The cybersecurity industry in Latin America is rapidly evolving, driven by the increasing demand for online security across various sectors. Companies range from startups focusing on niche services, like penetration testing, to established firms offering comprehensive security solutions for large enterprises. The region faces unique challenges, such as rising cyber threats and the need to comply with stringent data protection regulations. As more businesses go digital, investing in cybersecurity is becoming a priority. With the correct blend of innovation and investment, the future looks promising for cybersecurity, making it an exciting sector for entrepreneurs and investors alike.

The cybersecurity investment scene in Latin America features a mix of venture capital firms and corporate entities, primarily anchored in São Paulo and Buenos Aires. Established from 2007 to 2020, these investors vary in size, with most managing a range of 1-50 employees. In 2024, they collectively made numerous significant investments, signaling robust activity in this sector. Notably, firms like Mindset Ventures and Canary have been particularly proactive, reflecting growing interest in funding cybersecurity startups to enhance regional security practices and technologies.

Top 12 Cybersecurity 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 has made a notable impact by providing capital, strategic guidance, and access to a network of co-investors. In recent years, Bossa Invest has participated in several transactions relevant to the cybersecurity industry, including investments in AttackIQ, a vendor of Breach and Attack Simulation systems, and Salt Security, which raised $20 million in Series A funding. Additionally, Bossa Invest has invested in Perception Point, further solidifying its commitment to supporting cybersecurity innovations. The firm also offers educational resources for investors and startups, aiming to empower entrepreneurs and foster growth in the startup ecosystem.

2. Mindset Ventures

• Website: mindset.ventures
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2016
• Headcount: 1-10
• Number of deals in 2024: 7
• LinkedIn: mindset-ventures

Mindset Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2016. The firm specializes in early-stage technology investments and provides capital and strategic support to startups across various sectors, including financial services and healthcare. Notably, Mindset Ventures has invested in cybersecurity companies such as Sepio, which raised a total of $8.5 million across multiple funding rounds (Seed and Series A) in 2019. Additionally, they have shown interest in the cybersecurity space through their involvement with Eclypsium, a startup focused on supply chain security, although their direct investment in Eclypsium is not specified. This track record highlights their commitment to supporting innovative technology solutions, including those in the cybersecurity domain.

3. Thomson Reuters Costa Rica

• Website: thomsonreuters.com
• Type: Corporate
• Headquarters: Heredia, Heredia, Costa Rica
• Founded year: 1977
• Headcount: 51-200
• Number of deals in 2024: 4
• LinkedIn: thomson-reuters-costa-rica

Thomson Reuters Costa Rica is a corporate investor based in Heredia, Costa Rica, and is part of the larger Thomson Reuters organization, which was founded in 1977. The company specializes in legal services and information technology solutions, providing a wide range of products including legal research tools and tax compliance software. Notably, Thomson Reuters has made strategic investments in the cybersecurity space, including the acquisition of MarkMonitor, a leader in online brand protection, which enhances their Intellectual Property & Science business. Additionally, they invested in Enveil, a cybersecurity startup that raised $4 million to develop a platform that keeps data encrypted while in use. This investment highlights their engagement in cybersecurity innovation and solutions, complementing their broader portfolio aimed at improving efficiency and compliance for legal professionals and businesses.

4. NXTP Ventures

• Website: nxtp.vc
• Type: Venture Capital
• Headquarters: Buenos Aires, Buenos Aires, Argentina
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 4
• LinkedIn: nxtp-ventures

NXTP Ventures is a venture capital firm based in Buenos Aires, Argentina, founded in 2011. The firm specializes in investing in early-stage B2B startups across Latin America, focusing on sectors such as Cloud & SaaS, E-commerce, Fintech, and AI. Notably, NXTP Ventures has made significant investments in the cybersecurity space, including a seed investment in Strike Security, which aims to enhance penetration testing through a combination of automation and ethical hacking. Additionally, NXTP Ventures was an early investor in Auth0, which raised $2.4 million in a seed round in 2014; Auth0 provides essential authentication services that are crucial for cybersecurity. These transactions highlight NXTP Ventures' engagement in the cybersecurity industry, alongside their broader investment strategy.

5. 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. Among their notable transactions, they invested in Strike Security, which raised $5.4 million in a seed round aimed at enhancing penetration testing through innovative solutions. Additionally, they participated in a Series A funding round for Gabriel, a startup focused on security technology and AI, which raised $12 million to expand its safety surveillance network. These investments highlight Canary's commitment to supporting companies that contribute to the cybersecurity landscape.

