Updated on 26.11.2025.
Latin America’s tech ecosystem is regaining momentum in 2025, building on an uptick in venture investment after a lean period. Regional VC funding totaled only about $3.6 billion in 2024, but the year closed on a high note: Q4 was the busiest quarter in more than two years. That momentum carried into 2025. According to Dealroom, startups attracted $1.1 billion in Q1 — a 45% year-on-year jump fueled by a steadier early-stage pipeline and the reappearance of nine-figure late-stage rounds. Fintech remains the region’s powerhouse, accounting for more than half of all early-stage capital.
New sectors are gaining ground as well, with solar energy and climate-focused financial services securing sizable funding rounds. Brazil continues to anchor the ecosystem — its startups brought in roughly 49% of all VC dollars, with São Paulo as the dominant hub. But other markets are accelerating. Mexico and Chile, in particular, posted strong gains in early 2025 as clean-energy, fintech, and logistics startups drew an increasingly large share of regional investment.
Vestbee has refreshed the list of the top VC funds in Latin America to spotlight the key players driving innovation. This updated collection details their investment focus, typical ticket sizes, and notable portfolio companies. By analyzing investment data from DaaS platforms such as Crunchbase and Dealroom, we’ve identified funds that led the way in 2024 and continue investing actively worldwide in 2025.
Here is a comprehensive list of the top VC funds in LATAM investing in Latinx startups:
500 Latam
HQ: Juarez, Mexico
Sector: sector-agnostic
500 LatAm, part of 500 Global, invests in early-stage Spanish-speaking Latin American startups with global growth potential. The fund typically provides $300,000 per investment, combined with strategic support and access to Silicon Valley. Since 2012, it has deployed over $34M across 300+ regional startups. 500 LatAm focuses on founders with ambition, execution capability, and scalable technology solutions, helping teams grow beyond Latin America while offering mentorship, network, and community resources.
ACE Ventures
HQ: São Paulo, Brazil
Sector: sector-agnostic
ACE Ventures is an early-stage investor backing Brazilian and Latin American startups. Active as both an investor and an asset manager, the firm provides hands-on support in strategy, product, operations, finance, and team development. It has invested in more than 100 companies and completed multiple exits. ACE typically partners with startups at the seed and early-growth stages, offering structured methodology, close mentoring, and support through pivots, scaling, and fundraising.
Alaya Capital
HQ: Cordoba, Argentina
Sector: digital transformation & consumer tech
Alaya Capital invests in seed and Series A startups across Spanish-speaking Latin America, with checks from $500,000 to $1 million. The fund co-invests with top global VCs and can lead or follow rounds, using equity or SAFE structures. Alaya focuses on high-tech startups with exceptional founders, product-market fit, regional scaling potential, and measurable positive impact. The firm provides support in talent strategy, growth, regional expansion, and subsequent fundraising rounds.
Angel Ventures
HQ: Mexico City, Mexico
Sector: logistics & supply chain, fintech, proptech, foodtech, HR tech, and Industry 4.0.
Angel Ventures is a Latin America–focused venture capital firm, founded in 2008, with a dedicated US Latinx fund. The firm invests in pre-seed to Series A startups, particularly those founded by Latinx entrepreneurs or addressing cross-border challenges between the US and Latin America. Typical initial checks range from $250,000 to $1 million, with follow-on investments in select cases. Angel Ventures has a track record of 76 investments, 10 exits, 3 IPOs, and 2 unicorns, leveraging deep operational experience to support founders in scaling cross-border solutions.
Astella
HQ: São Paulo, Brazil
Sector: SaaS, E-commerce, Marketplaces, AI/Data
Astella is a thesis-driven, early-stage VC firm investing from pre-seed to Series A, primarily leading rounds. The fund focuses on SaaS businesses and also backs technology-driven companies in e-commerce, marketplaces, and AI/data analytics. With more than 13 years in the market and over 50 investments, Astella applies a value-investing approach to venture, emphasizing a deep understanding of business fundamentals and long-term company building.
Bossa Invest
HQ: São Paulo, Brazil
Sector: generalist
Bossa Invest is one of the most active early-stage venture investors in Latin America, consistently ranking among the top global VCs by number of deals. The firm focuses on high-volume pre-seed and seed investments and has backed more than 1,500 startups with over 100 exits. In addition to capital, it provides structured mentorship and access to a large partner and co-investment network. The firm also operates Corporate Venture Capital programs for companies seeking structured engagement with startups.
Bridge LatAm
HQ: Mexico City, Mexico
Sector: sector-agnostic
Bridge LatAm is a founder-centric venture firm focused on scaling Latin American startups. They prioritize long-term partnerships and provide targeted support in areas such as regional expansion, capital raising, and access to top-tier networks. Bridge LatAm emphasizes founder autonomy, avoiding micromanagement, while intervening strategically when needed to resolve operational challenges and accelerate growth.
