Colombian Startups With Funds Locked In SVB Recount Hours of Anxiety

Founders of startups affected by the failure of Silicon Valley Bank, such as Truora and Hoy Trabajas, tell Bloomberg Línea of their experiences

Bloomberg Linea

13.Mar.2023 20:10 BRT

Some of Colombia’s most-renowned entrepreneurs, such as Alexander Torrenegra, founder of remote work platform Torre (which raised $10 million in a seed round in 2021); Daniel Bilbao, leader of the identity verification startup Truora (which raised a $15 million Series A in 2022); and Rubén Córdoba, CEO of employment platform HoyTrabajas, which raised a $3.5-million seed round in 2022, recount how their money became trapped by the collapse of Silicon Valley Bank (SVB).

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