Uruguay Tech Veteran Sees Three More Unicorns Emerging Soon

  • GeneXus founder Jodal sees more unicorns in the making
  • Companies in fintech, gaming and e-commerce are top candidates
Genexus co-founder and chief executive officer Nicolas Jodal speaks at a company event.Photographer: Pablo Tedesco/Genexus
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Uruguay could be home to a trio of new unicorns in the next two years as the country’s vibrant tech industry brings together local talent and institutional money.

Companies specializing in fintech, gaming and e-commerce are the most likely candidates to join the club of privately-held startups valued at more than $1 billion, according to Nicolas Jodal, a veteran investor who co-founded one of Uruguay’s biggest software companies in 1988, GeneXus SA.