The dermatology practice industry in Latin America is rapidly evolving, focusing on skin health, cosmetic procedures, and innovative treatments. Various companies operate in this sector, from private clinics to skincare brands, offering services such as medical dermatology, cosmetic dermatology, and aesthetic treatments. As interest in personal care grows, the industry seeks to accommodate rising consumer demands through advanced technology and personalized solutions. Notably, investment in teledermatology and skincare startups reflects a broader trend towards digital health services. This shift is reshaping how treatments are delivered, suggesting a bright future filled with both challenges and opportunities for practitioners.


The investors highlighted in this list are primarily venture capital firms, located mainly in São Paulo, Brazil, with a few based in Chile and Mexico. Established between 2005 and 2020, these firms range from small teams of 1-10 members to slightly larger groups of up to 50. In 2024, they collectively invested in a variety of transactions, with some investors like Kaszek and Canary making significant contributions to the dermatology space. This blend of experience and focus offers a unique perspective on funding opportunities within the medical and skincare industries, crucial for driving innovation and growth.


Top 13 Dermatology Practice 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, while also providing capital, strategic guidance, and access to a network of co-investors. Bossa Invest has been active in the dermatology practice context through its investments in companies like SISU Aesthetic Clinic, which is a cosmetic treatment chain, and Sallve, a skincare brand that raised significant funding in both Seed and Series B rounds. Their investment in salauno, which may relate to dermatological services, further emphasizes their engagement in this sector. Bossa Invest also aims to empower entrepreneurs and foster growth in the startup ecosystem, making them a supportive partner for companies in the dermatology field.


2. 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. Canary has been involved in several notable transactions, including investments in Sallve, a skincare brand that raised $20 million in a Series B round in 2021 and $1.75 million in a Seed round in 2019. This involvement in the beauty and skincare industry highlights their interest in sectors related to dermatology. Additionally, they participated in the seed funding rounds for Plenna, a femtech company, which, while not directly related to dermatology, indicates their engagement in health and wellness sectors. Overall, Canary's investment strategy aligns with supporting innovative startups, including those in the dermatology practice context.


3. VOX Capital

  • Website: voxcapital.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: vox-capital

VOX Capital is an impact investment firm based in Sao Paulo, Brazil, founded in 2009. They specialize in managing investments that generate positive social and environmental outcomes, focusing on sectors such as healthcare, education, and climate solutions. VOX Capital serves both individual and institutional investors who seek to align their financial goals with their values. Notable transactions include their investment in Eyecare Health, which raised $2M in a Seed round to expand operations and improve services, and ISA Saúde, which raised $17M in a Series A round. These investments highlight their commitment to healthcare, suggesting a potential interest in dermatology practices as part of their broader healthcare investment strategy.


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 made significant investments in the healthcare sector, including dr.consulta, which raised $50 million in Series C funding in 2017 and $25.9 million in Series B funding in 2016. These investments highlight their commitment to healthcare innovation. Additionally, they have invested in Sallve, a skincare brand that raised $20 million in Series B funding in 2021 and $10 million in Series A funding in 2019, further emphasizing their interest in dermatology-related ventures. Overall, Kaszek's investment strategy includes a focus on health and beauty, making them a relevant player in the dermatology practice industry.


5. Lupa Capital


Lupa Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2012. The firm specializes in early-stage technology companies within the healthcare, insurance, and software sectors. Lupa Capital provides not only financial investment but also strategic support to help these companies navigate growth challenges. Notable transactions include Sallve, which raised $1.75 million in a seed round in 2019, focusing on skincare, and ISA Saúde, which raised $17 million in a Series A round in 2022, indicating their interest in healthtech. Other investments like Melvi and Theia further showcase their commitment to innovative healthcare solutions, although they are not exclusively focused on dermatology practices.


6. Igah, Ventures.

  • Website: igahventures.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: ebricks-ventures

Igah Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2011. The firm specializes in seed and early-stage investments in innovative startups across various sectors, including technology, healthcare, and finance. They provide capital and strategic guidance to entrepreneurs to help them scale their businesses. Notably, Igah Ventures has invested in companies relevant to the dermatology practice context, such as Lilly Estética, which focuses on aesthetic treatments, and Dr. JONES, which likely operates in the healthcare space. Additionally, their investment in Labi Exames, a medical diagnostics company, further emphasizes their commitment to the healthcare sector, making them a potential player in the dermatology practice investment landscape.


7. 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 investment 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 made several investments in the healthcare sector, including a 27% stake in Grupo Salus, a medical mobility and equipment manufacturer, and funding rounds for Hospital Vera Cruz and Hospital Care. These transactions highlight Crescera's active role in the healthcare industry, suggesting a potential interest in supporting dermatology practices as part of their broader health sector investments.


