The smart home industry in Latin America is evolving rapidly, driven by technology and increased consumer awareness. This sector includes companies that manufacture connected devices, security systems, and energy-efficient solutions aimed at enhancing home automation. Notable offerings range from smart lighting and home security to advanced appliances and energy management systems, catering to tech-savvy households. As urbanization rises and consumers demand convenience and efficiency, the industry is projected to grow significantly. Analysts predict that smart home adoption will accelerate further over the next few years, with investments and innovations paving the way for new possibilities in home living.

The list showcases investors from Brazil and Mexico primarily, with various types like venture capital firms and private equity companies. They range in size from small teams to larger firms managing hundreds of millions. Since their founding between 2004 and 2020, these firms have made numerous investments, with a total of over 100 deals recorded in 2024. Companies like Bossa Invest and Canary have taken a significant interest in startups revolutionizing the smart home sector, focusing on innovative technologies driving market growth.

Top 12 Smart Home 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 56 investments in 2024 alone. Bossa Invest supports startups by providing capital, strategic guidance, and access to a network of co-investors. They also offer educational resources for investors and startups, aiming to empower entrepreneurs and foster growth in the startup ecosystem. Notably, Bossa Invest has been involved in transactions relevant to the smart home industry, such as their investment in Houseasy, which raised $122,289 in a Seed Round in August 2021, focusing on home automation solutions. Additionally, their investment in Deep Sentinel, which raised $16 million in Series A funding in March 2020, highlights their interest in smart security technologies, further solidifying their relevance in the smart home sector.

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 participated in funding rounds for companies relevant to the smart home industry, such as Xyte, which raised a total of $30 million in a Series A funding round in January 2024, with Mindset Ventures being one of the key investors. Additionally, they have been involved in earlier funding rounds for Xyte, indicating a sustained interest in the company. Their investment in SAM Seamless Network, which focuses on network security for smart devices, further highlights their engagement in the smart home space. Overall, Mindset Ventures combines a strong focus on technology with a growing portfolio that includes smart home-related investments.

3. 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 in the technology sector by providing resources, support, and consulting services to help entrepreneurs navigate the challenges of building and scaling their businesses. Norte Ventures has been active in various funding rounds, including notable investments in technology and security startups. One of their significant transactions includes participation in the Series A funding round for Gabriel, a startup focused on AI technology and security, which raised $12 million to develop a safety surveillance camera network. This involvement highlights Norte Ventures' commitment to fostering innovation in the smart home sector, particularly in security solutions. Additionally, their investment strategy reflects a broader interest in technology-driven startups, positioning them as a supportive player in the Brazilian market.

4. 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. Canary has been involved in several notable transactions, including a significant investment in Gabriel, a startup focused on technology and security that raised $12 million in Series A funding. Gabriel aims to build a safety surveillance camera network, which is a critical aspect of smart home technology. This involvement highlights Canary's interest in the smart home sector, particularly in security solutions, while also maintaining a diverse investment portfolio across various industries.

5. EREN do Brasil

• Website: eren-groupe.com
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2013
• Headcount: 1-10
• Number of deals in 2024: 5
• LinkedIn: eren-do-brasil

EREN do Brasil, part of Groupe Eren, is an energy solutions provider based in Sao Paulo, Brazil, specializing in renewable energy production, energy efficiency technologies, and energy storage solutions. Founded in 2013, the company aims to help businesses and organizations reduce their carbon footprint and optimize energy consumption. Notably, EREN do Brasil has made significant strides in the smart home industry through its acquisition of Delta Dore EMS, a company focused on smart building management, which allows EREN to enhance its energy optimization capabilities. Additionally, EREN has invested in BeeBryte, a company that raised over $8 million in Series C funding, and Accenta, which secured €108 million in funding for decarbonizing building heating and cooling. These transactions highlight EREN's commitment to innovative technologies that support the transition to a sustainable energy future, particularly in the context of smart homes.

6. TM3 Capital

• Website: tm3.capital
• Type: Corporate
• Headquarters: Cidade Industrial De Curitiba, Paraná, Brazil
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 3
• LinkedIn: triv%c3%a8llam3

TM3 Capital is an investment management firm based in Cidade Industrial De Curitiba, Paraná, Brazil, founded in 2011. The firm specializes in long-term investments across various sectors, including venture capital, asset management, and real estate. TM3 Capital aims to optimize portfolios for individual and institutional investors through innovative strategies and active participation in their portfolio companies. Notably, TM3 Capital has engaged in several transactions relevant to the smart home context, such as its investment in Spotlar, a Brazilian PropTech startup that raised funds to expand its operations, indicating a focus on technology that could enhance property management and smart home integration. Additionally, their investment in Housi, which raised significant capital in 2024, suggests an interest in the housing sector, where smart home technologies are increasingly being adopted.

7. GRIDS Capital

• Website: gridscapital.com
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2016
• Headcount: 1-10
• Number of deals in 2024: 1
• LinkedIn: grids-capital

GRIDS Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2016. The firm specializes in deep tech ventures, providing investment and market analysis services to entrepreneurs and businesses in advanced technology sectors. GRIDS Capital aims to build a diverse portfolio that supports innovation and development in various industries, including artificial intelligence and life sciences. Among their notable transactions, they participated in the Series D funding round for Matterport, which raised over $39 million. Matterport's technology is particularly relevant to the smart home industry, as it enables 3D modeling and virtual tours of spaces, enhancing home automation and real estate experiences. Other investments include FORT Robotics, which focuses on robotics technology, and Particle, which provides IoT solutions, both of which have potential applications in smart home environments.

