Massimiliano Tirocchi founded Shapermint, the Uruguayan company leading last year’s Financial Times chart, in 2018 and powers it using Shopify. The firm’s revenue in 2019 was US $9.8M, compared to $150M in 2020, and spending over $100K per day on Facebook ads, it surpassed Kim Kardashian’s Skims selling shapewear clothing in 2020. Light-it and Capicua, two companies that develop custom software and apps for prominent clients such as Best Buy, are the other Uruguayans on the list.
Representing Colombia, we have:
- Adsum: IT services and consulting company
- West Engineering: Solutions for the oil and gas sector
- Orometro: Mining company
- Biobolsa: Ecological bags and packaging seller
- Construcciones al Dia: Construction company, as its title suggest
And lastly, from Argentina and Mexico, we see Grupo Albanesi, a transportation energy company, and IDC, a micro-component technology supplier.
Colombia and Uruguay have proven to be attractive business environments for entrepreneurs, with many foreign tech companies seeking out their talent. In Bogotá, HubSpot announced the opening of an office in 2018; Google partnered up with Antel, Uruguay’s telecom state company, and completed a fiber optic cable that connects Uruguay to the United States in 2017. The two relatively small nations continue to be a hotbed for entrepreneurship, inspiring other emerging markets worldwide.