The travel agency industry in Latin America is vibrant and evolving, driven by a blend of traditional travel services and modern digital platforms. Companies range from well-established travel agencies to innovative startups offering specialized services like experiential travel and personalized itineraries. Demand for unique travel experiences, a growing middle class, and increasing connectivity are steering industry growth. As more travelers seek sustainability and local culture engagement, agencies are adapting by integrating eco-friendly options and enhancing customer experiences. This transformation is reshaping travel offerings and creating new opportunities for investment in technology-driven solutions.


This list features a mix of venture capital and private equity firms primarily from Brazil and Mexico, reflecting the regional focus on travel agency investments. Established between 1995 and 2020, investors vary in size, from small teams to larger firms managing significant capital. With several firms making multiple deals in 2024, the landscape shows a robust investment interest in travel. Notable players include Kaszek and G2 Momentum Capital, both active in supporting innovative travel startups through strategic funding and mentorship efforts.


Top 13 Travel Agency 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 provides capital, strategic guidance, and access to a network of co-investors. Bossa Invest has been involved in several notable transactions within the travel industry, including investments in Instaviagem, a surprise travel startup in Brazil, and Just Travel, which raised funds in a Pre-Seed round. Additionally, they invested in Sherpa°, which focuses on travel-related services. These transactions highlight Bossa Invest's engagement in the travel sector, complementing their broader investment strategy in technology startups.


2. 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. Among their notable transactions, Monashees participated in a Series C funding round for Buser, a platform for shared charter and bus services, which raised R$700 million to expand its services in the domestic tourism market. Additionally, they invested in Casai, a Mexican hospitality startup that raised $48 million in a Series A round, highlighting their engagement in the travel and hospitality sectors. These investments reflect Monashees' commitment to supporting innovative solutions in the travel industry.


3. Angel Ventures


Angel Ventures is a venture capital firm founded in 2008, based in Mexico, that focuses on early-stage technology companies in Latin America. The firm provides funding, mentorship, and resources to startups, helping them grow and succeed across various sectors, including FinTech and E-Commerce. Notably, Angel Ventures has invested in travel-related companies such as Outlet de Viajes, participating in multiple funding rounds (Seed Round in 2013, Series A in 2014, and Series A in 2016), which highlights their engagement in the travel agency industry. Additionally, they invested in BYHOURS, a platform for booking hotel rooms by the hour, showcasing their interest in innovative travel solutions. Their support extends beyond financial investment, as they also offer educational programs for new investors and assist companies in entering the Mexican market.


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 Latin America, providing capital and strategic guidance to startups in various technology-driven industries. Notably, Kaszek has made significant investments in the travel and hospitality sector, including Ayenda Hotels, a Colombian low-cost hotel chain that raised $8.7 million to expand into Peru, and Casai, a Mexican hospitality startup that raised $48 million in one of the largest Series A rounds in Latin America. Additionally, they invested in Urbvan, a startup offering private transportation shuttles in Mexico, further emphasizing their engagement in the travel ecosystem. With a strong emphasis on long-term partnerships, Kaszek aims to foster a vibrant technology ecosystem in the region, including the travel industry.


5. 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. They provide strategic and operational support to help these companies grow and succeed, focusing on long-term value creation and active management involvement. Notably, IGneous has invested in Busbud, a Montreal-based online marketplace for intercity bus tickets, which raised $11 million in financing in February 2022. This investment highlights their engagement in the travel industry. Additionally, they have invested in Recorrido, a company that has raised funds in seed rounds, indicating their interest in travel-related ventures. Their portfolio also includes Ruténica, although the specifics of its relevance to travel are less clear. Overall, IGneous demonstrates a commitment to supporting companies that can enhance the travel experience, making them a noteworthy player in the travel agency investment landscape.


6. 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 Buser, a bus transportation platform, which raised funds in a Series A round in 2018. They also invested in Nomad, which raised over $19 million in a Series A round in 2021, and Kolors, which secured $6 million in a Seed Round in 2020. These transactions highlight Norte Ventures' commitment to fostering innovation and supporting startups, including those in the travel industry.


7. 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. In 2024, Liil Ventures participated in a funding round for BusUp, a Barcelona-based corporate bus commuter management solution, raising over $14 million. This investment highlights their commitment to improving transportation solutions, which is crucial for travel agencies. Additionally, their previous investments in Urbvan, a startup providing private transportation shuttles in Mexico, and their involvement in the mobility sector through companies like Miles, which offers a loyalty program for all modes of transportation, further demonstrate their relevance in the travel industry context.