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 have invested in Neivor, a company that develops applications for residential complexes, raising multiple rounds of funding, including a significant $3.5 million in 2022. This involvement highlights their interest in the smart home sector, alongside their primary focus on fintech and insurtech. Other investments include Jooycar and PleIQ, which, while not directly related to smart home technology, showcase their diverse investment strategy.

9. Angel Ventures

• Website: angelventures.vc
• Type: Venture Capital
• Headquarters: Mexico
• Founded year: 2008
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn: angel-ventures-mexico

Angel Ventures is a venture capital firm founded in 2008, based in Mexico, that specializes in investing in early-stage technology companies across various sectors in Latin America. The firm provides funding, mentorship, and resources to help startups grow and succeed. Notably, Angel Ventures has participated in funding rounds for companies like Citysense, a Chilean IoT startup that raised $1.7M to expand into Mexico, highlighting their engagement in the Internet of Things (IoT) space, which is crucial for smart home technologies. Additionally, they have invested in other startups such as OlaClick and Somos, further demonstrating their active role in supporting innovative technology ventures. Their commitment to educational programs for new investors and market entry support for companies looking to expand into Mexico also reflects their broader mission to foster technological advancement in the region.

10. LIP Ventures Boutique

• Website: lip.lat
• Type: Corporate
• Headquarters: Cuajimalpa, Mexico City, Mexico
• Founded year: 2019
• Headcount: 1-10
• Number of deals in 2024: 7
• LinkedIn: lip-ventures-boutique

LIP Ventures Boutique is a venture capital firm based in Cuajimalpa, Mexico City, founded in 2019. The firm specializes in providing funding and business development services to technology startups in Latin America. They support entrepreneurs by offering market access and professional consulting, while also connecting investors with high-potential investment opportunities in the tech sector. Notably, LIP Ventures has been involved in several transactions that are relevant to the smart home industry. For instance, they participated in the Series C funding round for Tovala, a company that produces a smart oven, highlighting their interest in smart kitchen technology. Additionally, their investment in WINT, a startup focused on AI- and IoT-driven water management solutions, showcases their engagement with technologies that can enhance home automation and efficiency. These transactions reflect LIP Ventures Boutique's commitment to supporting innovative tech solutions that could be applicable in the smart home context.

11. Mercadolibre.com

• Website: mercadolibre.com
• Type: Corporate
• Headquarters: Buenos Aires, Buenos Aires, Argentina
• Founded year: 1999
• Headcount: 1001-5000
• Number of deals in 2024: 3
• LinkedIn: mercadolibre-com

Mercado Libre is an e-commerce platform based in Buenos Aires, Argentina, founded in 1999. It facilitates online buying and selling across various product categories, including electronics, clothing, and home goods. The company has made several strategic acquisitions and investments that highlight its interest in technology and innovation. Notably, in 2022, MercadoLibre's Fondo Meli fund participated in a seed round for Intuitivo AI, an Argentine startup that plans to expand its smart refrigerator and vending machine installations significantly. This investment reflects Mercado Libre's commitment to integrating smart technology into everyday consumer products. Additionally, their acquisitions of companies like AXADO Informação e Tecnologia and Machinalis further demonstrate their strategy to enhance their technological capabilities, which could support smart home initiatives.

12. Opus Investimentos

• Website: opus.com.br
• Type: Private Equity
• Headquarters: Centro, Rio De Janeiro, Brazil
• Founded year: 2004
• Headcount: 51-200
• Number of deals in 2024: 6
• LinkedIn: opus-investimentos

Opus Investimentos is a private equity firm based in Centro, Rio De Janeiro, Brazil, founded in 2004. The firm specializes in private equity and alternative investments, managing over R$ 7.2 billion in assets across various sectors, including healthcare and technology. Opus provides tailored investment management services to individual and institutional clients, helping them navigate complex financial markets to achieve high returns. Notably, Opus has been involved in several transactions that highlight their interest in technology. For instance, they participated in the Series B funding for Zoox Smart Data, which raised $5.1 million in July 2020, indicating a focus on data solutions that could enhance smart home systems. Furthermore, their recent involvement in the funding round for Figure AI, a startup focused on developing human-like robots, underscores their commitment to innovative technologies that may play a role in the future of smart homes. These transactions reflect Opus's strategic interest in sectors that are increasingly relevant to the smart home industry.

Smart Home Insights: Key Investors in Latin America

Investor	Headquarter	Size	Founded	Deals 2024
bossa invest	Sao Paulo, Sao Paulo, Brazil	11-50	2011	56
Mindset Ventures	Sao Paulo, Sao Paulo, Brazil	1-10	2016	7
Norte Ventures	Sao Paulo, Sao Paulo, Brazil	1-10	2020	11
Canary	Sao Paulo, Sao Paulo, Brazil	11-50	2017	23
EREN do Brasil	Sao Paulo, Sao Paulo, Brazil	1-10	2013	5
TM3 Capital	Cidade Industrial De Curitiba, Paraná, Brazil	11-50	2011	3
GRIDS Capital	Sao Paulo, Sao Paulo, Brazil	1-10	2016	1
Magma Partners	Providencia, Santiago, Chile	11-50	2014	6
Angel Ventures	Mexico	11-50	2008	2
LIP Ventures Boutique	Cuajimalpa, Mexico City, Mexico	1-10	2019	7
Mercadolibre.com	Buenos Aires, Buenos Aires, Argentina	1001-5000	1999	3
Opus Investimentos	Centro, Rio De Janeiro, Brazil	51-200	2004	6

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