The surgical device industry in Latin America focuses on developing innovative solutions for medical procedures. Companies manufacture a range of products, from minimally invasive surgical instruments to advanced robotic systems. With increasing healthcare investments and technological advancements, the sector is evolving, aiming for improvement in surgical outcomes and enhanced patient care. Notably, the market is experiencing significant growth due to a rise in medical tourism, patient-centric innovations, and regulatory support. As health needs change, players in this space are tapping into opportunities for growth by adopting new technologies and increasing accessibility to surgical devices.


In 2024, a notable array of investors made their mark in Latin America’s surgical device sector. This list encompasses corporate giants, venture capital firms, and private equity groups, headquartered in vibrant markets like Sao Paulo, Rio de Janeiro, and Santiago. With founding years ranging from 2008 to 2020, these investors vary in size, typically employing small teams of 1 to 50 staff. Their activity spanned multiple deals, highlighting the growing interest and commitment towards innovation within healthcare. Each investor in our listing has played an essential role in mobilizing resources for the advancement of this dynamic industry.


Top 12 Surgical Device 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 aims to empower entrepreneurs through capital, strategic guidance, and access to a network of co-investors. Bossa Invest has been involved in several notable transactions in the surgical device context, including a $13.2 million Series A investment in Vicarious Surgical, a company focused on robotic surgical solutions. Additionally, they participated in funding rounds for Osso VR, which raised $27 million in Series B funding and offers virtual reality training solutions for surgical procedures. These investments highlight Bossa Invest's commitment to supporting advancements in surgical technology and training, making them a relevant player in the surgical device industry.


2. Eretz.bio

  • Website: eretz.bio
  • Type: Corporate
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: eretz.bio

Eretz.bio is a not-for-profit organization based in Sao Paulo, Brazil, founded in 2017. It serves as an innovation hub associated with the Hospital Israelita Albert Einstein, focusing on incubating startups in the healthcare sector. Eretz.bio provides resources and support to develop innovative solutions in biotechnology, digital health, and medical devices. Among their notable transactions, they have invested in Hefesto Medtech, which raised funds in a Seed Round in 2019, and Anestech – Innovation Rising, which raised funds in a Pre-Seed Round in 2018. These investments highlight their active role in the surgical device sector, alongside other healthcare innovations.


3. Kptl

  • Website: kptl.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: inseed-investimentos

Kptl is a venture capital firm based in Sao Paulo, Brazil, founded in 2020. With over 15 years of experience in the investment landscape, Kptl has made more than 124 investments, focusing on innovative startups across various sectors. Notably, Kptl has invested in companies such as Magnamed, which raised $2,606,090 in a Series A round in 2008, and Tmed, which also secured funding in a Series A round in 2009. These investments highlight Kptl's engagement in the surgical device industry, showcasing their commitment to supporting companies that develop medical technologies. Additionally, Kptl's recent investment in Protmat Materiais Avançados in 2024 further emphasizes their ongoing interest in advanced materials, which can be relevant to surgical devices.


4. 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. Crescera aims to enhance operational performance and prepare companies for market opportunities. Notably, Crescera has been involved in several transactions relevant to the healthcare sector, such as Confiance Medical S/A, which raised $793,248 in a seed round in 2017, and Hospital Vera Cruz, which secured an undisclosed amount in a private equity round in 2018. These transactions highlight Crescera's engagement in the healthcare industry, which may include surgical devices, although the firm does not exclusively focus on this niche.


5. Zentynel Frontier Investments


Zentynel Frontier Investments is a venture capital firm based in Santiago, Chile, founded in 2017. The firm specializes in biotechnology investments, providing financial backing and management expertise to innovative startups in the sector. Zentynel has been actively involved in several funding rounds, including notable transactions such as Autem Therapeutics, which raised $10 million to develop a novel bioelectric oncology treatment platform targeting solid tumors, and is navigating FDA regulatory processes relevant to surgical devices. Additionally, their investment in Asclepii and other health-related startups showcases their commitment to supporting high-growth potential companies in the medical technology space, further solidifying their role in the surgical device industry.


6. 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 and provides 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 industries such as artificial intelligence and life sciences. Notably, they have participated in transactions involving companies like CytoVale, which focuses on technology for early detection of sepsis, and FIGUR8, which is involved in health-related applications. These investments highlight GRIDS Capital's engagement in the life sciences sector, making them a relevant player in the surgical device landscape.


7. Aurus

  • Website: aurus.cl
  • Type: Venture Capital
  • Headquarters: Lo Barnechea, Santiago, Chile
  • Founded year: 2008
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: aurus

Aurus is a venture capital firm based in Lo Barnechea, Santiago, Chile, founded in 2008. The firm partners with entrepreneurs and startups, providing strategic advisory, recruitment, and crisis management services to help high-potential businesses navigate challenges and achieve growth. Aurus has been involved in several notable transactions, particularly in the surgical device sector. They have made multiple investments in Levita Magnetics, a company known for its innovative surgical devices, raising funds in 2012, 2013, and 2014. Additionally, they invested in EchoPixel, which raised $8.5 million in a Series A round in 2017, focusing on medical imaging technology that can enhance surgical procedures. These transactions highlight Aurus's engagement in the surgical device industry, making them a relevant investor in this field.


