Mike Hoey spotlights Colombia’s tech scale-up opportunity at Horasis Global Summit 2026

Mike Hoey, founder of Source Meridian, shed light on Colombia's growth potential in the tech scale-up sector during his appearance at the Horasis Global Summit 2026 held in Medellín. While the number of active startups in Colombia has risen by 9.3% to 2,295 in the past year, the journey from seed funding to a Series A remains challenging.

A BBVA Spark report revealed that only about one in ten Colombian startups successfully transition from seed funding to a Series A within 36 months, primarily due to funding cycle gaps. Hoey, among other panelists, discussed the need for increased access to capital, digital transformation, and sector-specific innovation. Sustainable scaling is now a major concern, particularly as innovation becomes more intertwined with Colombia's long-term development goals.