Top 11 Sports Betting Investors in Latin America
Top 11 Sports Betting Investors in Latin America
The sports betting industry in Latin America has witnessed exponential growth, fueled by increased internet access and liberalized gambling laws in several countries. Key players include online sportsbooks and fantasy sports platforms, which offer a wide array of betting options from traditional sports to virtual games. The market is heading toward higher regulation and the integration of advanced technology, such as blockchain and AI, enhancing user experience and security. With the impending rise of mobile gambling and esports betting, the potential for substantial profitability beckons investors eager to capitalize on this burgeoning opportunity.
The top investors in the Latin American sports betting sector come primarily from Sao Paulo, Brazil, and include both venture capital and private equity firms. Ranging from nimble startups with fewer than 10 staff to firms employing up to 50, these investors have made a diverse array of investments. Founded between 2011 and 2022, firms like Kaszek and Go4it Capital made significant contributions in 2024, showcasing a robust commitment to advancing the sports betting ecosystem in the region.
Top 11 Sports Betting Investors in Latin America
1. bossa invest
- Website: bossainvest.com
- Type: Venture Capital
- Headquarters: Sao Paulo, Sao Paulo, Brazil
- Founded year: 2011
- Headcount: 11-50
- Number of deals in 2024: 56
- LinkedIn: bossainvest
Bossa Invest is a venture capital firm based in Sao Paulo, Brazil, founded in 2011. The firm specializes in investing in innovative startups, particularly in the technology sector, and provides capital, strategic guidance, and access to a network of co-investors. Bossa Invest has been involved in several notable transactions in the sports betting context, including a $10 million investment in Sorare, a fantasy sports platform that utilizes blockchain technology, and investments in Zed Run, a digital horse racing game that allows users to buy, breed, and race virtual horses. These transactions highlight Bossa Invest's commitment to supporting innovative companies within the sports and gaming sectors, thereby fostering growth in the startup ecosystem.
2. Go4it Capital
- Website: go4itcapital.com
- Type: Venture Capital
- Headquarters: Sao Paulo, Sao Paulo, Brazil
- Founded year: 2015
- Headcount: 1-10
- LinkedIn: go4itcapital
Go4it Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2015. The firm partners with exceptional entrepreneurs to build innovative global businesses primarily in sports, digital media, and well-being. Go4it Capital focuses on providing both investment and strategic support to help these businesses grow and create a more active and enjoyable world. Among their notable transactions, they invested in Rei do Pitaco, a fantasy sports platform that raised $6 million in a Seed Round in May 2021, which is directly relevant to the sports betting industry. They also participated in the Series A funding of Sorare, a blockchain-based fantasy sports game, which further emphasizes their engagement in the sports and gaming sectors. Other investments include Keemotion and WSC Sports, which, while not directly related to betting, are involved in sports media and technology, indicating a broader interest in the sports landscape.
3. Verve Capital
- Website: vervecapital.us
- Type: Venture Capital
- Headquarters: Sao Paulo, Sao Paulo, Brazil
- Founded year: 2019
- Headcount: 1-10
- Number of deals in 2024: 3
- LinkedIn: verve-capital
Verve Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2019. The firm specializes in early-stage investments in technology-driven startups across Latin America, providing not only funding but also strategic support to help entrepreneurs achieve significant growth. Their investment portfolio includes notable transactions in the sports betting sector, particularly with Rei do Pitaco, which raised a total of $6.1 million across multiple funding rounds (Pre-Seed and Seed) in 2020 and 2021. Additionally, they have invested in Esporte Educa, which, while not directly a sports betting platform, operates within the sports education space, indicating a broader interest in the sports industry. This combination of investments highlights Verve Capital's engagement with innovative sectors, including sports betting, making them a noteworthy investor in this field.
4. Magma Partners
- Website: magmapartners.com
- Type: Venture Capital
- Headquarters: Providencia, Santiago, Chile
- Founded year: 2014
- Headcount: 11-50
- Number of deals in 2024: 6
- LinkedIn: magma-partners
Magma Partners is a venture capital firm based in Providencia, Santiago, Chile, founded in 2014. The firm specializes in investing in early-stage startups across Latin America, providing both funding and advisory services to entrepreneurs. With a portfolio of over 125 companies, Magma Partners aims to address significant regional challenges and support scalable technology businesses. Notably, they participated in a $74 million growth funding round for FZ Sports, a Miami-based sports media and technology company, alongside other investors. This investment highlights their engagement in the sports sector, which may include aspects of sports betting, despite their primary focus on fintech and insurtech.
5. 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 focuses on investing in and supporting entrepreneurs across various technology-driven industries in Latin America. With a strong emphasis on long-term partnerships, Kaszek aims to foster a vibrant technology ecosystem in the region. Notably, they have been involved in significant transactions, including a Series A funding round for Rei do Pitaco, a fantasy sports platform, where they co-led a funding round that raised R$180 million. This investment highlights their engagement in the sports betting industry, alongside other technology ventures such as Grupo Netshoes and Zig, showcasing their diverse investment portfolio while maintaining a strategic interest in sports-related startups.