6. Oria Capital

• Website: oriacapital.com.br
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2009
• Headcount: 11-50
• LinkedIn: oria-gest%c3%a3o-de-recursos

Oria Capital is a private equity firm based in Sao Paulo, Brazil, specializing in growth equity investments in B2B technology companies. Founded in 2009, the firm provides capital and strategic guidance to help technology firms scale and innovate. Their focus is primarily on the software sector, and they actively manage a portfolio of investments to drive growth and enhance market presence. Notably, Oria Capital has made investments in cybersecurity-related companies, including Cipher and Blockbit, both of which raised funds in 2015. These transactions highlight Oria Capital's engagement in the cybersecurity space, showcasing their interest in supporting companies that contribute to this critical sector.

7. 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, with a focus on sectors such as fintech and insurtech. However, they have also demonstrated a commitment to the cybersecurity industry through their investments in relevant companies. For instance, they participated in a $5.4 million seed investment in Strike Security, which aims to enhance penetration testing through automation and ethical hacking. Additionally, they invested in Base Operations, which raised $2.2 million to develop a threat mapping platform that supports enterprise security operations. These transactions highlight Magma Partners' engagement in the cybersecurity sector, alongside their broader investment strategy that addresses significant regional challenges and supports scalable technology businesses.

8. unico IDtech

• Website: unico.io
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2007
• Headcount: 501-1000
• Number of deals in 2024: 2
• LinkedIn: unicoidtech

Unico IDtech is a technology company based in Sao Paulo, Brazil, specializing in identity verification and HR solutions. Founded in 2007, the company operates a SaaS model, providing services such as digital identity verification and fraud prevention to various sectors, including retail and banking. In recent years, Unico has made several strategic acquisitions to bolster its capabilities in cybersecurity. Notably, they acquired Makrosystems in August 2022 for R150 million, enhancing their biometric authentication and fraud prevention capabilities. Additionally, their acquisition of Oz Forensics in September 2024 further underscores their commitment to strengthening their cybersecurity offerings. These transactions reflect Unico's proactive approach to expanding its influence in the cybersecurity domain, particularly in identity management and fraud prevention.

9. Latitud

• Website: latitud.com
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2020
• Headcount: 11-50
• Number of deals in 2024: 24
• LinkedIn: latitude4

Latitud is a venture capital firm and startup accelerator based in Sao Paulo, Brazil, founded in 2020. It supports tech founders in Latin America by providing funding, mentorship, and community resources to help startups scale and succeed. Latitud has been involved in various transactions, including notable investments in the cybersecurity sector. For instance, they participated in the seed investment round for Strike Security, which raised $5.4 million to enhance penetration testing through a combination of automation and ethical hackers. This involvement highlights Latitud's commitment to fostering growth in the tech ecosystem, including the cybersecurity domain, while also engaging in other sectors such as insurtech with their investment in Latú Seguros.

10. 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 focuses on investing in private technology companies, particularly in Latin America, providing capital and strategic support to help these companies grow in competitive markets. Notably, Base Partners has been involved in significant funding rounds for Netskope, a leading cybersecurity company, raising $300 million in July 2021, $168.7 million in November 2018, and participating in additional funding rounds that contributed to Netskope's valuation nearing $3 billion. This involvement highlights Base Partners' engagement in the cybersecurity space, alongside their broader investment strategy in technology businesses.

11. Norte Ventures

• Website: norte.ventures
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2020
• Headcount: 1-10
• Number of deals in 2024: 11
• LinkedIn: norteventures

Norte Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2020. The firm focuses on empowering startups and fostering innovation in the technology sector, providing resources, consulting services, and investment management to help entrepreneurs navigate the challenges of building and scaling their businesses. Among their transactions, they participated in the Series A funding round for Gabriel, a technology and security-focused AI startup that raised $12 million. This investment highlights Norte Ventures' engagement in the cybersecurity space, as Gabriel aims to enhance safety surveillance through technology. Additionally, Norte Ventures has been involved in other technology-related investments, but their connection to Gabriel underscores their potential relevance in the cybersecurity industry.

12. Dgf

• Website: dgf.com.br
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2001
• Headcount: 11-50
• Number of deals in 2024: 3
• LinkedIn: dgf-investimentos

DGF is a venture capital firm based in Sao Paulo, Brazil, founded in 2001. The firm specializes in investing in high-growth technology companies, providing not only capital but also strategic support and networking opportunities to help these companies accelerate their growth and increase their value. Among their notable transactions, DGF invested in Axur, a company that raised funds in a Series A round in February 2019, focusing on cybersecurity solutions. They also invested in Mosyle, which raised funds in seed rounds in 2015 and 2017, although Mosyle primarily focuses on mobile device management and security for educational institutions. Additionally, DGF was involved with Daitan Group, which raised funds in a Series A round in 2006, a company that provides software development services, potentially including cybersecurity-related projects. These transactions highlight DGF's engagement with companies that have relevance in the cybersecurity domain.

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