The renovation and remodeling industry in Latin America is rapidly evolving. Companies range from small local contractors to large-scale service providers, forming a dynamic ecosystem. They offer a variety of services, including home improvement, interior design, and construction technology solutions. With increasing urbanization and a surge in disposable income, consumer demand is on the rise. Innovative startups are integrating technology to enhance customer experiences, such as online project management tools and e-commerce platforms for home goods. As environmental awareness grows, sustainable practices are gaining traction, marking an exciting shift towards eco-friendly renovations in the region.


This article features eleven notable investors across Latin America, focusing on those in the renovation and remodeling sector. Alongside corporate giants like Cemex, various venture capital firms, such as Canary and Monashees, spotlight the shift to a tech-enabled future. Headquartered mainly in Brazil and Chile, these investors vary in size and age, from start-ups founded as recently as 2021 to established firms like FIR Capital Partners, founded in 1999. Marking their significance in 2024, these investors completed strategic deals aimed at fostering growth and innovation in the remodeling industry.


Top 11 Renovation and Remodeling Investors in Latin America


1. Construtech Ventures


Construtech Ventures is a venture capital firm based in Florianopolis, Santa Catarina, Brazil, founded in 2017. The firm specializes in investing in companies within the construction technology sector, focusing on innovative solutions that enhance efficiency and reduce costs in construction and related industries. One of their notable transactions includes an investment in Reforma Feita, which raised an undisclosed amount in a seed round on January 1, 2020. Reforma Feita operates in the renovation space, providing services that align with the remodeling industry. This investment highlights Construtech Ventures' commitment to supporting companies that contribute to the renovation and remodeling market, alongside their broader focus on construction technology.


2. Manutara Ventures

  • Website: manutaraventures.com
  • Type: Corporate
  • Headquarters: Chile
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn:

Manutara Ventures is a venture capital firm founded in 2016, based in Chile, that specializes in investing in early-stage companies. The firm provides capital, mentorship, and strategic guidance to empower entrepreneurs, particularly in Latin America. Among their notable transactions, they invested in Buildlovers, which raised $600,000 in a seed round in May 2024, focusing on home renovation services. Additionally, they invested in Opencasa.com, which raised $1,200,000 in a seed round in October 2018, a platform that may intersect with real estate and home improvement. These investments highlight Manutara Ventures' engagement in sectors that are relevant to renovation and remodeling.


3. Canary

  • Website: canary.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 23
  • LinkedIn: canary-venture-capital

Canary is a venture capital firm based in Sao Paulo, Brazil, founded in 2017. It specializes in early-stage investments across Latin America, focusing on supporting entrepreneurs with capital, co-founding assistance, and building a strong community of builders. Among its notable transactions, Canary invested in Sooper, a Brazilian B2B marketplace for construction materials, which raised a total of $5.7 million in seed funding. This investment highlights Canary's engagement in the renovation and remodeling sector, as Sooper aims to expand its operations in the construction materials market, directly impacting the renovation industry. Additionally, Canary has invested in other startups, but its connection to Sooper is particularly relevant to the renovation and remodeling context.


4. Kaszek

  • Website: kaszek.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 17
  • LinkedIn: kaszek-ventures

Kaszek is a venture capital firm based in Sao Paulo, Brazil, founded in 2011. The firm is dedicated to investing in and supporting entrepreneurs across Latin America, with a strong focus on technology-driven industries. Kaszek provides capital and strategic guidance to startups, helping them navigate growth challenges and achieve their business goals. Among their notable transactions, Kaszek invested in MadeiraMadeira, which raised $4.586 million in Series B funding in 2013 and $4.1 million in Series A funding in 2012. MadeiraMadeira operates as an online marketplace for home goods, which aligns with the renovation and remodeling sector. Additionally, Kaszek led a $5.7 million seed round for Sooper, a Brazilian B2B marketplace for construction materials, announced in January 2022. This investment further emphasizes Kaszek's engagement in the construction and home improvement industries, showcasing their commitment to fostering a vibrant technology ecosystem that includes renovation and remodeling.


5. Cmpc

  • Website: cmpc.com
  • Type: Corporate
  • Headquarters: Chile
  • Founded year: 1920
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: somoscmpc

CMPC, founded in 1920, is a corporate investor based in Chile specializing in forest products, including cellulose, biopackaging, and personal care products. The company emphasizes sustainable and innovative solutions across various industries. Recently, CMPC has made a significant move in the renovation and remodeling sector by acquiring Powell Valley Millwork, a leading manufacturer of poplar products in Kentucky. This acquisition, announced on June 5, 2023, is part of CMPC's strategy to enhance its production capabilities and expand its footprint in the U.S. millwork market, which is crucial for renovation and remodeling projects. By incorporating radiata pine into their offerings, CMPC is directly engaging with the materials used in the renovation and remodeling industry, showcasing their commitment to this sector.