Canary
HQ: São Paulo, Brazil
Sector: sector-agnostic
Canary is an early-stage venture capital firm founded in 2017 and led by former founders and operators, including the creators of one of Latin America’s unicorns. The team brings investment experience from firms such as Silver Lake, Tarpon, and MSquare/Velt. The fund backs startups at the earliest stages across sectors, focusing on high-potential technology companies in Brazil and broader Latin America.
Carao Ventures
HQ: San Jose, Costa Rica
Sector: sector-agnostic
Carao Ventures is an early-stage VC firm investing across Spanish-speaking Latin America, with particular interest in Central America, the Dominican Republic, Colombia, Ecuador, and Peru. The firm backs startups from pre-seed through pre-Series A, with flexibility for US-based Latin American founders who maintain significant regional operations.
Cometa
HQ: Mexico City
Sector: AI, Fintech, Marketplaces, Enterprise, Data-driven solutions
Cometa is an early-stage VC firm investing in technology startups targeting Spanish-speaking markets globally. Founded in 2012, the firm focuses on companies where data is critical, human interaction is high, and proprietary insights can drive scalable value, with particular emphasis on AI readiness and digital transformation. Cometa invests across Latin America, Spain, and the US, supporting founders from early-stage through growth.
Crescera Capital
HQ: São Paulo and Rio de Janeiro, Brazil
Sector: sector-agnostic
Crescera Capital operates in the venture capital and private equity markets, combining capital with active value creation. The firm partners closely with entrepreneurs to accelerate growth, improve governance, expand commercial opportunities, and maximize business value. Investments focus on companies with clear innovation differentiators across sectors, targeting scalable growth. Crescera leverages specialized teams, strategic networks, and active board participation to drive performance and long-term returns.
Darwin Startups
HQ: Florianópolis, Brazil
Sector: sector-agnostic
Darwin Startups is an early-stage venture firm and accelerator in Latin America. It has invested in over 100 startups, completing 11 exits, and runs acceleration programs across Brazil and the LATAM region. The firm provides capital, mentorship, and strategic support, including market validation, fundraising guidance, product development, team coaching, and psychological support for founders. Darwin also connects startups with corporate partners for business development, PoCs, and market access.
DILA Capital
HQ: Mexico City & Miami
Sector: sector-agnostic
DILA Capital is an early-stage VC firm investing in Spanish-speaking entrepreneurs building for Latin America, as well as US-based companies targeting the Hispanic market. The fund invests from pre-seed through Series C, providing both capital and active support across strategy, operations, commercial growth, and fundraising. DILA leverages a broad network to help companies scale and has backed dozens of founders across the region.
DOMO.VC
HQ: São Paulo, Brazil
Sector: sector-agnostic
DOMO.VC is a Brazilian early-stage venture capital firm investing in technology startups across Latin America. The team brings more than two decades of entrepreneurial and investment experience, including founding Buscapé and backing companies such as Loggi, Gympass, Hotmart, Descomplica, and Quero Educação. The firm supports founders from the earliest stages with operational guidance and a long-term approach to company building.
Fen Ventures
HQ: Santiago, Chile
Sector: fintech, Saas, sustainability
Fen Ventures is an early-stage venture capital firm focused on supporting founders from Spanish-speaking Latin American countries (Brazil excluded) with a global growth mindset. Founded in 2012, the firm invests in pre-seed, seed, and Series A rounds, providing not only capital but also hands-on support, strategic guidance, and access to an extensive network of co-investors and mentors. While the firm primarily focuses on Fintech, SaaS, and sustainability, it remains open to other high-impact, technology-driven industries.
GRIDX
HQ: Buenos Aires, Argentina
Sector: life sciences, deep tech, biotech
GRIDX is a life science venture capital fund focused on supporting scientists and entrepreneurs in Latin America. The fund invests in deep science and bio-based ventures across healthcare, agriculture, bioindustry, and biomaterials. GRIDX leverages LATAM’s unique biodiversity, scientific talent, and cost advantage to transform complex bioscience knowledge into globally impactful startups. The fund emphasizes bridging research and capital, providing strategic support, follow-on funding, and access to an ecosystem of over 1,000 bioprofessionals to scale ventures from lab to market.
