The condiment and sauce manufacturers industry in Latin America is thriving, featuring a mix of traditional and innovative companies. These businesses produce a wide range of products, including sauces, dressings, marinades, and seasonings, highly influenced by local flavors and culinary practices. As consumer preferences shift toward health-conscious eating, many manufacturers focus on organic and sustainable ingredients. The industry is seeing a surge in artisanal brands that prioritize unique flavors and local sourcing, offering a fresh take on familiar condiments. Enhanced distribution channels and digital platforms are further propelling the market's growth, reflecting a bright future.


This list showcases a blend of investors, predominantly venture capital firms and corporate investment entities, that are shaping the condiment and sauce landscape in Latin America. Distributed across Brazil, Mexico, and beyond, these investors vary in size, with most managing between 1 to 50 employees. Established from 1995 to 2022, they demonstrate a commitment to the food sector with documented investments in 2024 alone, reflecting both established interests and emerging opportunities within the industry. Each investor contributes a unique perspective and financial support to propel innovation in the condiment manufacturing space.


Top 12 Condiment and Sauce Manufacturers 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, but has also shown interest in the food industry through several relevant transactions. Notably, Bossa Invest participated in the funding of Legurmê, which raised $482,461 in debt financing in 2019, indicating their support for food-related ventures. They also invested in Maza, a company that raised funds in 2023, and Made in Natural, which secured pre-seed funding in 2018. Furthermore, their involvement in Banza, which raised $20 million to enhance its food service and brand development, highlights their commitment to supporting companies that are part of the food ecosystem. This diverse portfolio demonstrates Bossa Invest's capability and willingness to invest in the condiment and sauce manufacturing sector, alongside their primary focus on technology.


2. Semillero Partners LLC


Semillero Partners LLC is a venture capital firm based in San Juan, Puerto Rico, founded in 2016. The firm specializes in empowering entrepreneurs within the Food & Beverage, Food Tech, and Wellness industries, providing both investment capital and strategic guidance to foster sustainable business growth. Notably, Semillero Partners participated in a $3 million Series A funding round for Afia, a Mediterranean food company, which aims to scale its product line and expand manufacturing capabilities. This investment aligns with their focus on the Food & Beverage sector, highlighting their commitment to supporting innovative food companies. Additionally, they have been involved in other transactions, such as investments in The Jackfruit Company and Better Juice, further demonstrating their engagement in the food industry.


3. Santatera Capital

  • Website: santatera.com
  • Type: Venture Capital
  • Headquarters: Guadalajara, Jalisco, Mexico
  • Founded year: 2022
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: santatera-capital

Santatera Capital is a venture capital firm based in Guadalajara, Jalisco, Mexico, founded in 2022. The firm specializes in investments within the Food & Beverage industry, focusing on early-stage startups that are innovating in food products and technologies. Santatera Capital aims to provide capital and strategic support to help these businesses grow in a competitive market. Notably, they have led seed funding rounds for Tia Lupita Foods, a company known for its Mexican-inspired food products, which aligns with the condiment and sauce sector. Additionally, they have participated in funding rounds for other food-related startups, indicating a broader interest in the food industry, which may include condiments and sauces. Their recent transactions, such as the investment in Tia Lupita Foods, highlight their commitment to supporting innovative food brands.


4. Order VC

  • Website: ordervc.com
  • Type: Corporate
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: ordervc

Order Venture Capital is a corporate venture capital firm based in Sao Paulo, Brazil, that specializes in investing in early-stage consumer goods companies. They provide not only capital but also management consulting and branding support to help these companies grow and establish strong market positions. Their investment portfolio includes companies like La Guapa, which raised $9,383,798 in a private equity round, and Enova Foods, which raised an undisclosed amount in a venture round. Although the specific focus on condiment and sauce manufacturers is not explicitly stated, their involvement in the consumer goods sector indicates a potential interest in food-related investments, making them a relevant player in this space.


5. Crescera Capital

  • Website: crescera.com
  • Type: Private Equity
  • Headquarters: Rio De Janeiro, Rio De Janeiro, Brazil
  • Founded year: 2008
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: bozano-investimentos

Crescera Capital is a private equity investment firm based in Rio de Janeiro, Brazil, founded in 2008. The firm specializes in providing growth capital and strategic guidance to mid-sized companies across various sectors, including education, technology, and health. Notably, Crescera has also invested in the food industry, with transactions involving companies such as Laticinios Sao Vincente, which operates in the dairy sector, and Villa Germania Alimentos, which is involved in food production. These investments highlight Crescera's engagement with the food market, suggesting a potential interest in condiment and sauce manufacturers as part of their broader investment strategy.


6. Crp

  • Website: crp.com.br
  • Type: Corporate
  • Headquarters: Porto Alegre, Rio Grande Do Sul, Brazil
  • Founded year: 1981
  • Headcount: 11-50
  • LinkedIn: crp

CRP Companhia de Participações is a corporate investment firm based in Porto Alegre, Brazil, specializing in private equity and venture capital. Founded in 1981, CRP has over 35 years of experience in providing capital and strategic support to small and medium-sized enterprises, as well as larger companies seeking growth. Their portfolio spans diverse sectors, indicating a broad investment strategy. Notably, CRP has been involved in several transactions, including investments in Grano Congelados, a company that may relate to food products, and Carobhouse, which raised funds in both a Series A round and a Private Equity round. These transactions suggest CRP's engagement in the food industry, which could encompass condiment and sauce manufacturers. Their role in enhancing governance and management practices within their invested companies further supports their potential relevance to this sector.


