The public transportation industry in Latin America plays a crucial role in the daily lives of millions. It is comprised of a variety of companies, including bus operators, ride-hailing services, and bike-sharing platforms. This sector not only moves people but also shapes urban development. Recently, there has been a surge in investments aimed at sustainable and smart mobility solutions. Innovations like electric buses and integrated transport apps are gaining traction, with firms addressing urban congestion and pollution. As cities grow, the need for efficient transport systems becomes even more pressing, paving the way for future advancements and opportunities.


The investors in this list comprise a mix of venture capital and corporate firms, primarily based in Brazil and Mexico. Most were founded in the past decade, with active deal counts in 2024 varying from one to 56. This reflects a notable focus on progressive startups, especially in urban mobility. With team sizes generally ranging from small to mid-sized, these investors are keen on fostering innovations that enhance public transportation. Their backing is pivotal as transport solutions evolve to meet urbanization challenges across Latin America.


Top 12 Public Transportation 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 within the technology sector, and provides capital, strategic guidance, and access to a network of co-investors. Bossa Invest is committed to empowering entrepreneurs and fostering growth in the startup ecosystem. Among their notable transactions, Bossa Invest participated in the Series E funding round for Cabify, which raised $160 million in January 2018, a significant player in the ride-hailing market. Additionally, they invested in Tembici, which raised $60 million in December 2021 and is focused on expanding electric bike operations and urban mobility solutions. This investment aligns with the increasing interest in sustainable transportation options, further solidifying Bossa Invest's relevance in the public transportation sector.


2. Liil Ventures

  • Website: liil.city
  • Type: Venture Capital
  • Headquarters: Mexico City, Mexico City, Mexico
  • Founded year: 2017
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: liil-ventures

Liil Ventures is a venture capital firm based in Mexico City, founded in 2017, that focuses on enhancing urban living through smart city and mobility solutions. They invest in early-stage companies and provide strategic support, leveraging their extensive network to help entrepreneurs succeed in addressing urban challenges. Notably, Liil Ventures has been involved in several relevant transactions in the public transportation context, including a significant investment in Cabify, a ride-hailing service, which raised $160 million in 2018. They also invested in Urbvan, a startup providing private transportation shuttles in Mexico, and participated in funding rounds for BusUp, a corporate bus commuter management solution, and Meep, a mobility app aimed at improving urban transport. These investments highlight their commitment to supporting innovative transportation solutions that enhance urban mobility.


3. Proeza Ventures

  • Website: proezaventures.com
  • Type: Venture Capital
  • Headquarters: Monterrey, Nuevo Leon, Mexico
  • Founded year: 2019
  • Headcount: 1-10
  • Number of deals in 2024: 6
  • LinkedIn: proezaventures

Proeza Ventures is a venture capital firm based in Monterrey, Nuevo Leon, Mexico, founded in 2019. The firm specializes in early-stage investments within the mobility sector, aiming to partner with visionary founders to transform mobility into more sustainable and efficient solutions. Proeza Ventures has been involved in several notable transactions relevant to public transportation, including a significant investment in BusUp, a Barcelona-based corporate bus commuter management solution, where they led a $6 million Series A round to help the company expand into the US market. Additionally, they participated in funding rounds for Ridepanda, an enterprise micro-mobility platform, which aims to facilitate commuting for employees through innovative vehicle solutions. Their investments reflect a commitment to enhancing mobility and public transportation options, making them a key player in the sector.


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 founded in 2011, based in Sao Paulo, Brazil, that focuses on investing in and supporting entrepreneurs across various technology-driven industries in Latin America. The firm aims to foster a vibrant technology ecosystem in the region through long-term partnerships and strategic guidance. Notably, Kaszek has invested in Urbvan, a startup providing private transportation shuttles in Mexico, which raised $9 million in a Series A funding round in 2019. Additionally, they led a $15 million funding round for GoPass, a paytech company that digitizes toll booth and parking payments in Colombia, which, while not a direct public transportation service, supports the infrastructure of transportation. These transactions highlight Kaszek's engagement in the transportation sector, particularly in innovative solutions that enhance mobility.


5. Ext Capital

  • Website: extcapital.com.br
  • Type: Corporate
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2022
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: ext-capital

EXT Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2022. The firm specializes in providing funding and investment management services to technology startups, with a focus on innovative funding solutions tailored to the needs of their portfolio companies. Notably, EXT Capital has made significant investments in the mobility sector, including a USD $10M investment in Fretadão, a Brazilian corporate transportation startup, aimed at expanding their vehicle fleet and user base. Additionally, they led a $16.4M funding round for Turbi, which is focused on adding new vehicles to its fleet. These transactions highlight EXT Capital's active role in supporting the growth of startups that contribute to public transportation solutions, aligning with their mission to foster innovation in the mobility space.


6. 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, focusing on supporting entrepreneurs with capital, co-founding assistance, and building a strong community of builders. Notably, Canary has participated in several funding rounds for Buser, a platform that provides shared charter and bus services, including a significant R$700 million Series C funding round in 2021. This investment aligns with their strategy of fostering growth in innovative transportation solutions. Additionally, Canary has been involved in other sectors, but their engagement with Buser highlights their interest in the public transportation industry.


