The fantasy sports industry in Latin America is gaining traction as sports fans engage with their favorite games in innovative ways. Companies across the region provide myriad platforms, allowing users to create teams, compete, and interact with peers. These platforms often incorporate cutting-edge technology like blockchain, enhancing transparency and security while also introducing new models for user engagement. The sector is evolving, with many startups expanding into broader gaming communities, merging with esports, and exploring partnerships with traditional sports leagues. As investment interest climbs, 2024 promises significant growth for fantasy sports in the dynamic Latin American market.

This list highlights notable investors in the fantasy sports industry in Latin America, primarily venture capital firms headquartered in cities like Sao Paulo and Buenos Aires. The investors range in size from small teams of 1-10 to larger firms with up to 200 employees. Established between 2011 and 2022, these firms demonstrate an increasing commitment to the sector, having made investments in 2024 that reflect their strategic interests. With several players taking part in significant funding rounds, their influence continues to shape the future of fantasy sports across the continent.

Top 12 Fantasy Sports 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 made significant investments in the fantasy sports domain, including a $10 million seed round investment in Sorare, a leading fantasy sports platform that utilizes blockchain technology. Additionally, they have invested in Zed Run, a digital horse racing game that has gained popularity in the fantasy sports community. These transactions highlight Bossa Invest's commitment to supporting and fostering growth in the fantasy sports industry, alongside their broader focus on technology startups.

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 the sports, digital media, and well-being sectors. Go4it Capital has made notable investments in the fantasy sports industry, including a significant investment in Sorare, which raised $48.6 million in Series A funding in February 2021. Sorare is a leading fantasy sports platform that utilizes blockchain technology to enhance user engagement. Additionally, Go4it Capital invested $6 million in Rei do Pitaco in May 2021, a Brazilian fantasy sports platform that allows users to create their own teams and compete in various sports leagues. These investments highlight Go4it Capital's commitment to supporting innovative companies in the fantasy sports space, alongside their broader focus on sports and digital media.

3. Infinite Capital

• Website: infinite.xyz
• Type: Venture Capital
• Headquarters: San Juan, San Juan, Puerto Rico
• Founded year: 2017
• Headcount: 1-10
• Number of deals in 2024: 7
• LinkedIn: infinitecap

Infinite Capital is a venture capital firm based in San Juan, Puerto Rico, founded in 2017. The firm focuses on supporting innovative teams at the forefront of decentralized networks and deep tech, providing capital and strategic guidance to entrepreneurs. In 2024, they participated in notable transactions such as Pixelmon, a web3 project that raised $8 million to revamp its IP, and Gunzilla Games, which raised $10 million through an Initial Coin Offering. Additionally, they invested in Heroes of Mavia, which raised $5.5 million in a seed round, and Dynasty Studios, which raised $55,000. These investments highlight their commitment to projects that blend gaming and decentralized technologies, making them a relevant player in the fantasy sports investment landscape.

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 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 within the fantasy sports sector, particularly with Rei do Pitaco, a leading fantasy sports platform in Brazil. Kaszek co-led a Series A funding round for Rei do Pitaco, which raised R$180 million, following their participation in a $6 million seed round for the same company. These investments highlight Kaszek's active role in the fantasy sports industry, showcasing their commitment to supporting innovative startups in this space.

5. 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. Verve Capital has a diverse portfolio, with a focus on innovative sectors such as FinTech, HealthTech, and EdTech. Notably, they have made multiple investments in Rei do Pitaco, a fantasy sports platform, raising a total of $6 million in a seed round and $100,000 in pre-seed rounds in 2020. This involvement highlights their interest in the fantasy sports industry, alongside their broader investment strategy.

6. Snackclub

• Website: snackclub.gg
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2021
• Headcount: 51-200
• Number of deals in 2024: 1
• LinkedIn: snackclubgg

Snackclub is a corporate investor based in Sao Paulo, Brazil, founded in 2021. They are primarily focused on the gaming community and esports, providing opportunities for gamers to engage in tournaments and events with crypto prizes. Snackclub has been involved in several notable transactions, including a $2.4 million investment in Theia Studios, an independent game studio, and participation in seed funding rounds for various gaming projects such as Blocklords and Jungle. These investments highlight their commitment to fostering innovation in the gaming sector, which encompasses fantasy sports as part of the competitive gaming experience.