Hi Ventures
HQ: Mexico City, Mexico
Sector: fintech, future of commerce, smart cities, foodtech, HR tech
Hi Ventures is an early-stage VC firm backing Latin American startups with global ambition. The fund invests in pre-seed, seed, and Series A rounds, typically leading or co-leading rounds with ticket sizes of $1 million to $5 million and taking board seats. Hi Ventures focuses on companies tackling large regional markets, with a bias toward billion-dollar exit potential. While Mexico is a core strategic market, Hi Ventures invests across Latin America and beyond.
Infinite Capital
HQ: San Juan, Puerto Rico
Sector: Web3/DeFi, AI, aerospace, autonomy, energy, satellites
Infinite Capital backs “generational innovation,” investing in decentralized networks and deep tech across areas such as DeFi, aerospace, autonomy, satellites, energy, and physical AI. The firm is thesis-led and conviction-driven, developing long-horizon research focused on hard-science breakthroughs. Infinite invests at inflection points, from early concept to growth stage, with checks up to $10 million. The fund prioritizes highly technical teams building industry-defining products and supports them actively through product shaping and commercialization.
Invariantes Fund
HQ: Guatemala City, Guatemala
Sector: generalist
Invariantes Fund is an early-stage VC firm investing in startups across the US and Latin America. Founded in 2015, it follows a hybrid model, combining direct investments in startups with backing emerging fund managers to mitigate risk through diversification. The fund targets sectors including space tech, biotech, proptech, AI/ML, enterprise SaaS, mobility, deep tech, robotics, food tech, edtech, HR/future of work, climate tech, marketplaces, e-commerce, legal tech, health tech, ag tech, cybersecurity, supply chain, and fintech. Invariantes has invested in 90+ startups and 30+ funds, with over $50 million AUM and 5+ exits.
Kaszek
HQ: São Paulo, with local presence in Bogotá, Mexico City, and Montevideo
Sector: sector-agnostic
Kaszek is a founder-led venture firm investing in technology-driven companies across Latin America. It has backed 129 ventures and works across seed, Series A, and Series B through its early-stage funds, with follow-on capital available through opportunity funds from Series C to pre-IPO. The team offers hands-on support in strategy, operations, hiring, product, and fundraising. The firm invests across fintech, education, health, e-commerce, marketplaces, enterprise software, and SaaS.
KPTL
HQ: São Paulo, Brazil
Sector: sector-agnostic
KPTL is a Brazilian venture capital firm, combining over 15 years of experience. It has completed 21 exits and currently holds 59 active investments. KPTL evaluates opportunities based on product innovation, market potential, team quality, and long-term sustainability, with a focus on technology-driven companies. The firm provides strategic guidance and operational support to its portfolio companies.
Latitud Ventures
HQ: São Paulo, Brazil
Sector: software-first tech
Latitud Ventures invests in pre-seed and seed-stage startups across Latin America, providing the “first check” to founders building scalable, software-first businesses. Typical check size is around $250,000 for approximately 5% ownership. Sector focus includes fintech, vertical SaaS, healthtech, marketplaces, e-commerce enablers, and proptech. The firm offers hands-on support through fundraising, strategic guidance, and access to a community of top founders and investors. It operates programs like a Fellowship to refine business theses and connect emerging founders with capital and networks.
Magma Partners
HQ: Providencia, Santiago
Sector: generalist
Magma Partners invests from pre-seed to Series A, backing top Latin American founders solving the region’s biggest problems. While they are known for fintech, insurtech, and marketplaces, they support scalable tech startups across multiple sectors. Since its founding, Magma has invested $ 80+ million across 125+ startups, including 2 unicorns. They emphasize founder support services, helping portfolio companies shorten feedback loops, iterate faster, scale effectively, and optimize talent, design, marketing, and tech execution. The team is distributed across Mexico, Chile, Colombia, Argentina, and the US.
MAYA Capital
HQ: São Paulo, Brazil
Sector: sector-agnostic
MAYA Capital is a seed-stage fund investing in the first institutional round of startups across Latin America. The firm is sector-agnostic and focuses on supporting founders from early traction through company-building, offering hands-on help in hiring, go-to-market, and fundraising. MAYA positions itself as a long-term partner, working closely with teams as they scale across the region.
Monashees
HQ: São Paulo, Brazil
Sector: sector-agnostic
Monashees is one of Latin America’s longest-running early-stage venture firms, investing across sectors with a focus on high-growth technology companies. Active for nearly two decades, it backs founders from pre-seed through early growth and has built a large portfolio, including 99, Loft, Loggi, Rappi, Neon, MadeiraMadeira, and Nowports. The firm emphasizes close, long-term support in areas like hiring, company building, fundraising, leadership development, and access to a broad global expert and founder network.
