Five years after its founding, Osoji became the first Chilean startup to open to the public market.

A year ago, the Santiago Stock Exchange, the country’s main stock exchange, together with CORFO and Start-Up Chile, created a funding platform called “ScaleX”. Through this platform, Osoji – a national home robotics company – became the first startup to debut at an early stage on a LATAM stock exchange.

The company’s goal is to raise US$3 million to expand the brand and its products with a regional vision, with a special focus on LATAM markets and later in the United States of America.

Legal advice for this pioneering placement in the Chilean capital market was provided by Barros & Errázuriz. Partner Nicolás Balmaceda led the team and indicated that it has been a privilege to advise Osoji in a transaction that will mark a milestone for our capital market, being the first IPO since 2019 and the first in history under the Scale-X platform of the Santiago Stock Exchange, aimed at high impact and growth ventures (Scaleups), with technological components, through the General Rule No. 452 of the Financial Market Commission for unregistered securities.