List Of Top 15 VC Firms In Latin America [2021]

List Of Top 15 VC Firms In Latin America [2021]

Are you looking for a VC firm for your Latin America-based startup?

According to a Forbes report, Latin America is evolving. The middle class is advancing rapidly, and becoming more savvy and motivated to generate a positive impact in the region.

When it comes to embracing the digital revolution, Latin America has one of the largest online markets, with two countries (Mexico and Brazil) among the top 20 world economies by GDP.

Strong digital penetration and quick e-commerce growth are some of the reasons behind Latin America's attractive startup ecosystem.

There are a number of successful venture capital firms in Latin America and we've curated a list of the best local firms in the area. Additionally, we provide you with:

  • Investment size
  • Funding stages
  • Typical industries the firm works with
  • Well known companies the VC firm has invested in

Here's the list:

1. Carao Ventures

  • Location: Dominican Republic, Colombia, Ecuador, and Perú.
  • Industries: Sector Agnostic
  • Investment Range: $25K - $1.7Million
  • Stage: Early Stage

Carao Ventures is an early-stage VC firm targeting small and medium enterprises within Latin America. The VC firm supports entrepreneurs who have the technical skills and the grit required to disrupt traditional industries.

Typically, Carao ventures consider investments in Spanish-speaking countries within the Latin American region. Targeting pre-seed stage companies, Carao Ventures invests between $25K and $1.7 million.

Learn more about Carao Ventures ➜

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2. Avalancha ventures

  • Location: Mexico
  • Industries: Technology
  • Investment Range: $50,000 - $2,000,000
  • Stage: Early Stage
  • Companies invested in: Bayonet, Zoop, Atexto, Paybook, Balcony, Topicflower, Trato, Unima, Arcus, Sunu.

Avalancha Ventures invests between $50K and $2 Million in early-stage technology companies. The VC firm works hand-in-hand with the entrepreneurs, helping them grow.

Avalancha targets unique teams focusing on building extraordinary companies that use technology, and innovate solutions that deliver efficient and cost-effective products and services for the wider population.

Learn more about Avalancha ventures ➜

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3. Dalus Capital

  • Location: Mexico
  • Industries: Digital consumer, Business productivity, Climate Innovation, and Tech inclusion
  • Investment Range: Between $500K and $6 Million
  • Stage: Series A and Series B
  • Companies invested in: Aptuno, Clip, eFactor, Kubo Financiero, CapitalTech, Qualified, Algramo, Energryn.

Dalus Capital backs purposeful founders building enduring market-leading companies that seek to create positive change through modern technology.

The VC firm targets Series A and Series B financing rounds with the investment size ranging between $500K and $6 Million. Apart from financing portfolio companies, Dalus provides professionals who bring insights, wisdom, and the resources to help the companies scale successfully.

Learn more about Dalus Capital ➜

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4. Magma Partners

  • Location: Mexico, Chile, Colombia, Argentina
  • Industries: Sector Agnostic
  • Investment Range: $25k to $5M
  • Stage: Early Stage
  • Companies invested in: Kushki Pagos, Truora, Vexi, On Top, Albo, Billpocket, Fanatiz, Compound Foods.

Magma Partners invest in early-stage companies at pre-seed and series-A stages. The VC firm invests between $25K to $5Million, helping the portfolio companies build successful enterprises.

Typically, the Venture fund seeks to support entrepreneurs who aim at solving the biggest challenges in industries like Insurtech, Fintech, APIs, Marketplaces, SaaS, edtech, and more.

Learn more about Magma Partners ➜

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5. Genesis Ventures

  • Location: Chile
  • Industries: B2B, Software, Specialty Retail, Cleantech, travel, health and wellness
  • Investment Range: $1Million to $10 Million
  • Stage: Early Stage
  • Companies invested in: Mudang, Wenu Work, Predictable Media, Bolsas Reutilizables, Sosafe.

Genesis Ventures invests in entrepreneurs with a global ambition. The VC firm invests between $1Million and $10 Million in companies that are already generating revenue and have the potential for rapid growth.

The VC firm prefers post-revenue companies with potential for rapid scalability in the B2B, Software, Specialty Retail, Cleantech, travel, health, and wellness sectors.

Learn more about Genesis Ventures ➜

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6. Manutara Ventures

  • Location: Chile
  • Industries: Up to 1 Million
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: ETpay, Iwana Cash, Xepelin, GoQuantum, OpenCasa, Rocketbot, Barracks.

Manutara Ventures is an early-stage VC firm investing up to $1Million in technology companies. The VC firm focuses on IT and biotech companies. Their investments are based on the converge model, and so they seek to capture high-quality deal flow with low valuations and later converge with the developed market.