6. big_bets
- Website: bigbets.com.br
- Type: Venture Capital
- Headquarters: Sao Paulo, Sao Paulo, Brazil
- Founded year: 2019
- Headcount: 1-10
- Number of deals in 2024: 10
- LinkedIn:
big_bets is an investment and consulting agency based in Sao Paulo, Brazil, founded in 2019. They specialize in partnering with entrepreneurs to support the development of technology startups, providing investment consulting, mentoring, and strategic guidance to help early-stage companies navigate challenges and achieve growth. In 2025, big_bets participated in a Series B funding round for Midnite, a sports betting platform that raised $10 million. This investment highlights their engagement in the sports betting industry, showcasing their commitment to innovative ventures within this sector while maintaining a broader focus on technology startups.
7. Upload Ventures
- Website: upload.ventures
- Type: Venture Capital
- Headquarters: Sao Paulo, Sao Paulo, Brazil
- Founded year: 2022
- Headcount: 11-50
- Number of deals in 2024: 3
- LinkedIn: upload-ventures
Upload Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2022. The firm specializes in investing in and supporting technology-driven companies across various industries, including SaaS, healthtech, and gaming. They aim to partner with startups to provide the necessary investment, consulting, and resources for growth, particularly focusing on Latin American leaders shaping the world. Notably, Upload Ventures led a seed investment round for Tipspace, a software application for 'play-to-earn' games, which raised $3 million. This investment highlights their engagement in the gaming sector, which is closely related to sports betting, as both industries often intersect in the realm of online gaming and betting platforms.
8. Base Partners
- Website: basepar.com
- Type: Venture Capital
- Headquarters: Sao Paulo, Sao Paulo, Brazil
- Founded year: 2016
- Headcount: 1-10
- LinkedIn: base-growth
Base Partners is a venture capital firm based in Sao Paulo, Brazil, founded in 2016. The firm specializes in investing in private technology companies, particularly in Latin America, providing both capital and strategic support to help these companies thrive in competitive markets. Notably, Base Partners has participated in several funding rounds for Mobile Premier League (MPL), a mobile gaming platform that has raised significant capital, including $150 million in Series E and $95 million in Series D funding. These transactions highlight Base Partners' engagement in the gaming sector, which is closely related to sports betting, as MPL operates in a space that includes skill-based gaming and esports.
9. 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. The firm specializes in early-stage investments across Latin America, providing capital, co-founding assistance, and fostering a strong community of entrepreneurs. In 2022, Canary participated in a seed round for Matchday, a company that operates in the sports betting space. This investment highlights Canary's engagement with startups in the sports betting industry, showcasing their willingness to support innovative ventures in this sector while maintaining a broader investment strategy across various industries.
10. Marathon Ventures
- Website: marathonvc.com
- Type: Venture Capital
- Headquarters: Bogota, Bogota, Colombia
- Founded year: 2020
- Headcount: 1-10
- Number of deals in 2024: 9
- LinkedIn: marathon-lab
Marathon Ventures is a venture capital firm based in Bogota, Colombia, founded in 2020. The firm specializes in investing in early-stage technology companies across Latin America, providing capital, networking opportunities, and advisory services to help startup founders build impactful B2B solutions. Among their portfolio, they have made notable investments, including a $6M seed round in Fanki, a startup focused on developing an online platform that connects sports clubs with fans. This investment highlights their interest in the sports sector, which is closely related to sports betting, as it involves enhancing fan engagement and interaction within the sports ecosystem.
11. TreeCorp Investimentos
- Website: treecorpinvest.com
- Type: Private Equity
- Headquarters: Sao Paulo, Sao Paulo, Brazil
- Founded year: 2012
- Headcount: 11-50
- LinkedIn: treecorp-investimentos
TreeCorp Investimentos is a private equity firm based in Sao Paulo, Brazil, founded in 2012. The firm specializes in investing in high-growth companies across various sectors in Brazil, providing capital and advisory services to enhance business performance. One of their notable transactions includes the acquisition of Coritiba Foot Ball Club on May 9, 2023, for approximately $260.67 million. This acquisition highlights TreeCorp's strategic interest in the sports industry, particularly in football, which is a significant area for sports betting. By investing in a football club, TreeCorp positions itself within the sports ecosystem, potentially influencing and benefiting from the sports betting landscape.
Sports Betting Insights: Key Investors in Latin America
| Investor | Headquarter | Size | Founded | Deals 2024 |
|---|---|---|---|---|
| bossa invest | Sao Paulo, Sao Paulo, Brazil | 11-50 | 2011 | 56 |
| Go4it Capital | Sao Paulo, Sao Paulo, Brazil | 1-10 | 2015 | 0 |
| Verve Capital | Sao Paulo, Sao Paulo, Brazil | 1-10 | 2019 | 3 |
| Magma Partners | Providencia, Santiago, Chile | 11-50 | 2014 | 6 |
| Kaszek | Sao Paulo, Sao Paulo, Brazil | 11-50 | 2011 | 17 |
| big_bets | Sao Paulo, Sao Paulo, Brazil | 1-10 | 2019 | 10 |
| Upload Ventures | Sao Paulo, Sao Paulo, Brazil | 11-50 | 2022 | 3 |
| Base Partners | Sao Paulo, Sao Paulo, Brazil | 1-10 | 2016 | 0 |
| Canary | Sao Paulo, Sao Paulo, Brazil | 11-50 | 2017 | 23 |
| Marathon Ventures | Bogota, Bogota, Colombia | 1-10 | 2020 | 9 |
| TreeCorp Investimentos | Sao Paulo, Sao Paulo, Brazil | 11-50 | 2012 | 0 |
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