Vallegrande was founded by the Spanish in 1612 under the name Ciudad de Jesús y Montes Claros de los Caballeros del Vallegrande (Town of Jesus and Montes Claros of the knights of Vallegrande).
Vallegrande İspanyollar tarafından 1612'de Ciudad de Jesús y Montes Claros de los Caballeros del Vallegrande (Vallegrande şövalyelerinden Montes Claros ve Jesus'un şehri) adıyla kurulmuştur.