

Average Funding in 2023

$9.56M

Venezuela
South America
-14.12% YoY

Funding in 2023

$28.68M

Venezuela
South America
-63.19% YoY

Deals in 2023

3

Venezuela
South America
-57.14% YoY

USD

Amount of Funding (USD)

Number of Deals

20172018201920202021202220232024$0.00$15.00B$30.00B$45.00B$60.00B02468

Ecosystem

The Startup Ecosystem in Venezuela

In 2024, Venezuela register a rise in Software & Data startups. Some of the most notable success stories in this industry are those of , Cashea.

Global Rank

Venezuela is ranked below the top 1000 startup ecosystems globally.

Top Industries

Venezuela’s startup scene is best represented in Software & Data, Marketing & Sales, and in Social & Leisure.

Top Cities for Startups in Venezuela - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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2024 National Rank CityGlobal Rank
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Total Score

Access subscores for 1000 cities and 100 countries

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Quantity Score
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Quality Score
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Business Score
1st
0
536th
+
22
0.417
00.00
00.00
00.00
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Download CSV file
Pro

Startups

Notable Startups in Venezuela
Cashea startup icon
Cashea
Yummy startup icon
Yummy
SinCola startup icon
SinCola

BLOG

Recent Posts

Mon Apr 14 2025

From Service-Based to Product-Based Economy – Lessons from North Macedonia

In this special episode of the Startup Ecosystem Podcast, we revisit a conversation from two years ago, recorded during a visit to North Macedonia. Eli David Rokah, CEO of StartupBlink, sits down with Igor Madjov, founder of Startup Macedonia, to explore how Skopje is evolving from a service-based IT outsourcing city into a product-driven startup […]

Wed Apr 02 2025

Corporate Startup Activity Index 2025

For the first time ever, 372 corporations across 30 countries, 11 major industries, and 10 sub-industries have been ranked based on how actively they engage with startups. StartupBlink’s Corporate Startup Activity Index  is the world’s first benchmark for corporate startup engagement — powered by real data, global partnerships with top corporations, governments and data sources, […]

Thu Mar 06 2025

The Impact of Government Support on Startups

A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]