6. Cemex

  • Website: cemex.com
  • Type: Corporate
  • Headquarters: Monterrey, Nuevo Leon, Mexico
  • Founded year: 1906
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: cemex

Cemex is a prominent corporate investor based in Monterrey, Nuevo Leon, Mexico, founded in 1906. As a leading building materials company, Cemex specializes in the manufacturing and distribution of cement, ready-mix concrete, and aggregates. The company serves a wide range of construction businesses and organizations, providing high-quality materials and innovative solutions tailored to meet the demands of modern construction while emphasizing sustainability. In recent years, Cemex has made strategic acquisitions to bolster its market position, including the acquisition of Atlantic Materials in January 2023, aimed at enhancing its US aggregates sourcing capabilities, particularly for its Florida operations. This acquisition is expected to significantly increase Cemex's aggregate reserves in the US market, which is essential for various construction and remodeling projects. Additionally, Cemex completed the acquisition of Ready Mix USA in August 2011 for a total deal size of US$350 million, further solidifying its presence in the ready-mix concrete sector, a critical component for renovation and remodeling activities. Cemex operates globally and is committed to environmental responsibility and community engagement, making it a key player in the construction materials industry.


7. Spectra Investments


Spectra Investments is an investment management firm based in Sao Paulo, Brazil, specializing in alternative investments, including private equity and venture capital. Founded in 2012, the firm has over 12 years of experience and manages BRL 7 billion in assets. Spectra provides capital and strategic partnerships to businesses across various sectors, helping them access investment opportunities and enhance growth. Notably, they participated in a venture round for ABC da Construção, which raised approximately $21.99 million in July 2020. This investment highlights their involvement in the construction sector, aligning them with the renovation and remodeling industry.


8. FIR Capital Partners


FIR Capital Partners is a venture capital firm based in Nova Lima, Minas Gerais, Brazil, founded in 1999. The firm specializes in providing venture capital and financial advisory services, connecting entrepreneurs and businesses with investors while offering strategic guidance for growth. FIR Capital focuses on small and medium enterprises across various sectors, leveraging its extensive experience and network to facilitate successful investments. Notably, FIR Capital has been involved in significant transactions within the construction industry, including investments in ABC da Construção, which received a R$ 103 million investment from Duratex and a $21,986,216 venture round in 2020. These transactions highlight FIR Capital's engagement in the renovation and remodeling context, making them a relevant player in this sector.


9. DSK Capital

  • Website: dskcapital.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2021
  • Headcount: 1-10
  • LinkedIn: dsk-capital

DSK Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2021. The firm specializes in private equity and venture capital, focusing on high-growth companies across multiple sectors, including construction, technology, health, and food. DSK Capital aims to generate sustainable returns for its investors while actively participating in the growth and governance of its portfolio companies. Notably, they were involved in a significant transaction with ABC da Construção, which received a R$ 103 million investment from Duratex, indicating DSK Capital's interest in the construction sector. This involvement suggests that DSK Capital is not only focused on technology or health but also recognizes the potential in the renovation and remodeling industry, making them a relevant player in this space.


10. Monashees

  • Website: monashees.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2005
  • Headcount: 11-50
  • Number of deals in 2024: 18
  • LinkedIn: monashees-capital

Monashees is a venture capital firm based in Sao Paulo, Brazil, founded in 2005. The firm focuses on technology-based companies in Latin America, providing funding and support to entrepreneurs. They assist in talent acquisition, fundraising, and offer access to a network of industry experts. Notably, Monashees has invested in MadeiraMadeira, a prominent Brazilian e-commerce platform specializing in home furnishings and renovation products. They participated in several funding rounds for MadeiraMadeira, including a Series E round that raised $190 million, which was aimed at expanding logistics, enhancing their furniture brand, and increasing physical store presence. This involvement highlights Monashees' interest in the renovation and remodeling sector, making them a significant player in this space.


11. Maya Capital

  • Website: maya.capital
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2018
  • Headcount: 1-10
  • Number of deals in 2024: 8
  • LinkedIn: mayacapital

MAYA Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2018. The firm specializes in seed stage investments in startups across Latin America, providing not only financial backing but also strategic support in areas such as hiring, market entry, and fundraising. Their primary customers are early-stage entrepreneurs seeking to grow their businesses in various sectors, including technology and healthcare. Notably, Maya Capital participated in a significant transaction with Sooper, a Brazilian B2B marketplace for construction materials, which raised $5.7 million in a seed round. This investment highlights their engagement in the construction sector, which is relevant to renovation and remodeling activities, as it supports the supply chain for construction projects.



Renovation and Remodeling Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
Construtech VenturesFlorianopolis, Santa Catarina, Brazil11-5020170
Manutara VenturesChile1-1020163
CanarySao Paulo, Sao Paulo, Brazil11-50201723
KaszekSao Paulo, Sao Paulo, Brazil11-50201117
CmpcChile10001+19201
CemexMonterrey, Nuevo Leon, Mexico10001+19061
Spectra InvestmentsSao Paulo, Sao Paulo, Brazil11-5020120
FIR Capital PartnersNova Lima, Minas Gerais, Brazil11-5019990
DSK CapitalSao Paulo, Sao Paulo, Brazil1-1020210
MonasheesSao Paulo, Sao Paulo, Brazil11-50200518
Maya CapitalSao Paulo, Sao Paulo, Brazil1-1020188


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