The subsidiary’s corporate venture capital (CVC) was ranked number one in Chile in the latest study conducted by ESE Business School, MIC Business Consulting and El Mercurio.

Copec Wind Ventures was established in 2019, with the aim of accelerating the growth of global startups and providing them with privileged access to the Latin American market, with the support of Copec and its affiliates. Of its portfolio, four startups have reached the “unicorn” status and three have exited through acquisition or IPO. The most outstanding startups include Turntide Technologies, Galgo and Ineratec.

“The mission to identify the world’s best startups and align their businesses with new trends and our transformation efforts, is appealing to young talent. In this sense, it has been key to convey the conviction that this is not a temporary experiment, but part of our core strategy,” says Leonardo Ljubetic, Copec’s Chief Corporate Development and Administration Officer, regarding the success of Copec Wind Ventures.