8. Carao Ventures

  • Website: caraov.com
  • Type: Venture Capital
  • Headquarters: Costa Rica
  • Founded year: 2012
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: carao-ventures

Carao Ventures is a venture capital firm founded in 2012, based in Costa Rica, that focuses on early-stage investments in innovation-driven companies across Latin America. The firm supports entrepreneurs with the technical skills and determination to disrupt industries, providing them with the necessary funding and resources to grow their businesses. Notably, Carao Ventures participated in the Series C financing of Levita Magnetics, which raised $26 million to support its Magnetic-Assisted Robotic Surgery (MARS) platform, indicating a direct involvement in the surgical device sector. Additionally, they have invested in healthtech firms like Huli, further demonstrating their commitment to the health technology landscape.


9. 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 across 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 invested in Momentis Surgical, a company focused on surgical devices, which highlights their engagement in the surgical device industry. Additionally, they have participated in funding rounds for companies like Ibex Medical Analytics, which focuses on AI cancer diagnostics, and Igentify, indicating a broader interest in healthcare technology. Their diverse portfolio suggests a strategic approach to investing in innovative solutions within the medical and tech fields.


10. Fen Ventures

  • Website: fenventures.com
  • Type: Venture Capital
  • Headquarters: Las Condes, Santiago, Chile
  • Founded year: 2012
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: fen-ventures

Fen Ventures is a venture capital firm based in Las Condes, Santiago, Chile, founded in 2012. The firm specializes in early-stage investments within the Latin American tech sector, providing capital, strategic support, and networking opportunities to entrepreneurs. Notably, Fen Ventures has invested in Levita Magnetics, which raised $1,000,000 in a venture round in July 2019, focusing on innovative surgical solutions. Additionally, they have participated in seed rounds for companies like Augmental and Xeptiva Therapeutics, with the latter raising $2,500,000 in September 2024. These transactions highlight Fen Ventures' engagement in the medical and surgical device landscape, aligning with their mission to foster innovation and positive change in the region.


11. Grupo Elfa


Grupo Elfa is a prominent healthcare distributor based in Sao Paulo, Brazil, founded in 1990. With over 30 years of experience, the company specializes in the distribution of pharmaceuticals and medical supplies, serving hospitals, clinics, and health plans across Brazil. Grupo Elfa plays a crucial role in the healthcare supply chain, ensuring timely access to essential products for patient care. In recent years, they have made strategic acquisitions to strengthen their market position, including the acquisition of Dupatri for $34.7 million in January 2021, which enhances their capabilities in medical supply distribution. Additionally, they acquired Agilfarma Medicamentos through their subsidiary Prescrita Medicamentos, further expanding their reach in the pharmaceutical sector. These transactions reflect Grupo Elfa's commitment to enhancing operational efficiency and expanding their presence in the healthcare market, including surgical devices.


12. Kortex Ventures

  • Website: kortexventures.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2020
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: kortexventures

Kortex Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2020. The firm is dedicated to transforming healthcare through technology by investing in health technology startups and providing strategic support. Kortex Ventures leverages partnerships with major health groups in Brazil to identify and nurture innovative solutions in the healthcare sector. Notable transactions include participation in a R$10 million Series A funding round for NeuralMed, which focuses on health technology, and a $17 million Series A investment in ISA Saúde, a company likely involved in health solutions. Their investment in Sweetch, an Israeli healthtech startup, further demonstrates their commitment to advancing healthcare technology, which may include surgical devices as part of their broader investment portfolio.



Surgical Device Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
bossa investSao Paulo, Sao Paulo, Brazil11-50201156
Eretz.bioSao Paulo, Sao Paulo, Brazil11-50201716
KptlSao Paulo, Sao Paulo, Brazil11-5020205
Crescera CapitalRio De Janeiro, Rio De Janeiro, Brazil11-5020087
Zentynel Frontier InvestmentsSantiago, Santiago, Chile1-1020174
GRIDS CapitalSao Paulo, Sao Paulo, Brazil1-1020161
AurusLo Barnechea, Santiago, Chile11-5020081
Carao VenturesCosta Rica1-1020123
LIP Ventures BoutiqueCuajimalpa, Mexico City, Mexico1-1020197
Fen VenturesLas Condes, Santiago, Chile1-1020125
Grupo ElfaSao Paulo, Sao Paulo, Brazil1001-500019900
Kortex VenturesSao Paulo, Sao Paulo, Brazil1-1020202


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