7. Avalancha Ventures


Avalancha Ventures is a venture capital firm based in Mexico City, founded in 2015. The firm specializes in investing in early-stage companies that leverage technology to disrupt traditional markets. They provide funding and support to startups, helping them grow and establish themselves. Avalancha Ventures focuses on innovative solutions that improve the quality of life for a large population. Notably, they have invested in Ualabee, which raised $500,000 in a seed round in December 2024, a company dedicated to enhancing urban mobility and public transportation. Additionally, they have invested in Ruedata, which raised $2 million in May 2024, potentially indicating interest in data solutions that could impact transportation systems. Their portfolio reflects a commitment to supporting technologies that can transform public transportation and urban mobility.


8. 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 specializes in providing resources and support for startups in the technology sector, offering consulting services, educational materials, and investment management to help entrepreneurs navigate the challenges of building and scaling their businesses. Notably, Norte Ventures has invested in Buser, a company that raised an undisclosed amount in a Series A round in November 2018, which operates in the public transportation space by facilitating intercity bus travel through a digital platform. Additionally, they invested in Kolors, which raised $6 million in a Seed Round in July 2020, although Kolors does not appear to be directly related to public transportation. Overall, Norte Ventures is focused on empowering startups and fostering innovation in the Brazilian market, including those in the transportation sector.


9. DILA Capital

  • Website: dilacapital.com
  • Type: Venture Capital
  • Headquarters: Mexico City, Mexico City, Mexico
  • Founded year: 2005
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: dila-capital

DILA Capital is a venture capital firm based in Mexico City, Mexico, founded in 2005. The firm specializes in investing in entrepreneurs and companies within the Spanish-speaking world and the Hispanic market in the U.S. DILA Capital provides capital, strategic support, and operational insights to help its portfolio companies grow and succeed. Notably, DILA Capital has invested in Urbvan, a startup that offers private transportation shuttles in Mexico, participating in multiple funding rounds including a Seed Round in 2017, a Convertible Note in 2018, and a Series A round in 2019, totaling over $10 million in investments. Additionally, they have invested in Econduce, an electric moto scooter startup, indicating their interest in innovative transportation solutions. These transactions highlight DILA Capital's commitment to supporting growth in the transportation sector, particularly in urban mobility solutions.


10. IGneous

  • Website: igneous.cl
  • Type: Corporate
  • Headquarters: Chile
  • Headcount: 1-10

IGneous is a corporate investment firm based in Chile that specializes in managing and investing in early-stage companies across various innovative sectors. Founded with a focus on long-term value creation, IGneous provides strategic and operational support to help these companies grow and succeed. Notably, they have been involved in transactions such as Busbud, a Montreal-based online marketplace for intercity bus tickets, which raised $11 million in financing in February 2022. Additionally, they have invested in Recorrido, a platform that has raised funds in seed rounds in 2014 and 2015, indicating their interest in the transportation sector. This combination of investments highlights IGneous's commitment to supporting innovative solutions within the public transportation landscape.


11. Apex Partners


Apex Partners is an investment management and financial advisory firm based in Santo Antônio Do Canaã, Espírito Santo, Brazil. Founded in 2013, the firm offers a range of services including asset management, wealth management, and investment banking, catering to both individual and business clients. Apex Partners operates in multiple regions, focusing on the unique needs of local markets. In 2025, they were involved in a significant transaction with Univale Transportes, which raised approximately $4.78 million in a private equity round. This investment highlights their engagement in the public transportation sector. Additionally, they participated in a funding round for Mottu in 2024, although the details of that transaction are undisclosed. These activities demonstrate Apex Partners' capability and interest in investing within the public transportation industry.


12. 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 and venture capital 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 Capital has made significant investments in the transportation sector, particularly through its involvement with Tembici, which raised $80 million to expand its electric bike operations and enhance urban mobility solutions. This investment reflects Crescera's commitment to supporting innovative transportation alternatives. Additionally, Crescera has invested in Estapar, a company that operates in the parking management sector, further demonstrating its engagement in transportation-related businesses. Overall, Crescera Capital aims to enhance operational performance and prepare companies for market opportunities, making it a versatile investor in both traditional and emerging sectors.



Public Transportation Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
bossa investSao Paulo, Sao Paulo, Brazil11-50201156
Liil VenturesMexico City, Mexico City, Mexico1-1020171
Proeza VenturesMonterrey, Nuevo Leon, Mexico1-1020196
KaszekSao Paulo, Sao Paulo, Brazil11-50201117
Ext CapitalSao Paulo, Sao Paulo, Brazil11-5020222
CanarySao Paulo, Sao Paulo, Brazil11-50201723
Avalancha VenturesMexico City, Mexico City, Mexico1-1020155
Norte VenturesSao Paulo, Sao Paulo, Brazil1-10202011
DILA CapitalMexico City, Mexico City, Mexico11-5020051
IGneousChile1-100
Apex PartnersSanto Antônio Do Canaã, Espírito Santo, Brazil51-20020131
Crescera CapitalRio De Janeiro, Rio De Janeiro, Brazil11-5020087


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