The mental health industry in Latin America is rapidly evolving, with a growing recognition of the importance of mental wellness. Companies in this sector range from teletherapy platforms to digital mental health apps, offering services designed to improve therapy access and mental health awareness. The pandemic has intensified the need for mental health solutions, sparking innovation and investment. With technological advancements, digital platforms are becoming pivotal, providing online therapy and support services. As conversations around mental health become more mainstream, the industry is poised for continued growth, attracting both local and international investment to address urgent societal needs.

The top mental health investors in Latin America represent a mix of corporate and venture capital firms, primarily headquartered in Sao Paulo, Brazil. Ranging in size from small teams to larger entities, these investors have been active participants in the health technology landscape, with several founded in recent years. In 2024, these firms collectively engaged in a notable number of transactions, demonstrating their commitment to supporting mental health initiatives. Through strategic investments, they aim to foster innovation in mental wellbeing solutions across the region.

Top 13 Mental Health 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. Bossa Invest supports startups by providing capital, strategic guidance, and access to a network of co-investors, while also offering educational resources to empower entrepreneurs. Among their notable transactions, Bossa Invest has invested in several companies within the mental health space, including Woebot Health, which raised $1 million in a venture round to develop AI-driven mental health support, and Headway, which secured $26 million in Series A funding to enhance access to mental health care. Additionally, they have invested in Mindbloom and Minded, both of which focus on mental health solutions, further solidifying their commitment to this sector.

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, particularly in biotechnology, digital health, and medical devices. Eretz.bio has been involved in several relevant transactions in the mental health space, including investments in Psicologia Viva (Psyalive), a platform aimed at providing psychological support, and Neurobots, which focuses on innovative solutions in mental health. Additionally, they have supported other health-related startups like Nilo Saúde and Wecancer, showcasing their commitment to advancing healthcare solutions.

3. DNA Capital

• Website: dnacapital.com
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2013
• Headcount: 11-50
• Number of deals in 2024: 1
• LinkedIn: dna-capital-br

DNA Capital is a venture capital firm based in Sao Paulo, Brazil, specializing in healthcare investments. Founded in 2013, the firm partners with healthcare businesses and startups, providing capital and strategic support to foster growth and innovation in the healthcare sector. Notably, DNA Capital has invested in Cíngulo, a company that raised funds in a seed round aimed at mental health solutions. They also participated in funding rounds for Reema Health, which has raised significant capital to develop a community-based health technology platform, indicating a focus on healthcare that may include mental health services. Other investments include Nice Healthcare and Vitable Health, which, while not exclusively focused on mental health, contribute to the broader healthcare landscape that DNA Capital is involved in.

4. IKJ Capital

• Website: ikj.capital
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2019
• Headcount: 1-10
• Number of deals in 2024: 7
• LinkedIn: irukandji-capital

IKJ Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2019. The firm specializes in early-stage investments in healthcare technology companies, with a particular focus on addressing significant healthcare challenges, including mental health and chronic conditions. Notably, IKJ Capital has participated in several relevant transactions in the mental health sector, such as a seed investment in Zenklub, a platform aimed at improving the marketplace for therapists. They also invested in Prairie Health, which focuses on mental health solutions, and Bloom Care, which, while primarily an e-commerce platform, is female-led and may have implications for mental health and wellness. These investments demonstrate IKJ Capital's commitment to supporting innovative startups that tackle mental health issues.

5. 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, supporting entrepreneurs with capital, co-founding assistance, and a strong community of builders. In 2024, they have made 23 investments, showcasing their active role in the startup ecosystem. Notably, they have invested in Genial Care, a Brazilian healthtech startup that focuses on providing guidance and services for families with children diagnosed with autism. This investment highlights their commitment to the mental health sector. Additionally, they have participated in various other sectors, including femtech with investments in Plenna, but their involvement with Genial Care positions them as a relevant investor in the mental health space.

6. 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. Among their notable transactions, they have invested in several healthcare-related startups, including Bem.care, which focuses on health services, Mais 60 Saude, which targets health solutions for the elderly, Wecancer, a platform for cancer patients, Omens, which offers health-related services, and Tem Saúde, which provides healthcare solutions. These investments highlight their engagement in the healthcare sector, which is relevant to mental health.

