We describe two new species of Phrynopus from a cloud forest of the Cordillera Yanachaga, Yanachaga- Chemillén National Park in Peru and describe and document the first clutch and case of parental care for a species of Phrynopus. One of the new species of Phrynopus is described based on two females (SVL 19.1-21.0 mm) which were found in leaf litter and moss layer in a cloud forest at 2900 m elevation. This new species is most similar to Phrynopus bracki. The second new species of Phrynopus was found in the transitional formation between cloud forest and wet puna at 3000 m elevation. Its description is based on a single female (SVL 20.7 mm) that was observed guarding nine eggs under moss. This new species is most similar to Phrynopus nicoleae. The eggs had a diameter of 5.7-5.8 mm (n = 3) and froglets when hatched a SVL of 6.2-6.5 mm (n = 3). Sympatric anurans include Gastrotheca sp., Pristimantis aniptopalmatus, P. bromeliaceus, Pristimantis sp., and Rhinella yanachaga. © Edgar Lehr et al.