Learn more about Manutara Ventures ➜

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7. Advent International

  • Location: New York, Boston, Palo Alto, London, Madrid, Mexico City, Luxembourg, Milan, Mumbai, Shanghai, Hong Kong, Frankfurt, Paris, Bogota, Sao Paulo.
  • Industries: Business & Financial Services, Healthcare, Industrial, Retail, Consumer & Leisure, Technology.
  • Investment Range: $50 Million to $2Billion
  • Stage: Seed Stage
  • Companies invested in: GS Capsule, Orveon, Iodine software, Merama, Assembly, Ebanx, Shift Technology, BigID, Hypr, Wiz.

Advent international invests in companies focusing on Business & Financial Services, Healthcare, Industrial, Retail, Consumer & Leisure, and Technology. The VC firm has been operational for over three decades and made over 380 private equity investments in over 40 countries.

Advent International does not designate any fixed percentage of capital to any particular geographical zone or sector. Instead, they are keen to respond to changing market conditions and to dynamically allocate capital and resources to the most attractive Private Equity Investment opportunities across their target sectors.

Advent International invests anywhere from $50 Million to $2Billion of equity.

Learn more about Advent International ➜

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8. Seaya Ventures

  • Location: Madrid, Spain, Latin America
  • Industries: Technology
  • Investment Range: Not disclosed
  • Stage: Early Stage
  • Companies invested in: Savana, BiomeMakers, Toqio, SpotAHome, Cabify, CrowdFarming, Glovo, Wallbox.

Seaya Ventures invests in exceptional founders focused on building technology companies. Therefore, the VC firm targets companies that are committed to solving real problems in sectors with high social and environmental impact like mobility, clean energy, agriculture, fintech, food, healthcare, among others.

Learn more about Seaya Ventures ➜

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9. Rise Capital

  • Location: Silicon Valley, Mexico City, Sao Paulo, Lagos, Dubai, Mumbai, Singapore.
  • Industries: Internet Companies
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Facily, Kueski, GAIA, MiSalud, InstaCarro

Rise Capital is a VC firm targeting leading internet companies within the largest emerging markets. The firm backs industry-leading companies that attack addressable market opportunities leveraging its experience as emerging internet operators within the target markets.

Learn more about Rise Capital ➜

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10. E3 Capital

  • Location: Escazú, Costa Rica
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Lead University, Santa Ana Country Club, Monibyte, ITS, H.A Logistica, Giacomin.

E3 Capital is a private equity and investment banking firm. The VC firm designs tailor-made financial solutions bringing together the best and brightest of the specific industry segments and assumes a supervisory role as general partners.

Learn more about E3 Capital ➜

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11. Dila Capital

  • Location: Mexico City
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Kushki, Quinio, Moons, Crehana, Urbvan

Dila Capital is a seed-stage and early-stage VC firm offering equity investments, debt financing, and management guidance. The VC firm seeks to help companies build successful enterprises.

Therefore, they provide day-to-day guidance and work with the company management to assist them in making the right business decisions.

Learn more about Dila Capital ➜

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12. ZX Ventures

  • Location: Mexico, Argentina, Chile, Colombia
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Seed stage - Series A
  • Companies invested in: BanQu, BioBrew, Catalant, Foxtrot Systems, Winnin, Pensa, Leaf.

ZX Ventures invests in businesses that focus on meeting the needs of tomorrow. Though this is a sector agnostic firm, still they prefer to invest in the sustainability, Agile industry, and E-commerce industry. They typically fund companies with a promising prospectus and a passionate team with immense faith in their ideas.

Learn more about ZX Ventures ➜

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13. Fen Ventures

  • Location: Chile
  • Industries: Technology
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Capria, Activa, LarrainVial, Mudang, Reveniu, chipax.

Fen Ventures is an early-stage investor targeting technology startups capable of generating social and environmental impact alongside financial returns. The VC firm looks for ventures in expansible products and services, run by committed founders seeking to achieve a positive impact.

Learn more about Fen Ventures ➜

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14. Chile Ventures

  • Location: Chile
  • Industries: Technology
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Boardgent, Kwali, Awto, Redelcom, Froged, Genomawork, Xepelin, Kimche.

Chile Ventures invests in technology startups, with an aim of accelerating their growth. The VC firm targets founders within the SaaS, subscriptions, and Licenses. Since their inception, they have funded a wide number of startups and helped them reach their true potential. Some of their notable portfolio companies include Fintual, Lexgo, Chipax, SimpliRoute, and more.

Learn more about Chile Ventures ➜

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15. DOMO Invest

  • Location: Brazil
  • Industries: Consumer
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Merce, Radarfit, Grao, Noverde, Ativup, Fretadio, Goomer, Netshow.me

DOMO invest is a VC firm backing up early-stage consumer-focused companies. The VC firm provided financial funding and managing expertise, helping startups grow faster and establish themselves in competitive markets.

Learn more about DOMO Invest ➜

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Pat Walls,  Founder of Starter Story

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