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. They specialize in early-stage investments across Latin America, providing capital, co-founding assistance, and fostering a strong community of entrepreneurs. Notably, Canary has invested in several companies relevant to the gaming and fantasy sports industry, including Matchday, a platform that likely engages users in fantasy sports, and Gamers Club, which caters to the gaming community. Their investment strategy emphasizes supporting startups that have the potential to grow and succeed, making them a valuable player in the fantasy sports investment landscape.

8. 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 transaction highlights their engagement in the sports industry, which is relevant to fantasy sports. Additionally, they have invested in various fintech startups, showcasing their diverse investment strategy.

9. Valhalla Capital

• Website: valhalla.capital
• Type: Venture Capital
• Headquarters: San Juan, San Juan, Puerto Rico
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn: valhalla-capital

Valhalla Capital is a venture capital firm based in San Juan, Puerto Rico, dedicated to supporting founders and builders in the realms of decentralized finance, play-to-earn, and the metaverse. They provide essential services such as capital, connections, research, and strategic guidance to help startups navigate their respective industries. Notably, Valhalla Capital has participated in several seed funding rounds for projects that are relevant to the gaming sector, including Genopets, which raised $8.3 million, and GameDAO, which secured $2 million. Their investment in GoSats, a Bitcoin rewards app, further demonstrates their engagement in innovative financial technologies that could intersect with gaming and fantasy sports. With a focus on emerging technologies and gaming, Valhalla Capital is well-positioned to support ventures that may include fantasy sports platforms.

10. 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 focuses on 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 Mokens League, an NFT-based eSports platform that raised $2 million in seed funding for game development and server construction. This investment highlights their engagement in the gaming sector, which is closely related to fantasy sports. Other investments include Slice Token, Enigma.art, Polemix, and Menta Tech, showcasing their diverse portfolio in technology-driven ventures.

11. 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, specializing in early-stage technology investments. Founded in 2016, the firm provides capital and strategic support to startups across various sectors, including financial services and healthcare. Notably, Mindset Ventures has also made significant investments in the gaming and esports industries, which are closely related to fantasy sports. For instance, they participated in the seed funding round for Sizzle.gg, a platform designed for esports leagues and video game streamers, raising $5 million in May 2022. Additionally, they were involved in the seed funding for Scoutible, a company that utilizes video game-based AI for hiring, which highlights their interest in the gaming sector. These transactions reflect Mindset Ventures' commitment to supporting innovative companies within the gaming ecosystem, making them a relevant player in the fantasy sports investment landscape.

12. 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 founded in 2016, based in Sao Paulo, Brazil, that focuses on investing in private technology companies, particularly in Latin America. The firm provides capital and strategic support to help these companies grow and succeed in competitive markets. Notably, Base Partners has participated in several funding rounds for Mobile Premier League (MPL), a prominent mobile gaming platform that includes fantasy sports offerings. They were involved in MPL's Series A, C, D, and E funding rounds, contributing to a total of $150 million raised in Series E and $95 million in Series D, among others. Additionally, Base Partners invested in Wildlife Studios, a gaming company, further showcasing their commitment to the gaming sector.

Fantasy Sports 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
Infinite Capital	San Juan, San Juan, Puerto Rico	1-10	2017	7
Kaszek	Sao Paulo, Sao Paulo, Brazil	11-50	2011	17
Verve Capital	Sao Paulo, Sao Paulo, Brazil	1-10	2019	3
Snackclub	Sao Paulo, Sao Paulo, Brazil	51-200	2021	1
Canary	Sao Paulo, Sao Paulo, Brazil	11-50	2017	23
Magma Partners	Providencia, Santiago, Chile	11-50	2014	6
Valhalla Capital	San Juan, San Juan, Puerto Rico	1-10		2
Newtopia VC	Buenos Aires, Buenos Aires, Argentina	11-50	2021	11
Mindset Ventures	Sao Paulo, Sao Paulo, Brazil	1-10	2016	7
Base Partners	Sao Paulo, Sao Paulo, Brazil	1-10	2016	0

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