7. Lupa Capital

• Website: lupacapital.com.br
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2012
• Headcount: 1-10
• LinkedIn: lupa-capital

Lupa Capital is a venture capital firm based in São Paulo, Brazil, founded in 2012. The firm specializes in early-stage technology companies across various sectors, including healthcare, insurance, and software. Lupa Capital provides not only financial investment but also strategic support to help these companies navigate growth challenges. Notably, Lupa Capital has been involved in several transactions relevant to the mental health sector. For instance, they participated in the seed investment round for Zenklub, a platform aimed at enhancing the marketplace for therapists, which is crucial for mental health services. Additionally, they have shown interest in Genial Care, a healthtech startup that assists families with children diagnosed with autism, indicating their commitment to mental health initiatives. These transactions highlight Lupa Capital's active role in supporting mental health technology and services.

8. 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 Latin America, providing capital and strategic guidance to startups in various technology-driven industries. Notably, Kaszek has been involved in significant transactions in the mental health space, particularly with Wellhub, which raised $220 million in a Series E round in June 2021, and has previously raised funds in Series C and B rounds. This demonstrates Kaszek's active role in the mental health sector. Additionally, they participated in a funding round for Gympass, a company that promotes mental well-being through fitness and wellness solutions, further highlighting their interest in the mental health domain. With a strong emphasis on long-term partnerships, Kaszek aims to foster a vibrant technology ecosystem in the region, including the mental health industry.

9. 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. In 2024, Norte Ventures has been active in the investment landscape, participating in 11 transactions. Notably, they invested in Sanii, a startup focused on promoting healthy aging, which aligns with mental health and wellness. Additionally, they have been involved in other health-related investments, such as Osana Salud, a healthcare startup that aims to expand its services in the region. These transactions highlight Norte Ventures' commitment to supporting innovative solutions in the health sector, including mental health initiatives.

10. 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. Notably, Crescera Capital has made significant strides in the mental health sector, exemplified by their investment in Vittude, a mental health healthtech company that raised $7M in a Series A funding round in March 2022. Additionally, they participated in the Seed Round for Tell, another company focused on mental health, in January 2024. These transactions highlight Crescera's commitment to enhancing operational performance and market opportunities within the mental health industry, alongside their broader investment strategy.

11. 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. Notably, Igah Ventures has invested in Conexa Saúde, which raised significant funding in Series B and Series C rounds, indicating a strong focus on health technology. This involvement highlights their commitment to fostering growth and innovation in the healthcare space, which is crucial for mental health advancements. Additionally, they have invested in Axenya, a company that may also contribute to health-related solutions, further emphasizing their interest in the healthcare sector.

12. Airborne Ventures

• Website: airborne.ventures
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2021
• Headcount: 1-10
• Number of deals in 2024: 10
• LinkedIn: airborne-ventures

Airborne Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2021. The firm specializes in investing in early-stage startups and provides strategic guidance and networking opportunities to entrepreneurs. With a focus on value investing, Airborne Ventures aims to deliver strong returns by identifying promising startups across various sectors. Notably, they have been involved in significant transactions in the mental health space, such as their investment in Zenklub, which raised $3 million to enhance its platform for therapists. Additionally, they participated in funding rounds for Conexa Saude and Beep Saúde, both of which are health-related companies, further demonstrating their engagement in the health and wellness sector.

13. Zentynel Frontier Investments

• Website: zentynel.com
• Type: Venture Capital
• Headquarters: Santiago, Santiago, Chile
• Founded year: 2017
• Headcount: 1-10
• Number of deals in 2024: 4
• LinkedIn: 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. With a small team of 1-10 employees, Zentynel focuses on high-growth potential companies, helping them navigate funding and market entry challenges. Notably, Zentynel has made significant investments in companies relevant to mental health, including Learning To Sleep, which raised $500,000 in a Series A round in June 2021, focusing on sleep disorders that impact mental health. They also invested in Viewmind, which raised an undisclosed amount in January 2022, likely targeting mental health diagnostics. These investments highlight Zentynel's commitment to supporting innovations that can improve mental health outcomes, alongside their broader biotechnology focus.

Mental Health Insights: Key Investors in Latin America

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