7. 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 2024, they have made 23 investments, showcasing their active role in supporting startups. Notably, they have invested in Cayena, a B2B food marketplace that raised $55 million in a Series B round in July 2024, indicating their engagement in the food sector. Additionally, they were involved in Mercanto (previously Miferia), which raised $7 million in a seed round in August 2022. These transactions highlight Canary's interest in food-related ventures, which could extend to condiment and sauce manufacturers, although their specific focus on this niche is not clearly defined.


8. Newtopia VC

  • Website: newtopia.vc
  • Type: Venture Capital
  • Headquarters: Buenos Aires, Buenos Aires, Argentina
  • Founded year: 2021
  • Headcount: 11-50
  • Number of deals in 2024: 11
  • LinkedIn: newtopiavc

Newtopia Venture Capital is a venture capital firm based in Buenos Aires, Argentina, founded in 2021. The firm specializes in early-stage investments in technology startups across Latin America, providing financial support and mentorship to help these startups achieve product-market fit and grow their businesses. Newtopia aims to foster innovation and entrepreneurship within the Latin American tech ecosystem. Among their notable transactions, they invested in Kitchenita, an Argentinian foodtech company that raised $3M in a pre-series A round. This investment highlights Newtopia's engagement with the food industry, which includes potential opportunities in condiment and sauce manufacturing. Additionally, they have been involved in other food-related ventures, indicating a broader interest in the food sector.


9. Brasil Venture Debt


Brasil Venture Debt is a venture capital firm based in Sao Paulo, Brazil, founded in 2019. The firm specializes in providing venture debt solutions to innovative and high-growth companies, allowing them to access capital without diluting ownership. This enables startups to expand and leverage equity rounds effectively. Notably, Brasil Venture Debt has been involved in transactions with companies like Legurmê, which raised $482,461 in debt financing in September 2019, and Goomer, which secured $281,096 in debt financing in May 2020. The investment in Legurmê highlights their engagement in the condiment sector, showcasing their willingness to support businesses within this industry.


10. Nexxus Capital


Nexxus Capital is a private equity investment firm based in Mexico City, Mexico, founded in 1995. The firm specializes in providing private equity and mezzanine debt to mid-sized companies primarily in Mexico and Spain. With a focus on helping businesses grow and expand, Nexxus Capital manages multiple funds aimed at enhancing the operations and market presence of its clients. Among their notable transactions, they invested in Ybarra, a company recognized for its range of condiments and sauces, in 2000. This investment highlights their involvement in the food sector, particularly in products related to condiments. Additionally, they have invested in companies like Genomma Lab and Immunotec, which, while not directly related to condiments, showcase their diverse investment portfolio. Overall, Nexxus Capital's experience with Ybarra suggests a potential interest in the condiment and sauce industry, although their broader investment strategy encompasses various sectors.


11. Grupo Arancia

  • Website: arancia.com.mx
  • Type: Corporate
  • Headquarters: Guadalajara, Jalisco, Mexico
  • Founded year: 1925
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: grupo-arancia

Grupo Arancia, founded in 1925 and based in Guadalajara, Jalisco, Mexico, is a corporate investor with a workforce of 1001-5000 employees. The company operates primarily in the food service, biotechnology, and natural extracts industries, focusing on providing high-quality ingredients and logistics solutions to businesses in the food and beverage sector. Their commitment to sustainability and innovation ensures reliable supply chains and product excellence. Notably, Grupo Arancia has been involved in several significant transactions, including a $25 million investment in GrubMarket, a company that connects food producers with buyers, which could encompass condiment and sauce manufacturers. They also participated in a $10 million Series A round for iwi Life, a company focused on sustainable nutrition, further indicating their interest in the food sector. These investments highlight Grupo Arancia's active role in the food industry, making them a relevant player in the condiment and sauce manufacturing space.


12. EcoEnterprises Fund


EcoEnterprises Fund is a not-for-profit impact investment fund founded in 1998, based in Costa Rica and Mato Grosso Do Sul, Brazil. The fund specializes in providing investment and advisory services to small businesses that promote biodiversity, climate solutions, and social equity. Their portfolio includes companies in agriculture, aquaculture, and ecotourism, with a strong emphasis on enhancing sustainability practices. Notably, EcoEnterprises Fund led a successful Series A funding round for Nuu, a Brazilian foodtech startup that raised USD $4 million to expand its distribution of carbon-neutral food products made from cassava. This investment highlights their interest in innovative food solutions that align with sustainable practices. Additionally, they have been involved in other ventures, such as FLP, indicating a broader engagement in the food sector.



Condiment and Sauce Manufacturers Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
bossa investSao Paulo, Sao Paulo, Brazil11-50201156
Semillero Partners LLCSan Juan, San Juan, Puerto Rico1-1020161
Santatera CapitalGuadalajara, Jalisco, Mexico1-1020222
Order VCSao Paulo, Sao Paulo, Brazil1-101
Crescera CapitalRio De Janeiro, Rio De Janeiro, Brazil11-5020087
CrpPorto Alegre, Rio Grande Do Sul, Brazil11-5019810
CanarySao Paulo, Sao Paulo, Brazil11-50201723
Newtopia VCBuenos Aires, Buenos Aires, Argentina11-50202111
Brasil Venture DebtSao Paulo, Sao Paulo, Brazil1-1020190
Nexxus CapitalMexico City, Mexico City, Mexico11-5019950
Grupo AranciaGuadalajara, Jalisco, Mexico1001-500019251
EcoEnterprises FundCosta Rica, Mato Grosso Do Sul, Brazil1-1019983


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