8. 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, 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. They focus on building strong partnerships with visionary leaders to catalyze economic development in their regions. Among their notable transactions, DILA Capital invested in Outlet de Viajes, a travel agency that raised funds in a seed round in 2013. They also participated in a funding round for BYHOURS, a platform that allows users to book hotel rooms by the hour, which highlights their engagement in the travel and hospitality sectors. Additionally, they have invested in Urbvan, a startup providing private transportation shuttles in Mexico, further demonstrating their interest in travel-related services.


9. G2 Momentum Capital


G2 Momentum Capital is a venture capital firm based in Mexico City, Mexico, founded in 2011. The firm specializes in investing in early-stage startups across Latin America, with a focus on disruptive and scalable technology-based business models. They partner with passionate entrepreneurs to provide both capital and consulting services, helping startups navigate the competitive market. Among their notable transactions, G2 Momentum Capital invested in Kukun, a Mexican neo-hospitality proptech that raised $4.5 million to enhance traveler experiences through interactive technologies. This investment highlights their engagement in the travel and hospitality sector, alongside other investments such as Shuttle Central and Ancana, which, while not directly related to travel agencies, showcase their diverse investment portfolio in innovative startups.


10. 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 early-stage investments 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 Keteka, a travel startup that raised funds in 2017, and The Intern Group, which also has connections to travel and internships abroad. These transactions highlight their engagement in the travel sector, alongside their broader focus on fintech and insurtech.


11. Nexxus Capital


Nexxus Capital is a private equity investment firm based in Mexico City, Mexico, founded in 1995. The firm specializes in private equity and mezzanine debt for mid-sized companies in Mexico and Spain, managing multiple funds aimed at providing capital to help businesses grow and expand. Among their notable transactions, Nexxus Capital invested in PriceTravel, a travel agency that raised an undisclosed amount in a private equity round on May 23, 2012. Additionally, they invested in Grupo Turistore, which also raised an undisclosed amount in a private equity round on October 31, 2018. These investments highlight Nexxus Capital's engagement in the travel agency sector, showcasing their capability and interest in supporting companies within this industry.


12. Beta Ventures LLC


Beta Ventures LLC is a corporate venture capital firm based in Sao Paulo, Brazil, founded in 2016. The firm specializes in providing angel investments and mentoring to startups across Brazil and Latin America. They focus on supporting innovative founders in various sectors, including FinTech and Health Tech. Notably, Beta Ventures has made investments in companies like Worldpackers, which raised an undisclosed amount in a Seed Round in 2016, and Kocomo, which raised an undisclosed amount in an Angel Round in 2021. Additionally, they participated in a Seed Round for Wonder Brands, which raised $5 million in 2021. While their investment in Worldpackers indicates some engagement with the travel sector, their broader focus on other industries suggests a diverse investment portfolio.


13. Thomson Reuters Costa Rica


Thomson Reuters Costa Rica is a corporate investor based in Heredia, Costa Rica, with a focus on legal services and information technology solutions. Founded in 1977, the company provides a wide range of products, including legal research tools, tax compliance software, and media solutions, primarily serving legal professionals, accountants, and various businesses. In 2000, Thomson Reuters Costa Rica acquired Simply Travel, which led to the latter's resignation from the Association of Independent Tour Operators (AITO), indicating a significant commitment to the travel agency sector. Additionally, they participated in a seed round investment in Airside in 2015, although the details of that transaction are less relevant to the travel agency context. Overall, their activities demonstrate a willingness to engage in the travel industry alongside their primary business focus.



Travel Agency Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
bossa investSao Paulo, Sao Paulo, Brazil11-50201156
MonasheesSao Paulo, Sao Paulo, Brazil11-50200518
Angel VenturesMexico11-5020082
KaszekSao Paulo, Sao Paulo, Brazil11-50201117
IGneousChile1-100
Norte VenturesSao Paulo, Sao Paulo, Brazil1-10202011
Liil VenturesMexico City, Mexico City, Mexico1-1020171
DILA CapitalMexico City, Mexico City, Mexico11-5020051
G2 Momentum CapitalMexico City, Mexico City, Mexico1-1020112
Magma PartnersProvidencia, Santiago, Chile11-5020146
Nexxus CapitalMexico City, Mexico City, Mexico11-5019950
Beta Ventures LLCSao Paulo, Sao Paulo, Brazil1-1020160
Thomson Reuters Costa RicaHeredia, Heredia, Costa Rica51-20019774


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