Mindset Ventures
HQ: São Paulo, Brazil, with presence in the US and Israel
Sector: B2B technology
Mindset Ventures is an early-stage VC investing in B2B tech startups from seed to Series B, primarily in Brazil, the US, and Israel. The firm is industry-agnostic and collaborates with top-tier venture funds, providing portfolio companies with support in sales, business development, international expansion, fundraising, marketing, and talent acquisition. It emphasizes founders' access to networks and strategic guidance for global scaling.
Nazca
HQ: Santiago, Chile
Sector: sector-agnostic
Nazca is a multi-stage venture capital firm founded in 2014 that invests in Latin American startups, focusing on empowering exceptional founders. The fund provides early- to growth-stage capital along with access to expert networks, peer-learning opportunities, talent recruitment support, and strategic partnerships.
Newtopia VC
HQ: Buenos Aires, Argentina
Sector: sector-agnostic
Newtopia VC invests in pre-seed and seed-stage startups, from idea to product-market fit. First checks range from $100,000–$500,000, with follow-on investments up to $500,000 at seed and $1.5 million at Series A for top performers. Investments focus on startups solving large-scale problems with high scalability potential, targeting major markets such as Brazil, Mexico, and the US. The fund is backed by entrepreneurs and talent from regional unicorns and provides hands-on support, networking, and strategic guidance.
Norte Ventures
HQ: São Paulo, Brazil
Sector: sector-agnostic
Norte operates as a founder-driven investment club rather than a traditional fund. It invests in early-stage startups across Latin America, with a strong emphasis on operator networks. Prefers fast, focused involvement: no board seats, limited operational meddling, and a tendency to follow rounds.
NXTP
HQ: Buenos Aires, with offices in São Paulo and Mexico City
Sector: B2B technology
NXTP is a long-established early-stage venture capital firm investing in B2B technology across Latin America and globally. It manages more than $250 million and has backed over 275 founders. The firm specializes in enterprise software, AI/ML, cloud infrastructure, developer tools, security, fintech, logistics, and e-commerce infrastructure. It invests at the earliest stages and supports companies through go-to-market development, access to a global network of enterprise customers, talent and recruiting support, and ongoing fundraising guidance.
ONEVC
HQ: São Paulo, Brazil
Sector: sector-agnostic
ONEVC is a seed-focused venture capital firm investing in early-stage startups across Latin America. The firm maintains a highly concentrated portfolio, backing only a small number of companies that meet its core criteria: large addressable markets, exceptional founding teams, and transformational products with strong potential for product-market fit. Run by former operators, ONEVC emphasizes hands-on support, particularly in recruiting senior tech talent and shaping people strategy.
Scale-Up Ventures (Endeavor Brasil)
HQ: São Paulo, Brazil
Sector: sector-agnostic, high-growth companies
Scale-Up Ventures is Endeavor Brasil’s venture capital fund, designed to passively co-invest in high-impact, hypergrowth startups. Backed and curated by the Endeavor network, the fund invests in companies that are actively supported in the Scale-Up Endeavor program, are raising early-stage rounds, and have a qualified institutional lead investor. It is one of the most active funds in Latin America, with a portfolio built through co-investment rather than active deal sourcing.
Shima Capital
HQ: San Juan, Puerto Rico
Sector: Web3 and blockchain
Shima Capital is an early-stage venture firm backing blockchain and web3 startups. It focuses on high-growth, disruptive projects across the decentralized technology ecosystem and provides operational support to founders.
Spectra Investimentos
HQ: São Paulo, Brazil
Sector: sector-agnostic
Spectra Investimentos is a leading alternative investment manager in Brazil and Latin America, managing approximately $1.3 billion across multiple strategies. The firm combines primary investments, co-investments, and secondary transactions, focusing on venture capital, growth, biotech, mid-market, mining, special situations, and search funds. Spectra is also active in research and knowledge generation, maintaining the region’s largest private investment database and producing studies, investment letters, and legal guides on private equity, VC, and search funds in Brazil and Latin America.
Ventiur
HQ: São Leopoldo, Brazil
Sector: sector-agnostic
Ventiur is a Brazilian accelerator and venture capital firm supporting startups with funding, mentorship, and business connections. They have invested in over 100 startups, raising and deploying over $40 million. They provide Corporate Venture Capital through partners like GoHard, Comunitá Sicredi, and GS1 Brasil Ventures. Their focus is on execution capability, resilience, and multi-sector scalability.
Veronorte
HQ: Medellin, Colombia
Sector: impact and sustainability
Veronorte is a thesis-driven venture capital firm dedicated to transforming Latin America by investing in early- and growth-stage companies that drive sustainable development, energy transition, future-aligned agriculture, smart mobility, financial inclusion, healthcare, and education. The fund partners with top-tier global VCs, providing portfolio companies with access to capital, networks, and support for regional expansion.