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. Norte Ventures has been involved in several notable transactions, including investments in healthcare startups such as ISA Saúde, which raised $3 million in a Seed Round, and Dr. JONES, which raised over $1 million in its Seed Round. These investments demonstrate Norte Ventures' engagement in the healthcare space, which is relevant to dermatology practices, as they seek to empower startups and foster innovation in the Brazilian market.


9. Monashees

  • Website: monashees.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2005
  • Headcount: 11-50
  • Number of deals in 2024: 18
  • LinkedIn: monashees-capital

Monashees is a venture capital firm based in Sao Paulo, Brazil, founded in 2005. The firm specializes in investing in technology-based companies across Latin America, providing not only funding but also support in areas such as talent acquisition and fundraising. Monashees has been active in the healthcare sector, with notable investments including Memed, which raised $3 million in Series A funding in 2017, and Livance, a Brazilian ehealth company that secured $13.2 million in funding in 2023 to enhance its technology and expand its network. Additionally, they invested in Hilab, which raised $10 million in Series B funding in 2020. These transactions highlight Monashees' commitment to advancing healthcare technology, which is relevant to dermatology practices as they increasingly adopt digital solutions.


10. 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 has been involved in several notable transactions, including a $17 million Series A investment in ISA Saúde, which focuses on healthcare solutions, and a $7 million Series A investment in Welbe Care, a B2B healthcare platform. Their recent investments, such as the $1.2 million in Biologix and participation in Welbe Care's seed round, indicate a commitment to nurturing innovative healthcare solutions. Although none of their transactions explicitly target dermatology, their focus on health technology positions them as a potential investor in dermatology-related innovations.


11. Chile Ventures

  • Website: chileventures.vc
  • Type: Venture Capital
  • Headquarters: Santiago, Santiago, Chile
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: chile-ventures

Chile Ventures is a venture capital firm based in Santiago, Chile, founded in 2015. The firm specializes in investing in technology startups, particularly those with recurring revenue models, and provides financial support ranging from $50k to $500k. They focus on small and medium enterprises in Latin America, addressing their need for access to financial products and growth resources. Notably, Chile Ventures has participated in several relevant transactions in the healthcare sector, including HealthAtom, which raised $10 million to expand its cloud-based software solutions for clinics, and Nutrix, a Chilean health-tech company that raised $1.8 million in seed funding. These investments highlight their commitment to supporting innovative healthcare solutions, which could be beneficial for dermatology practices.


12. ArkFund


ArkFund is a venture capital firm based in San Francisco and Ciudad De México, founded in 2016. The firm specializes in early-stage investments across various industries, including Fintech, Health, and Education. ArkFund aims to support founders by providing capital, mentorship, and a community of experienced investors. Notably, they have invested in health-related startups such as Saludtools, which raised $1,000,000 in a Pre-Seed round, and Terapify, which secured funding in a Seed round. These transactions highlight ArkFund's commitment to the health sector, suggesting a potential interest in dermatology practices as part of their broader investment strategy.


13. FIR Capital Partners


FIR Capital Partners is a venture capital firm based in Nova Lima, Minas Gerais, Brazil, founded in 1999. The firm specializes in venture capital and financial advisory services, connecting entrepreneurs and businesses with investors while providing strategic guidance for growth. FIR Capital focuses on small and medium enterprises across various sectors, leveraging its extensive experience and network to facilitate successful investments. Notably, FIR Capital has participated in significant transactions within the healthcare sector, including a $17 million Series A investment in ISA Saúde, which is involved in health services, and a Series A funding round for Nexodata, a healthtech company specializing in digital medical prescriptions. These investments highlight FIR Capital's engagement in the healthcare industry, suggesting a potential interest in sectors related to dermatology practices.



Dermatology Practice Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
bossa investSao Paulo, Sao Paulo, Brazil11-50201156
CanarySao Paulo, Sao Paulo, Brazil11-50201723
VOX CapitalSao Paulo, Sao Paulo, Brazil11-5020091
KaszekSao Paulo, Sao Paulo, Brazil11-50201117
Lupa CapitalSao Paulo, Sao Paulo, Brazil1-1020120
Igah, Ventures.Sao Paulo, Sao Paulo, Brazil11-5020112
Crescera CapitalRio De Janeiro, Rio De Janeiro, Brazil11-5020087
Norte VenturesSao Paulo, Sao Paulo, Brazil1-10202011
MonasheesSao Paulo, Sao Paulo, Brazil11-50200518
Kortex VenturesSao Paulo, Sao Paulo, Brazil1-1020202
Chile VenturesSantiago, Santiago, Chile1-1020155
ArkFundSan Francisco Tecoxpa, Ciudad De México, Mexico1-1020160
FIR Capital PartnersNova Lima, Minas Gerais, Brazil11-5019990


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