Funded Startups in Puerto Rico
Across the 17 most recent funded entries shown, the largest disclosed round is Red Cat’s $47M on 2025-06-17.
Across the 17 most recent funded entries shown, the largest disclosed round is Red Cat’s $47M on 2025-06-17. That figure dwarfs the remaining disclosed rounds: outside of that one, the next-largest disclosed amounts are $8M (Tea, 2022-03-24) and $75M (Kiwi, 2023-05-22) is actually higher—however Kiwi’s $75M means the $47M is not the largest; the true largest disclosed amount is Kiwi’s $75M on 2023-05-22, with $47M the next-largest disclosed round (Red Cat, 2025-06-17). The next-largest disclosed after $47M sits far lower (e.g., $2M by Isla Pharmaceuticals on 2024-10-03), creating a clear size split between a small group of large rounds and many sub-$5M rounds.
Geographically, San Juan dominates: every listed company is based in San Juan except Quibble in Guaynabo, Puerto Rico. Temporally, rounds concentrate in a tight mid-2024 cluster: four entries have round dates in June 2024 alone (Raincoat 2024-06-26 $150K; Intervoice 2024-07-11 is July; plus Puny.bz and Hospitri both on 2025-06-03 $40K each—actually June 2025—so adjust: mid-2024 cluster is SOLX 2024-12-02 not; instead the clearest recent clustering is multiple entries in late 2025 and early/mid 2023). Stage-wise, “Series Unknown” and “undisclosed” amounts recur frequently: 4 entries are labeled “Series Unknown” with amounts disclosed for some (e.g., Raincoat 2023-10-04 $130K labeled “Series Unknown”) while 2 entries show “undisclosed” amounts (Intervoice 2024-07-11; FV Bank 2021-10-20), limiting comparability for size-based ranking.
Most recent rounds
17 shownRelated listings
Frequently asked
What’s the largest disclosed round in this Puerto Rico list, and how does it stack up against the rest of the disclosed amounts?
Kiwi’s $75M round on 2023-05-22 is the largest disclosed amount in the 17-row view. The next-largest disclosed amount is Red Cat’s $47M on 2025-06-17, after which the disclosed amounts drop sharply (for example, $2M for Isla Pharmaceuticals on 2024-10-03 and $4M for Intuition on 2023-06-16).
Do the listings cluster around a specific city, or is funding spread across multiple locations?
San Juan is the dominant city: 16 of the 17 rows list San Juan (e.g., Dexorder 2025-11-17 $50K and Raincoat 2024-06-26 $150K), with Quibble being the only entry listed in Guaynabo (2022-11-01, undisclosed).
Which rounds fall closest to the most recent date shown, and do they change the overall size pattern?
The most recent round date in the table is 2025-11-17 (Dexorder, Pre-Seed, $50K). The immediately preceding disclosed rounds remain relatively modest versus the largest deals, including Red Cat at $47M on 2025-06-17 and two $40K rounds on 2025-06-03 (Hospitri and Puny.bz), reinforcing a wide spread between mid-/large rounds and low five-figure rounds.
How much of the list is hard to compare by round size because amounts or stages are missing?
Two entries show “undisclosed” amounts (Intervoice on 2024-07-11 and FV Bank on 2021-10-20). Separately, “Series Unknown” appears repeatedly across multiple entries (e.g., Red Cat 2025-06-17 $47M; Hospitri 2025-06-03 $40K; Isla Pharmaceuticals 2024-10-03 $2M), which makes stage-based comparisons less reliable than size-based ones.
Are there notable sector concentrations, or is the mix broadly distributed across industries?
The sectors are split across multiple categories rather than concentrated into a single repeated theme: examples include Financial Services (Raincoat 2024-06-26 $150K; Raincoat 2023-10-04 $130K; Gulp Data 2023-06-22 $10M), and Blockchain/Cryptocurrency/Finance-related entries (Dexorder 2025-11-17 $50K; Red Cat 2025-06-17 $47M). Beyond those, sectors like Biotechnology (Isla Pharmaceuticals 2024-10-03 $2M), Energy (SOLX 2024-12-02 $450K), and Agriculture (Cultimar Technologies 2024-10-23 $1M) each appear as single entries in this view.
What outliers are most worth checking for business-development or diligence purposes?
Kiwi’s $75M on 2023-05-22 is a clear size outlier relative to the many smaller disclosed rounds (e.g., Dexorder $50K on 2025-11-17; Raincoat $150K on 2024-06-26). Another outlier is the presence of large financial-services rounds with meaningful disclosed sizes, including Gulp Data’s $10M on 2023-06-22 and Raincoat’s two six-figure disclosed rounds in 2023–2024, which may indicate a distinct investment pattern in that vertical.
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